The Bank of Namibia and the Ministry of Finance will officially launch Namibia’s Sovereign Wealth Fund on 12 May 2022. The Welwitschia Fund is set to become one of Africa’s newest sovereign wealth funds and will be administered by the Bank of Namibia. Namibia’s Sovereign Wealth Fund will have a balanced mandate where 70% of the assets bought are risky assets such as equities while the rest are fixed income assets, real estate, and private equity. About 2.5% of the inter-generational fund will be invested in infrastructure projects with socio-economic benefits for future generations.