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Why African governments hesitant to establish sovereign wealth funds

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  • Misheck Mutize

    (African Union Support Program)

Abstract

Establishing a Sovereign Wealth Fund (SWF) is one of the key strategies1 for a country to stabilize its economy through diversification and to generate wealth for future generations. SWFs also supports building up savings, preserve and grow a nation’s wealth for the benefit of current and future generations. These state-owned investment funds are used to manage and invests a country’s reserves derived from surplus revenues, foreign exchange earnings and proceeds from the sale of natural resources like oil or minerals. Despite the its importance in economic development, a few African governments have established and adequately capitalised their wealth funds.

Suggested Citation

  • Misheck Mutize, 2024. "Why African governments hesitant to establish sovereign wealth funds," Development Finance Agenda, Chartered Institute of Development Finance, vol. 9(1), pages 12-13.
    • Handle: RePEc:afj:journ4:v:9:y:2024:i:1:p:12-13
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v9_n1_a4
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