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Finance & Markets

Qatar Reshapes Its Wealth Fund Strategy With New Local Platform

Qatar is setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars, marking a radical reshaping of the gas-rich country’s sovereign investing landscape.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Omtatah blames 2012 Treasury law for Kenya’s public finance woes

Busia Senator Okiya Omtatah Okoiti has blamed a 2012 change to Kenya’s public finance law for what he describes as weaknesses in accountability, debt management and control of public funds.

  • Kenyan Senator Okiya Omtatah blames 2012 Treasury law for public finance woes
  • Section 11 of Public Finance Management Act 2012 transferred Treasury to Executive
  • Omtatah calls for restoring independent Treasury status to prevent single institution control

FG moves to ensure equitable 13% derivation fund distribution, re-verifies oil wells

The Federal Government through the RMAFC has moved to ensure equitable distribution of the 13% derivation fund among oil-producing states through the re-verification of disputed and newly drilled oil…

  • Federal Government initiates re-verification of disputed oil and gas wells.
  • Inter-Agency Technical Committee (IATC) reconstituted to carry out verification.
  • Verification aims to enhance fiscal transparency and equitable revenue allocation.

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