Mozambique: 109 Million Dollars Deposited in Sovereign Fund

Maputo — The Bank of Mozambique has received about 109 million US dollars to put into operation the country’s Sovereign Wealth Fund, according to the Bank’s governor, Rogerio Zandamela.

Speaking to reporters on Friday, Zandamela said this was the result of a management agreement signed on 19 November between the Finance Ministry, as the overall manager of the Mozambican finance system, and the central bank, as the operational manager of the Sovereign Fund.

The financial allocation, said…