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Libya’s Sovereign Wealth Fund Sues Goldman Sachs

AFRICANGLOBE - Goldman Sachs exploited a lack of financial knowledge at Libya's sovereign wealth fund and a position of trust when it encouraged the fund to invest more than $1 billion in trades that ended up worthless, the fund has claimed in court documents.

Nigeria’s Emerging Economy Is Challenged By Old-Style Politics

AFRICANGLOBE - Nigerian business leaders may bask in the nation's inclusion (along with Mexico, Indonesia and Turkey) among the 'Mint' economies, predicted by Brics creator Jim O'Neill of Goldman Sachs to lead the next generation of emerging economies. That status will be confirmed if, as expected, Nigeria overtakes South Africa as Africa's largest national economy.

Nigeria Sovereign Wealth Fund Appoints Investment Firms To Manage Stabilization Fund

AFRICANGLOBE - Nigerian Sovereign Wealth Fund (SWF) says it has appointed three investment firms, Goldman Sachs, UBS and Credit Suisse as assets managers for its 20 percent stabilization fund.