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Senate

Civic group warns of ‘Shadow Treasury’ in proposed Sovereign Fund
Business

Civic group warns of ‘Shadow Treasury’ in proposed Sovereign Fund

The Bill seeks to establish a national fund to manage proceeds from strategic resources such as minerals and oil, with the goal of preserving wealth for long-term national benefit. However, Okoa Uchumi said the main concern is not the idea of the fund itself, but how it will be controlled and managed.

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