Africa Monitor

Africa Monitor Intelligence

Mozambique: Governmentalization of Sovereign Wealth Fund Causes Apprehension

The independence of the future Sovereign Wealth Fund of Mozambique (FSM) is assessed as compromised in independent economic and business circles, due to an effort to governmentalize it, through the Ministry of Economy and Finance (MEF), which will be responsible for preparing and submitting the WSF investment policy, appoint the Investment Advisory Board, approve the selection and hiring of external managers and define the portion of the WSF assets allocated to contracted external managers. READ MORE