{"id":77865,"date":"2022-05-12T16:52:38","date_gmt":"2022-05-12T13:52:38","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=77865"},"modified":"2022-05-12T16:52:38","modified_gmt":"2022-05-12T13:52:38","slug":"namibia-launches-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2022\/05\/namibia-launches-sovereign-wealth-fund\/","title":{"rendered":"Namibia launches sovereign wealth fund"},"content":{"rendered":"<p><strong>WINDHOEK, Namibia, May 12 -Namibia on Thursday launched a sovereign wealth fund that will promote intergenerational prosperity for all Namibians by ensuring that the distribution of benefits flowing from exploiting the country&#8217;s natural resource endowments is shared across generations.<\/strong><\/p>\n<p>Speaking at the launch, President Hage Geingob said the country is taking concrete actions to herald a new era for Namibians.<\/p>\n<p>&#8220;We would like to put aside a portion of the revenue we collect from the present exploitation of mineral resources for future generations of Namibians to also enjoy the fruits of the resource endowment of their country, &#8220;he said.<\/p>\n<p>The fund will be split into two, the Intergenerational and Stabilization accounts which will be financed with proceeds from the renewable energy industry, mining royalties, fishing quotas and the sale of state-owned assets.<\/p>\n<p>&#8220;The second objective of the Fund, which will be served by the Stabilisation Account, is fiscal and official reserve stabilization,&#8221; he said.<\/p>\n<p>He said Namibia is also establishing the Welwitschia Fund which will serve as an automatic shock absorber and enable the country to maintain stable expenditure patterns over time<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WINDHOEK, Namibia, May 12 -Namibia on Thursday launched a sovereign wealth fund that will promote intergenerational prosperity for all Namibians by ensuring that the distribution of benefits flowing from exploiting the country&#8217;s natural resource endowments is shared across generations. Speaking at the launch, President Hage Geingob said the country is taking concrete actions to herald [&hellip;]<\/p>\n","protected":false},"author":13592,"featured_media":75648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1359],"tags":[],"coauthors":[782],"class_list":["post-77865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Namibia launches sovereign wealth fund - Capital Business<\/title>\n<meta name=\"description\" content=\"WINDHOEK, Namibia, May 12 -Namibia on Thursday launched a sovereign wealth fund that will promote intergenerational prosperity for all Namibians by Kenya breaking news | Kenya news today |\" \/>\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.capitalfm.co.ke\/business\/2022\/05\/namibia-launches-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia launches sovereign wealth fund\" \/>\n<meta property=\"og:description\" content=\"WINDHOEK, Namibia, May 12 -Namibia on Thursday launched a sovereign wealth fund that will promote intergenerational prosperity for all Namibians by Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2022\/05\/namibia-launches-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-12T13:52:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2022\/01\/TOURISM-NAMIBIA.png\" \/>\n\t<meta property=\"og:image:width\" content=\"741\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"XINHUA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CapitalFM_Kenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"XINHUA\" \/>\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.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/\"},\"author\":{\"name\":\"XINHUA\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#\\\/schema\\\/person\\\/9cd18d1a1703da423e2b89a7e57fac54\"},\"headline\":\"Namibia launches sovereign wealth fund\",\"datePublished\":\"2022-05-12T13:52:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/\"},\"wordCount\":186,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/files\\\/2022\\\/01\\\/TOURISM-NAMIBIA.png\",\"articleSection\":[\"Africa\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2022\\\/05\\\/namibia-launches-sovereign-wealth-fund\\\/\",\"name\":\"Namibia launches sovereign wealth fund - 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