The Government Institutions Pension Fund (GIPF) says the Erongo region has benefited from over N$551 million in investments from the fund.
The fund, through its corporate social investments, says it has made investments in building supplies, manufacturing, water engineering, medical services, engineering, property development, land servicing, retail shopping, renewable energy, housing and warehousing.
This comes as the GIPF last year invested N$7 million in Walvis Bay-based WinSalt Manufacture (Pty) Ltd, a company that is pioneering the manufacturing of animal nutrition and medicine salt blocks with indigenous ingredients like moringa and the devil’s claw for the agricultural sector.
The Fund has also earned a 30.1% interest in Etosha Fishing Corporation after an investment of over N$27 million.
“Etosha Fisheries is one of the Fund’s success stories and we are delighted to share it,” GIPF’s Chief Executive Officer/ Principal Officer, David Nuyoma said during a tour of its investments in the region.
Home to the iconic Lucky Star canned pilchard, Etosha Fishing also cans Namibian horse mackerel under its own Efuta Maasbanker brand.
““The GIPF is pleased with the success of Etosha Fishing Corporation (Pty) Ltd. And prides itself in creating jobs for over 30 permanent employees and over 440 seasonal employees,” GIPF Board Chairperson Nilian Mulemi said.
“It is heartfelt to see that an investment of this magnitude not only feeds families through job creation but through Corporate Social Responsibility (CSR). The GIPF is delighted to announce that through the Etosha Fisheries CSR feeding scheme, over 2000 children per day are fed, three times a week.”
As of September 2021, the GIPF’s total asset base stood at N$135.4 billion, a growth attributed to its liability-driven strategy.
The Government Institutions Pension Fund is a statutory pension fund that provides guaranteed pension and related benefits to over 101 027 civil servants, and employees of participating employers in Namibia.
