Botswana unveils new wealth fund to diversify economy, boost jobs

Botswana has announced the launch of a new sovereign wealth fund (SWF) aimed at driving economic diversification, job creation, and professionalising the management of state-owned enterprises (SOEs).
The fund is distinct from the existing Pula Fund, which has operated primarily for revenue stabilisation. Botswana states the new fund will focus instead on growth and asset-management, investing both domestically and abroad. The board is chaired by Farouk Gumel, and includes both local and international experts.

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