Welwitschia Fund reaches $508.47m market value
The Welwitschia Fund has at 31 July recorded an annualised return of 15.5% since inception four years ago and reached a market value of US$30.85 million, or N$508.47 million.
CHAMWE KAIRA
The Welwitschia Fund has at 31 July recorded an annualised return of 15.5% since inception four years ago and reached a market value of US$30.85 million, or N$508.47 million.
The fund received initial seed capital of US$17.74 million, equivalent to N$282.68 million, in early 2022.
Bank of Namibia Governor, Ebson Uanguta said the Welwitschia Fund is a mechanism for converting resource wealth into longer-term financial wealth.
Established in 2022, the fund is intended to strengthen Namibia’s resilience to cyclical and external shocks, promote intergenerational equity and distribute the benefits of natural resources across generations.
