Djibouti sets up sovereign wealth fund, targets $1.5 billion in 10 years

June 25, 2020 - Djibouti, Africa - 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. It will use its fund to finance domestic investment including in the telecoms, logistics and infrastructure sectors. It will also prioritize investments in the Horn of Africa region, the government said.