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Egypt Eyes Sovereign Fund By Year End to Shake Up State Assets
CAIRO (Capital Markets in Africa) – Egypt plans to launch its first sovereign fund by the end of the year and will begin a roadshow in the first half of 2019 to drum up private investment, the country’s planning minister said. Modelled after sovereign funds in India and Malaysia, Egypt’s new investment arm will seek to generate additional wealth from under-utilized state assets rather than investing surplus oil and gas revenues as Gulf countries do….
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