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GIPF invests N$306m in the Oshana region

October 02, 2022

The Government Institutions Pension Fund (GIPF) has invested over N$ 306 million in the Oshana region of which over N$110 million is invested in Ondangwa through land servicing and construction.

This comes as the fund has procured land for the construction of a new N$38.3 million office complex at Ondangwa in the Oshana Region.

“The new facility will provide adequate space for our staff and GIPF members, and we anticipate that when the office is fully developed it will also have additional offices that will be up for rental which we foresee as a further investment in the development of Ondangwa,” GIPF CEO David Nuyoma said, adding the construction was “part of the GIPF`s strategy to ensure that the Fund responds to the plea by our members for a conducive and adequate office space environment. We believe that this intervention will immensely improve our service delivery.”

Chair of the GIPF Board of Trustees, Nilian Mulemi said the investment by the country’s biggest fund was in line with its member centric outreach strategy.

“The GIPF has adopted a member centric outreach strategy that focuses on ensuring the accessibility of GIPF services at the convenience of our members. The Fund therefore makes efforts towards decentralizing its operations with the aim to make services accessible to all members. In an attempt to ensure the Fund delivers GIPF services in a conducive environment to the members in Ondangwa and surrounding areas, the Fund took a strategic decision to acquire its own office complex in the town of Ondangwa to attend to the growing number of members in this area.”

Notable project investments made by the GIPF in the region include the Gwashamba Mall and the landmark Ongwediva MediPark Private Hospital and numerous land servicing projects.

The GIPF offers pension and ancillary benefits to employees of government, parastatals and local authorities and has a membership base that stands close to 146,000 members (active and annuitants) countrywide.

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Last modified on Monday, 03 October 2022 20:35