Columnists Benefits of enacting Sovereign Wealth Fund Bill are manyOil exploration in northern Kenya. Norway is credited for having the largest sovereign wealth fund in the world, and with over $1 trillion, this equates to $190,000 for each of the country’s 5.2 million citizens. A few years ago, the Presidential Task Force on Parastatal Reforms proposed the establishment of Kenya’s sovereign wealth fund. The bill proposes the establishment of three main funds within it; stabilization fund, infrastructure and development fund, and a future generation fund. The above benefits will cut across various sectors due to the multidimensional nature of the interventions that the wealth fund provides.

Source: The North Africa Journal February 19, 2018 19:06 UTC