President Netumbo Nandi-Ndaitwah expressed concern that reportedly disappearing funds at the Government Institutions Pension Fund and losses at the Bank of Namibia "smell of corruption" and called for investigation. She emphasized that fighting corruption is a collective responsibility for all Namibians and must be treated as seriously as treason.
President Netumbo Nandi-Ndaitwah expressed concern that reportedly disappearing funds at the Government Institutions Pension Fund and losses at the Bank of Namibia "smell of corruption" and called for investigation. She emphasized that fighting corruption is a collective responsibility for all Namibians and must be treated as seriously as treason.
The Government Institutions Pension Fund held a media workshop in partnership with the Witwatersrand Centre for Journalism to help journalists turn complex financial data into clear stories for the public. GIPF Chief Executive Martin Inkumbi said the goal was to help journalists better understand and explain financial information to build trust and transparency with the fund's members and the public.
The Government Institutions Pension Fund has approved a 5% increase in monthly pension benefits for all pensioners and qualifying beneficiaries effective 1 April 2026, citing the fund's strong financial position and the need to protect members against rising living costs including food, fuel, housing and healthcare.
FirstRand Namibia has appointed Conville Britz as a non-executive director effective 1 April, in accordance with NSX listing requirements. Britz, currently general manager for strategy and projects at the Government Institutions Pension Fund, brings experience in strategy and institutional investment to the board.
Oryx Properties is launching an unlisted property fund valued at N$8–10 billion, with the Government Institutions Pension Fund as anchor investor, designed to address liquidity constraints in Namibia's unlisted property market and create a pipeline for assets into its listed platform.
Old Mutual Investment Group Namibia has joined government and private partners to launch the Mariental Extension 6 Affordable Housing Development, which will deliver 311 serviced residential plots with 87 already completed. The project, officially launched by Vice President Lucia Witbooi, aims to ease pressure on housing demand in the town and is supported by the Tunga Fund, developers, and end-user financiers.
Old Mutual Investment Group has committed N$12.75 million to the Mariental Extension 6 Affordable Housing Development in Hardap region, which includes servicing of 311 residential plots with 87 already completed. The project aims to expand access to affordable, serviced housing and contributes to job creation and community stability in the town.
Vice President Lucia Witbooi launched the Government Institutions Pension Fund (GIPF) pension-backed home loan scheme in Mariental, allowing GIPF members to access pension savings for acquiring, building, or improving homes, including in rural areas. The scheme is intended to address Namibia's housing backlog and support inclusive development, with Mariental Extension 6 featuring 311 planned affordable houses in the Hardap region.
Swapo MP Marius Sheya has called for executive directors in government ministries and agencies to be subpoenaed and held accountable for failing to implement the national budget, arguing that Parliament must take its oversight mandate seriously and prevent government resources from being misallocated.
Vice President Lucia Witbooi officially launched the Government Institutions Pension Fund (GIPF) Pension-Backed Home Loan Scheme in Mariental, allowing active pension fund members to access a portion of their savings to acquire, build, or improve homes, including in unproclaimed rural areas. The initiative aims to reduce the national housing backlog, stimulate the construction sector, and create employment opportunities.