• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Property

GIPF invests N$1.5 billion in affordable housing

by editor
April 2, 2025
in Property
8
A A
550
SHARES
9.2k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Government Institutions Pension Fund (GIPF) says it invested N$1.58 billion in affordable housing and N$1.5 billion in mortgage financing over the past five years.

You might also like

Household debt rises by N$109m in April, driven by mortgage growth

Windhoek building plans plunge by 87% in April

Swakopmund leads building completions worth N$86.8 million in March

This has resulted in the construction of 7,840 houses and the servicing of 5,884 land plots across Namibia.

These investments form part of the N$9 billion injected into the Namibian economy through various projects and sectors.

GIPF has allocated significant funding across multiple funds and initiatives, including Preferred Management Services (Pty) Ltd with N$3.235 million, International Housing Solution with N$2.049 million, and Konigstein Affordable Housing Fund with N$1.458 million.

It has also allocated funding towards the Konigstein Capital Property Investment Fund with N$918 million and OMIG Tunga Real Estate Fund with N$180 million.

GIPF Chairperson Penda Ithindi emphasised the Fund’s commitment to addressing Namibia’s housing needs.

“Housing is a critical area of intervention for Namibia. The figures from the National Census highlight the significant demand in the housing sector. The Fund is making an impact, despite constraints in land servicing that limit housing development,” he said.

The housing and infrastructure investments have led to significant job creation, with thousands of employment opportunities generated.

According to the GIPF integrated annual report for the year ended March 2024, the breakdown of jobs created includes 2,037 jobs from the Konigstein Capital Property Investment Fund.

“589 jobs from the Konigstein Affordable Housing Fund, 229 jobs from the Ino Harith Namibia Infrastructure Fund, 637 jobs from Preferred Management Services (Pty) Ltd, and 560 jobs from International Housing Solution,” GIPF noted.

Land servicing has been another major focus, with Preferred Management Services (Pty) Ltd servicing 4,077 units, Ino Harith Namibia Infrastructure Fund 910 units, Konigstein Capital Property Investment Fund 433 units, OMIG Tunga Real Estate Fund 323 units, and Konigstein Affordable Housing Fund 141 units.

Regional distribution of investments in land servicing includes N$155 million in Erongo, N$137 million in Oshana, N$97 million in Zambezi, N$79 million in Omusati, N$68 million in Hardap, N$56 million in Kavango, and N$46 million in Karas. 

Additionally, N$38 million in Oshikoto, N$33 million in Omaheke, N$15 million in Ohangwena, N$10 million in Kunene, and N$4 million in Rundu.

“The Fund’s investments are spread across different regions, ensuring equitable development and job creation. Although some areas receive larger allocations due to infrastructure needs and population density, no region is left out,” said Ithindi.

He added that GIPF’s investments align with national housing objectives and contribute significantly to infrastructure development and economic growth.

“We operate in a space that demands an integrated approach. We invest responsibly and subscribe to the principles of environmental, social, and governance (ESG) compliance,” Ithindi said.

author avatar
editor
See Full Bio
Tags: affordable housingGIPFlow cost housing
Share220Tweet138Share39
Previous Post

City of Windhoek to buy electric buses to ease traffic congestion

Next Post

Namibia’s e-money transactions surge to N$43.7 billion

Recommended For You

Household debt rises by N$109m in April, driven by mortgage growth

by reporter
June 3, 2025
0
Household debt rises by N$109m in April, driven by mortgage growth

Namibia’s household debt increased by N$109 million in April to reach N$68.8 billion, driven mainly by growth in mortgage credit, even as overall consumer borrowing remained restrained due...

Read moreDetails

Windhoek building plans plunge by 87% in April

by editor
May 20, 2025
0
Windhoek building plans plunge by 87% in April

Windhoek recorded an 87% month-on-month decline in the value of approved building plans in April 2025, dropping from N$1 billion in March to just N$145 million, according to...

Read moreDetails

Swakopmund leads building completions worth N$86.8 million in March

by reporter
May 15, 2025
0
Swakopmund leads building completions worth N$86.8 million in March

The Namibia Statistics Agency (NSA) reports that the total value of buildings completed in Namibia surged to N$86.8 million in March 2025, with Swakopmund accounting for the largest...

Read moreDetails

GCR upgrades Oryx Properties’ credit rating

by editor
April 29, 2025
0
GCR upgrades Oryx Properties’ credit rating

Global Credit Ratings (GCR) has upgraded Oryx Properties Limited’s national scale credit rating to BBB+(NA)/A2(NA) with a stable outlook, citing the company’s improved financial metrics and the successful...

Read moreDetails

FNB Collective Buying: A New Path to Property Ownership

by editor
April 28, 2025
0
FNB Collective Buying: A New Path to Property Ownership

In the final episode of The Property Buyers Guide, Justina Hamupembe—aka YourHomeGirl—sits down with Rolandi Van Wyk, FNB Home Loans Growth Manager, to explore FNB’s brand-new home loan solution: Collective Buying....

Read moreDetails
Next Post
Namibia’s e-money transactions surge to N$43.7 billion

Namibia’s e-money transactions surge to N$43.7 billion

Related News

Telecom invests N$25.7m in ICT sector youth training

Telecom invests N$25.7m in ICT sector youth training

July 27, 2023
LEFA completes more than 200k rides, talks expansion

LEFA completes more than 200k rides, talks expansion

March 3, 2023
Namibia ranks 2nd in Africa, 10th globally in gender equality 

Namibia ranks 2nd in Africa, 10th globally in gender equality 

September 2, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.