Nepal plans a Matribhumi Fund for AI factories and a tech hub
Finance Minister Dr Swarnim Wagle has announced a new sovereign fund called the Matribhumi Fund in the budget for fiscal year 2026/27. It will finance big long-term projects, including dedicated AI factories and fuel storage that can last three months.
The government also plans to sell part of its shares in Nepal Telecom to the public while keeping a 66 percent controlling stake. The money raised will help build a modern tech hub and update the country's digital landscape.
Source: Nepal News
Photo: Pexels
#NepalStartups #AI #TechHub #MatribhumiFund #NepalTech
Finance Minister Dr Swarnim Wagle has announced a new sovereign fund called the Matribhumi Fund in the budget for fiscal year 2026/27. It will finance big long-term projects, including dedicated AI factories and fuel storage that can last three months.
The government also plans to sell part of its shares in Nepal Telecom to the public while keeping a 66 percent controlling stake. The money raised will help build a modern tech hub and update the country's digital landscape.
Source: Nepal News
Photo: Pexels
#NepalStartups #AI #TechHub #MatribhumiFund #NepalTech
Nepal plans a Matribhumi Fund for AI factories and a tech hub
Finance Minister Dr Swarnim Wagle has announced a new sovereign fund called the Matribhumi Fund in the budget for fiscal year 2026/27. It will finance big long-term projects, including dedicated AI factories and fuel storage that can last three months.
The government also plans to sell part of its shares in Nepal Telecom to the public while keeping a 66 percent controlling stake. The money raised will help build a modern tech hub and update the country's digital landscape.
Source: Nepal News
Photo: Pexels
#NepalStartups #AI #TechHub #MatribhumiFund #NepalTech
