Botswana: Diamond-Rich Botswana Appoints Nigerian, Farouk Gumel, As Chairman of Sovereign Wealth Fund

President of Botswana, Advocate Duma Gideon Boko, has announced the creation of a new Botswana Sovereign Wealth Fund Limited with a Nigerian, Mr. Farouk Gumel, as the inaugural chairman of its Board of Directors.

Gumel is the vice chairman of Tropical General Investments (TGI) Group and the immediate past chairman of the Nigerian Sovereign Investment Authority (NSIA).

The announcement was made at the official launch of the new multi-billion-dollar Sovereign Wealth Fund at the President’s office in…