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Nigeria’s Sovereign Wealth Fund to Commence Investment 2013

AFRICANGLOBE - Following the approval of its strategy document and the progress made with its investment policy guidelines, Nigeria's Ministry of Finance has announced that the Sovereign Wealth Fund (SWF) is expected to commence investment in a variety of instruments by March 2013.

Latinos Seek To Leverage Growing Poltical Muscle

AFRICANGLOBE - They flexed their muscle at the ballot box last month, but it’s been the rise of their ability to raise large sums...

Angola Launches $5 bln Sovereign Wealth Fund

Angola on Wednesday launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets by funnelling its vast oil wealth into...

Bright Start for Rwanda’s Development Fund

AGACIRO Development Fund (AgDF) got off to a roaring start yesterday, when Rwandans from all walks of life and friends of Rwanda raised more...

Rwanda Creates Sovereign Wealth Fund Aimed at Weaning Country Off Foreign...

Following a proposal floated during last year's National Dialogue (Umushyikirano) to mobilise resources to help wean Rwanda off foreign aid, a sovereign fund dubbed...

Nigeria Establishes Sovereign Wealth Fund

Nigeria's powerful state governors said on Monday they had approved federal government's proposal to launch a sovereign wealth fund with an initial $1 billion,...

Protests Over South Africa’s Decision to Help ‘Bail Out’ Europe

The Africa National Congress Youth League joined the Congress of South African Trade Unions on Thursday in calling on the government to reverse its...

Ugandan Economy Set to Grow even Faster – IMF

Economic growth in Uganda is likely to strengthen significantly next year as inflation eases, allowing the authorities to relax monetary policy, the International Monetary...

IMF Urges Ghana To Safeguard Macro-Economic Stability

The International Monetary Fund (IMF) has advised Ghana to remove subsidies on energy and fuel, a move that is likely to be met with...

Prospects for kenya’s Economy Huge, Says IMF

Kenya needs to remain on the long-term path of economic reform that ensures a stable macroeconomic environment and promotes growth prospects, the International Monetary...

IMF Boss Dominique Strauss-Kahn Arrested for Alleged Rape

New York police spokesman Paul Browne said Strauss-Kahn was arrested at 2:15 a.m. EDT yesterday on charges of a criminal sexual act, attempted rape and unlawful imprisonment.

JSE in hedge fund trading first

In a move designed to bring much-needed transparency to the unregulated hedge fund industry, the Johannesburg Stock Exchange (JSE) has acquired Momentum's Managed Account...
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