– The Fund expects to receive about USD six billion annually, from the exploitation of the natural gas of Cabo Delgado, intended for savings and investment.
By Lúria Mabui
Maputo (MOZTIMES) – Governance watchdog organisations are questioning the independence of the individuals who are members of the advisory bodies of Mozambique’s sovereign wealth fund, which was set up recently to manage the billions of dollars in revenue from the natural gas produced in Cabo Delgado province.
Last September, the Council of Ministers appointed Omar Mithá, the economic advisor to President Filipe Nyusi, to chair the Consultative Investment Council of the Sovereign Fund, which is a body responsible for assessing the fund’s investment opportunities in various classes of assets, including shares, titles, buildings and infrastructures and to analyse the risks associated with the investments.
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