PM urges GIPF to invest more funds domestically
Prime Minister Elijah Ngurare has called on the Government Institutions Pension Fund to invest more of its funds in Namibia to protect its reputation, citing past investment losses outside the country that have damaged public confidence. The GIPF reported an impairment loss of N$815 million from a South African investment in November and faced earlier concerns about untraceable losses exceeding N$600 million.
PM presses GIPF to invest pension funds domestically after past losses from offshore investments damaged public confidence in the fund.
13 June 2026 · The Namibian →