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Dubai World eyes Zimbabwe game park in Africa push

According to Reuters, “State-owned holding company Dubai World said on Sunday its African unit was investing in a wildlife game reserve in Zimbabwe as part of plans to boost its investments in Africa. Dubai World Africa, which in March said it bought three top-end South African wildlife game parks, has been pursuing investments that boost its exposure to Africa’s tourism sector, including investments in hotels and beach resorts.

‘(Africa) is a place where you can see growth… double-digit growth,’ Dubai World Chairman Sultan Ahmed bin Sulayem told the Arabian Hotel Investment Conference.”

read more: Reuters

Riksbank Appoints Permanent Head of Financial Stability

Sveriges Riksbank has appointed Olof Sandstedt to lead its financial stability department on a permanent basis, effective November 14, 2017. Sandstedt has been the department’s acting head since June 7, 2017 when he took over for Kasper Roszbach, who departed Riksbank to take up a new position at Norges Bank as director of its research division.

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Mubadala Inches Closer to Invepar Ownership

Since the beginning of the year, Abu Dhabi-based Mubadala Investment Company has been looking at owning the distressed Brazilian infrastructure company Invepar SA for quite some time. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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KDC’s Latest Acquisition a Breath of Fresh Air

Knowlton Development Corporation (KDC) has made its latest acquisition with the purchase of Aromair Fine Fragrance Company Inc., a U.S. subsidiary of Aromair Group that specializes in air care products, from London-based Strategic Value Partners. The terms of the transaction, which was completed on November 8, were not disclosed. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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