Mozambique: Nyusi Interested in Mozambican Sovereign Fund

Oslo — Mozambican President Filipe Nyusi said on Tuesday that Mozambique should set up its own sovereign wealth fund, based on earnings from natural resources such as gas and petroleum, but should not automatically imitate foreign models.

On the first day of an official visit to Norway, Nyusi met with the governor of the central bank of Norway, Oystein Olsen, with whom he discussed Norway's sovereign wealth fund, and how it operates. This is the largest sovereign fund in the world, holding more than a trillion US dollars, much of it deriving from the country's hydrocarbon resources.

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