Mozambique’s newborn sovereign wealth fund (FSM) is starting to look like a real fund rather than a legislative ambition.By mid-2025, the state had funnelled US$210 million in gas revenues into the FSM’s transitional account at the Bank of Mozambique.Mozambique set up the FSM at the end of 2023 to capture...
Mozambique’s newborn sovereign wealth fund (FSM) is starting to look like a real fund rather than a legislative ambition.By mid-2025, the state had funnelled US$210 million in gas revenues into the FSM’s transitional account at the Bank of Mozambique.Mozambique set up the FSM at the end of 2023 to capture...