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Nigeria, Angola, Tunisia, others ponder how to manage new wealth

…As Africa moves from fiscal deficit to surplus As Africa moves from a significant fiscal deficit largely funded by aid to a continent with a fiscal surplus, the search is on for a framework to manage countries’ resource-driven wealth. Some — such as Nigeria, Angola and Tunisia — are considering launching sovereign wealth funds (SWFs), which would accelerate the already rapid growth of the $3 trillion (1.8 trillion pound) industry. But in sub-Saharan Africa, the challenges posed by such plans ...
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Added January 28, 2010
from Businessday Nigeria