The Government Institutions Pension Fund (GIPF) on Monday said it has invested over N$177 million in the Hardap Region’s various projects ranging from solar energy, housing and retail property.
The country’s biggest pension fund revealed this when it unveiled a N$90-million investment in the 92,000-square metre Rehoboth Shopping Centre. The investment in the new mall is being done through Old Mutual as the fund manager and the Rehoboth Community Trust as the special purpose vehicles.
“GIPF prides itself in empowering experts in the industry such as Fund Managers and Special Purpose Vehicles to invest in projects nationwide that not only impact GIPF members, but the entire country. The GIPF is proud to have impacted the community of over 29,000 inhabitants with pre and post job creation, increasing value of the properties in surrounding areas of the mall and creating a one-stop-shop experience for the community,” said GIPF General Manager for Marketing and Stakeholder Engagement Edwin Tjiramba.
“The Rehoboth Shopping Centre is unique in the sense that it provides an impeccable shopping experience for the community and also boasts a solar installation on the rooftop of 3,455 solar panels which roughly produce 3,000 kilowatts daily.”
As of 31 March 2022, GIPF had invested over N$5.3 billion in Namibia through unlisted investments.
