{"id":45805,"date":"2023-05-28T17:18:46","date_gmt":"2023-05-28T17:18:46","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years"},"modified":"2023-05-28T18:43:36","modified_gmt":"2023-05-28T18:43:36","slug":"gipf-invested-n75-billion-in-the-country-over-past-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years","title":{"rendered":"GIPF invested N$75 billion in the country over past years"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE Government Institutions Pension Fund (GIPF) has invested approximately 50% of the fund\u2019s value in Namibia, amounting to around N$75 billion.<\/p>\n

This revelation was made by Prime Minister, Dr Saara Kuugongelwa-Amadhila, who highlighted GIPF as the largest investor in the Namibian economy. Speaking at the recent launch of GIPF\u2019s Strategic Plan for 2023 to 2026, she disclosed that the fund\u2019s assets have grown from a modest N$600 million to a substantial N$153 billion.<\/p>\n

Dr Kuugongelwa-Amadhila also underscored that GIPF disbursed N$20 billion to beneficiaries over the past five years, with these monthly payments being crucial for sustaining their livelihoods. In addition, the fund extends retirement and ancillary benefits to approximately 98,000 civil servants and individuals serving in public institutions.<\/p>\n

\u201cThe Fund acts as a catalyst for economic growth, investing in infrastructure, housing, renewable energy, and other strategic sectors, while delivering financial and social returns to Namibia,\u201d she stated.<\/p>\n

Considering this, she emphasised the importance of the GIPF strategic planning, adding that the strategic focus that the GIPF chooses to set their sights on has a material impact on the country as a whole.<\/p>\n

The Chairperson of the fund, Nillian Mulemi, emphasized GIPF\u2019s commitment to maintaining a member-focused approach. She explained that during the development of the new strategic plan, the fund conducted a comprehensive internal and external assessment. This involved studying and evaluating key source documents that provide relevant context to the Fund, leading to the identification of significant issues that the plan aims to address.<\/p>\n

\u201cOver the next three years, the GIPF will seek to deepen its hold over the areas in which it is excelling in, and strengthen the areas that require renewed focus and emphasis. This will all be done in line with the needs, interests and expectations of the member serving as the central driving factor. Our mandate remains unchanged, our mission remain unchanged, but our vision pivots slightly towards placing our member in the centre of our focus,\u201d she added.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE Government Institutions Pension Fund (GIPF) has invested approximately 50% of the fund\u2019s value in Namibia, amounting to around N$75 billion. This revelation was made by Prime Minister, Dr Saara Kuugongelwa-Amadhila, who highlighted GIPF as the largest investor in the Namibian economy. Speaking at the recent launch of GIPF\u2019s Strategic Plan for […]<\/p>\n","protected":false},"author":84,"featured_media":45804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-45805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGIPF invested N$75 billion in the country over past years - Namibia<\/title>\n<meta name=\"description\" content=\"THE Government Institutions Pension Fund (GIPF) has invested approximately 50% of the fund\u2019s value in Namibia, amounting ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIPF invested N$75 billion in the country over past years\" \/>\n<meta property=\"og:description\" content=\"THE Government Institutions Pension Fund (GIPF) has invested approximately 50% of the fund\u2019s value in Namibia, amounting ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-28T17:18:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-28T18:43:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1685286668.268.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GIPF invested N$75 billion in the country over past years\",\"datePublished\":\"2023-05-28T17:18:46+00:00\",\"dateModified\":\"2023-05-28T18:43:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\"},\"wordCount\":347,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1685286668.268.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-invested-n75-billion-in-the-country-over-past-years\",\"name\":\"GIPF invested N$75 billion in the country over past years - 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