Welwitschia Fund launched

Contributed by NAMPA.

WINDHOEK, 12 MAY (NAMPA) – President Hage Geingob officially launched Namibia’s inaugural Sovereign Wealth Fund, dubbed the Welwitschia Fund, in the capital on Thursday.
Speaking at the launch, Geingob said various factors such as drought, financial difficulties, tough economic times and the recent emergence of the COVID-19 pandemic have led to Namibia establishing this fund, the purpose of which is to fully utilise the benefits of Namibia’s natural resources, by putting aside a fund to counter future ...