Namibia Plans to Establish a Sovereign Wealth Fund This Year

Namibia’s planned sovereign wealth fund will be financed with proceeds from the renewable-energy industry and others.Photographer: Theo Giacometti/Bloomberg

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By Kaula Nhongo

October 26, 2021 at 11:03 AM UTC

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Namibia plans to establish a sovereign wealth fund by the end of this year that will be used to serve as a buffer against future economic shocks, Finance Minister Ipumbu Shiimi said.