Namibia: Development Bank Plans Private Equity Fund

Windhoek — The Development Bank of Namibia plans to set up a Private Equity Fund with one of the local financial services group, CEO David Nuyoma has disclosed to the Economist. "This has already been approved by the board and we are just waiting to sign a number of agreements," Nuyoma said this week in an exclusive interview.

He said the bank has opted to launch the fund with the unnamed financial services group to bring in skills required to manage the fund.

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