Zimbabwe Plans Wealth Fund

The government of Zimbabwe is planning to launch a sovereign wealth fund.

The government of Zimbabwe is planning to launch a sovereign wealth fund (SWF), Bernama reports. The fund will ensure that proceeds from exhaustible resources are saved for future generations. Mining companies, present and future generations will all be mutually benefited from the initiative. Botswana set up a SWF in 1996 based on its diamonds and mineral revenue.

Click here for the story from Bernama.

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