The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Cabinet gives green light for Namibia to establish sovereign wealth fund

Contributed by NAMPA.

KEETMANSHOOP, 27 JUN (NAMPA) – Cabinet said it has approved in principle for Namibia to establish a national Sovereign Wealth Fund (SWF).
An SWF is a State-owned investment fund that invests in real and financial assets and which is set aside for investment purposes to benefit the country’s economy and citizens.
In a statement on Saturday the Minister of Information and Communication Technology, Peya Mushelenga said Cabinet directed the Ministry of Finance to constitute an inter-institutional t ...