Djibouti sets up sovereign wealth fund, targets $1.5 bln in 10 years
NAIROBI, June 25 (Reuters) – Djibouti is setting up a sovereign wealth fund for domestic and regional investment, aiming to fund it to the tune of $1.5 billion over the next decade, the government said on Thursday. Wealthy nations traditionally use sovereign wealth funds to invest surplus billions overseas to prevent inflation at home, diversify…