Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Nigeria's Sovereign Wealth Fund - Launched

According to the Wall Street Journal, Nigeria's $1 billion sovereign-wealth fund is set to start operating in the next few months, said the country's finance minister Ngozi Okonjo-Iweala, in what would mark a crucial step to help the governement finance the revamping of its ramshackle roads and power grids.

I've done some digging and here is one of their first investments...

Thanks to Ian for passing on the graphic!