Namibia: Pension Funds Could Boost Economy Through Infrastructure Fund
“Investing in scary times” was the theme of an event held by Eos Capital, a private equity manager, in Windhoek on Tuesday. Speaking at the event was the CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), Tanya van Lill, with the key message that pension funds in Namibia can find attractive and safe returns during these times by investing in private equity and infrastructure funds while also helping to stimulate the economy.
Pension fund assets as a percentage of GDP in Namibia is well above the global average, with pension fund assets close to 90 percent of annual GDP at N$290 billion. This is more than double the assets held in the banking sector, estimated at about N$120 billion. Pension funds can thus offer an opportunity to make a real difference in the economy through what they choose to invest in. If they invest even half of their N$290 billion within Namibia, in activities that stimulate the economy, it could assist in pulling Namibia out of its recession.
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