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English.MakaluKhabar.com Nepal News Khabarhub
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Started 14 hours ago · Updated 14 hours ago

Nepal to establish 'Matribhumi Fund' for AI and fuel storage, divest Nepal Telecom shares

Photo · english.nepalnews.com

Nepal's Finance Minister Swarnim Wagle announced the establishment of a sovereign 'Matribhumi Fund' to finance strategic projects, including AI factories and a three-month fuel reserve. The government also plans to divest 34% of its shares in Nepal Telecom to the public, retaining a 66% controlling stake, with proceeds intended for developing Nepal as a technology hub.

  • The 'Matribhumi Fund' will support mega-infrastructure initiatives and scaling up national fuel storage capacity.
  • The divestment of Nepal Telecom shares is expected to be completed by mid-January 2027 (Poush).
  • Proceeds from the Nepal Telecom share sale will be specifically directed towards developing Nepal as a regional technology hub.
  • The government also announced plans to integrate public services into the Nagarik App and promote AI adoption and innovation.

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Swarnim Wagle Nagarik App Federal Parliament Matribhumi Fund Nepal Telecom

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