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Mozambique joins the vogue for sovereign wealth across Africa

Issue 503 - 27 Mar 2024 - By Jon Marks | 2 minute read

The recent approval of plans to set up a Mozambique Sovereign Fund (Fundo Soberano de Moçambique or FSM) by President Filipe Nyusi’s cabinet adds to the growing number of sovereign wealth funds (SWFs) across the continent.

The move has been lauded by the International Monetary Fund’s Public Financial Management Blog, which examined the fund's structure and role.

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