07 Jan Namibia: Country Note on the Sovereign Wealth Fund
Posted at 06:40h
in Policy Brief
Namibia launched Africa’s newest sovereign wealth fund (SWF) – the Welwitschia Fund – in 2022. The seed capital for the Fund amounted to USD 16 million, with the bulk of the proceeds originating from the sale of 49% of the assets of the state-run Namibia Telecommunications Company (NTC). The SWF joined Africa’s 30 SWFs or sub-funds with a combined wealth of US$98 billion.