insert_link Business / Economics 15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […] todayAugust 15, 2024 13
insert_link Namibia President Mbumba Reports Growth of Welwitschia Sovereign Wealth Fund Investments President Nangolo Mbumba announced during his inaugural State of the Nation Address in the National Assembly that the Welwitschia Sovereign Wealth Fund has seen a significant increase in investment returns. Established in 2022, the fund's initial seed capital of N$262 million has grown to N$ 425 million under Mbumba's leadership. Highlighting Namibia's progress in various areas, Mbumba noted significant advancements in fiscal discipline, the exploration of new economic opportunities, and […] todayMarch 15, 2024 33
