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GIPF celebrates 30 years of service

GIPF celebrates 30 years of service

Eba Kandovazu

THE Government Institutions Pension Fund (GIPF) this week celebrated its 30th anniversary by conducting a consultative meeting at Keetmanshoop.

Currently, the fund stands at a client base of over 145 000 in the form of active members and annuitants. At the event, the Chairman of the GIPF board, Goms Menette, applauded the fund for its consistency in service delivery, citing that no region is without a GIPF office. 

INCREASING FOOTPRINT: Goms Menette. Photo: Contributed

“Amidst our efforts to cater to all our members in the \\Kharas Region, we have heard the outcry to increase our footprint in this region, with a satellite office to cater to the growing number of members. I would like to assure you that your outcry has indeed been heard and we are working on an amicable solution to resolve this problem. As Chairman of the Fund, I take personal pride in knowing that we have to date invested N$315 million in this region on projects ranging from housing, shopping mall and renewable energy. GIPF has invested in the 5MW photovoltaic solar plant, the land servicing and housing at Tseiblaagte and Kronlein, the Onghoshi Housing project and the Rooftop Shopping mall,” Menette said.

According to him, NAMPRO Fund, one of the unlisted companies under GIPF’s management, has enabled 7 small medium enterprises in the \\Kharas Region to embark on projects amounting to N$138 million through other unlisted companies.

He added that GIPF financed 105 loans in the region, valued at N$ 42.9 million, all for housing purposes in the Kronlein and Tseiblaagte townships.

Projects that GIPF is involved in range from procurement Financing, housing Finance, SME Power Loans, solar PV Plant and Rooftop shopping mall.

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