CHAMWE KAIRA
The Government Institutions Pension Fund (GIPF) total assets stand at about N$223 billion, with its investments also supporting housing, energy, agriculture and other development projects across Namibia.
Prime minister Elijah Ngurare disclosed the figure during the official inauguration of the GIPF’s new regional office in Ondangwa, describing the facility as an example of decentralised service delivery and government’s commitment to strengthening public institutions.
The new office represents an investment of approximately N$99.4 million and is intended to improve access to pension services for members, pensioners, annuitants, beneficiaries and other stakeholders in northern Namibia.
The construction of the facility created 42 employment opportunities, while further jobs are expected to be generated through operational support services.
The GIPF serves about 115 000 active members and provides income security to approximately 58 400 pensioners and annuitants nationwide.
The Fund has invested more than N$466 million in the Oshana region, covering areas including housing, education, energy and procurement financing.
GIPF investments have supported the servicing of 5 014 plots and facilitated the delivery of 7 793 houses, while contributing to about 11 650 jobs through housing, land servicing and related development projects as at the end of the previous financial year.
The Fund has also invested N$2.7 billion in renewable energy projects during the past financial year. These investments contributed 162.75 megawatts to Namibia’s electricity generation capacity.
A further N$665 million was invested in agribusinesses supporting food security, rural development and employment creation.
GIPF Board of Trustees chairperson Penda Ithindi said the Fund launched the Pension-Backed Home Loan Scheme (PBHLS) in January 2026 to improve access to housing finance for active members.
Under the scheme, eligible members can use a portion of their accumulated pension savings as collateral to secure financing for serviced erven, new homes, home construction, or renovations and extensions of existing properties.
Ithindi said the scheme is available to members in both urban and rural areas and is intended to support homeownership and housing development while contributing to efforts to address Namibia’s housing deficit.
