President Hage Geingob says the fund will protect the country against future economic shocks
Namibia has set up a sovereign wealth fund to serve as a buffer against future economic shocks, President Hage Geingob said on Thursday.
The arid and sparsely populated country has hopes of being the next big frontier for oil after significant offshore finds by TotalEnergies and Shell in February, and plans to develop and export green hydrogen.
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