Africa: In Sovereign Wealth Funds We Trust?
African states have been bitten by the savings bug: Nigeria, Ghana and Angola, among others, have set up sovereign wealth funds. But who ensures they are well-managed?
African states have been bitten by the savings bug: Nigeria, Ghana and Angola, among others, have set up sovereign wealth funds in recent years. We speak to Jos茅 Filomeno dos Santos, chairman of Fundo Soberano de Angola, Angola's US$5 billion sovereign wealth fund, which became active this year. Also, we ask Mona Quartey, Ghana's Deputy Finance Minister, what her country has done to foster trust in its government-managed sovereign wealth funds. Plus, Vidar Ovesen, Norway's former deputy finance minister and an independent consultant on oil and gas revenue management, tells us why Norway's sovereign wealth fund is the example others want to emulate, and what it takes to make a fund work. And the 91热爆's Rahul Tandon explains the economics that link fish prices and football in Calcutta.
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- Thu 11 Sep 2014 14:05GMT91热爆 World Service Online
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