{"id":4227,"date":"2021-10-28T14:32:46","date_gmt":"2021-10-28T14:32:46","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister"},"modified":"2021-10-28T14:59:19","modified_gmt":"2021-10-28T14:59:19","slug":"namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister","title":{"rendered":"Namibia to set up sovereign wealth fund before year end: minister"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Namibia plans to set up a sovereign wealth fund (SWF) before the end of the year to secure the country\u2019s future savings and transform the economy, Finance Minister Iipumbu Shiimi said Monday evening.<\/p>\n

According to Shiimi, the country will invest in equities as well as overseas shares. \u201cThe investment return that you can get on shares and equities are much higher than from other money market instruments,\u201d Shiimi said. The SWF will have a short-term and a long-term fund.<\/p>\n

\u201cThe objective for the (short-term) stabilization fund will be liquidity. The risks we take will be very low,\u201d Shiimi said, adding that the underlying assets will be interest-bearing assets, treasuries, bonds, and similar money market investments.<\/p>\n

According to him, the intergenerational wealth fund will have a balanced mandate where 70 percent of the assets bought are risky assets such as equities while the rest are fixed-income assets, real estate, and private equity.<\/p>\n

Shiimi said about 2.5 percent of the intergenerational fund will be invested in infrastructure projects with socio-economic benefits for future generations.<\/p>\n

Shiimi said the fund will be set up with financing from savings, proceeds from the green renewable sector, mining royalties, fishing quotas, divestiture of state-owned enterprises as well as Southern African Customs Union receipts.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Namibia plans to set up a sovereign wealth fund (SWF) before the end of the year to secure the country\u2019s future savings and transform the economy, Finance Minister Iipumbu Shiimi said Monday evening. According to Shiimi, the country will invest in equities as well as overseas shares. \u201cThe investment return that you […]<\/p>\n","protected":false},"author":84,"featured_media":4226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,838,233,2012],"class_list":["post-4227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-minister","tag-namibia","tag-sovereign"],"yoast_head":"\nNamibia to set up sovereign wealth fund before year end: minister - Namibia<\/title>\n<meta name=\"description\" content=\"Namibia plans to set up a sovereign wealth fund (SWF) before the end of the year to secure the country\u2019s future savings ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia to set up sovereign wealth fund before year end: minister\" \/>\n<meta property=\"og:description\" content=\"Namibia plans to set up a sovereign wealth fund (SWF) before the end of the year to secure the country\u2019s future savings ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-28T14:32:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-28T14:59:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/10\/img-617abaaf4b339.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"437\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia to set up sovereign wealth fund before year end: minister\",\"datePublished\":\"2021-10-28T14:32:46+00:00\",\"dateModified\":\"2021-10-28T14:59:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\"},\"wordCount\":228,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/10\/img-617abaaf4b339.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"minister\",\"namibia\",\"sovereign\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-to-set-up-sovereign-wealth-fund-before-year-end-minister\",\"name\":\"Namibia to set up sovereign wealth fund before year end: minister - 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