African SWFs: Protector of Revenue Growth or Just Another Wealth Concentration Mechanism?

LPNEWS
by trusted insight posted 6years ago 2905 views
Angola and Nigeria are the latest African countries to set up Sovereign Wealth Funds. Many analysts welcome this trend, saying this will prevent Africa's riches from being squandered by selfish leaders, and may produce more intra-African investment. Others warn that SWFs can be notoriously secretive, and may lack accountability for the investment decisions they make.