Tanzania looks to learn from Abu Dhabi with wealth fund - The National

Tanzania plans to establish a sovereign wealth fund to invest future energy windfalls.

The east African country is benefiting from a steady increase in its natural gas reserves and the government is studying states with significant hydrocarbon revenues. It is focusing on those that - like Abu Dhabi - have established sovereign wealth funds, said Jakaya Kikwete, Tanzania's president.

"We want to learn from them by setting up our own fund to ensure we similarly benefit," he said in a televised address.

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