Original version

BBC World Service Online

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: Africa: In Sovereign Wealth Funds we Trust?

11/09/2014

Africa: In Sovereign Wealth Funds we Trust?

BBC World Service - Business Daily, Africa: In Sovereign Wealth Funds we Trust?

As African states set up sovereign wealth funds, what are their management issues?

Nigeria, Ghana and Angola, among others, have set up sovereign wealth funds. But who ensures they are well-managed?

African states have been bitten by the savings bug. Nigeria, Ghana and Angola, among others, have set up sovereign wealth funds in recent years. We speak to José Filomeno dos Santos, chairman of Fundo Soberano de Angola, Angola's US$5 billion sovereign wealth fund, which became active this year. Also, we ask Mona Quartey, Ghana's Deputy Finance Minister, what her country has done to foster trust in its government-managed sovereign wealth funds. 

Plus, Vidar Ovesen, Norway's former deputy finance minister and an independent consultant on oil and gas revenue management, tells us why Norway's sovereign wealth fund is the example others want to emulate, and what it takes to make a fund work. And the BBC's Rahul Tandon explains the economics that link fish prices and football in Calcutta.

Accessibility links

Programme Index

Business Daily

Africa: In Sovereign Wealth Funds we Trust?

Genres

Brand

BBC World Service Online

About BBC World Service