Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund.The fund has an initial injection of N$262 million (US$16 million), but will be boosted by offshore oil resources discovered by TotalEnergies and Shell. It will collect royalties from mineral resources...
Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund.The fund has an initial injection of N$262 million (US$16 million), but will be boosted by offshore oil resources discovered by TotalEnergies and Shell. It will collect royalties from mineral resources...