Mozambique: Over Six Million Dollars Channeled to Sovereign Fund

Maputo — The Bank of Mozambique, in its role as regulator of the national financial system, has announced that the country’s Sovereign Wealth Fund recorded, up to 12 January, a market valuation of 6.5 million US dollars.

The Bank of Mozambique is responsible for the operational management of the Fund, including investment of its resources on international financial markets. Currently, the revenue for the fund comes from the production of liquefied natural gas (LNG) in offshore areas one and four…