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India's US$50bn Bharat Sovereign Wealth Fund: The Right Model, The Real Risks

20th October, 2025

India is weighing a new state investment vehicle - the tentatively titled Bharat Sovereign Wealth Fund (BSWF) - with a mooted starting corpus of about US$50 billion.

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Nigeria’s Oyo and Lagos States Inch Towards Sub-National SWF Revolution

17th October, 2025

The Nigerian states of Oyo and Lagos are moving ahead with state-level sovereign wealth funds that, if properly executed, could reshape how sub-national governments finance growth, manage shocks and build credibility with long-term investors in Africa’s most populous country.

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Kenya’s SWF Plan Is Back - This Time With a Funding Source

15th October, 2025

Kenya is set to establish two state investment vehicles - a sovereign wealth fund (SWF) and a standalone infrastructure fund - seeded with proceeds from a planned IPO of Kenya Pipeline Company (KPC), the latest in a long-standing bid to develop a state-owned investment

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Sweden’s AP Funds Merger: Mounting Concerns Over Government Approach

3rd October, 2025

On 30 September 2025 the government’s special investigator delivered an interim report on how to transfer Sjätte AP-fonden (AP6) into Andra AP-fonden (AP2).

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Botswana launches new sovereign wealth fund to drive growth beyond diamonds

22nd September, 2025

Botswana has launched a new sovereign wealth fund – the Botswana Sovereign Wealth Fund Ltd - with a clear brief: help diversify the economy, support job creation, and professionalise the management of state-owned assets.

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Syria Is Open for Business. Now What? Examining Sovereign Investment

26th August, 2025

DP World’s 30-year, US$800 million Tartus port concession deal is Syria’s first real post-war anchor and is meant to pull in bigger balance sheets and re-open the economy, just months after the Russian navy withdrew following the collapse of the Assad regime.

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Guyana’s Oil Fund Keeps Swelling – Qatar and IMF Give Their Approval

22nd August, 2025

Guyana’s Natural Resource Fund (NRF) is doing something many emerging market petro-states fumble: growing even while the government spends from it.

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Mozambique’s LNG Piggy-Bank Is Finally Filling - Now Comes the Hard Part

20th August, 2025

Mozambique’s newborn sovereign wealth fund (FSM) is starting to look like a real fund rather than a legislative ambition.

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Can Ireland’s New Sovereign Wealth Fund Survive the Age of Tariffs and Tax Shocks?

7th July, 2025

In late 2023, Ireland set out to achieve what most European countries can only dream of: leveraging record fiscal surpluses into not one, but two sovereign wealth funds (SWFs), aimed at shielding the country from demographic headwinds and the looming costs of climate adaptation.

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Sweden’s AP Funds Merger: Efficiency Dream or Governance Nightmare?

27th June, 2025

Sweden’s pension system - held up as a global gold standard - is about to undergo radical surgery. The Swedish Parliament has now given the green light to the most sweeping overhaul in a quarter-century: a forced merger that will see the country’s five AP buffer funds consolidated into just three by January 2026.

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Djibouti’s Sovereign Wealth Fund Closure and the Unraveling of a Strongman State

20th June, 2025

Investors and regional analysts were left reeling when Djibouti’s government abruptly dissolved its Sovereign Wealth Fund (Fonds Souverain de Djibouti, FSD) in late April 2025, just weeks after the highly acclaimed Djibouti Forum and four months after renewing the CEO's three-year mandate.

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Cyprus’s SWF: On the Brink of Revival Amid Gas Hopes and Hard Realities

19th June, 2025

The eastern Mediterranean's energy landscape has always been complex, but in 2025, Cyprus faces a critical juncture.

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