27 Aug 2019
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AUDITOR general Junias Kandjeke says someone should be held accountable for the N$600 million allegedly lost from the public service's pension fund after some loan beneficiaries of the fund did not pay back money they had borrowed.
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27 Aug 2019
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WINDHOEK – The Government Institutions Pension Fund (GIPF) issued a statement late last week saying it has taken note of the pronouncement made on August 21 by the Prosecutor General on the investigation into about N$600 million which was looted from the Development Capital Portfolio (DCP) that was operational between 1995 and 2005.
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27 Aug 2019
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WINDHOEK- Minister of Finance Calle Schlettwein has described the reported loss of around N$600 million in cash belonging to Government Institutions Pension Fund (GIPF) members, as “a sad day for Namibia”.
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24 Aug 2019
THE Government Institutions Pension Fund has said its chief executive officer, David Nuyoma, will meet the prosecutor general to understand how her office concluded that some N$600 million in pensioners' money that the pension fund lent to start-up businesses between 1995 and 2005 was lost and would not be recovered.
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24 Aug 2019
FINANCE minister Calle Schlettwein said it's a sad day for Namibia that N$600 million from the state pension fund is reportedly lost.
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23 Aug 2019
An emotionally-charged Prosecutor General, Martha Imalwa, has moved to dispel the widely-held belief that she is in the pocket of politicians.
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22 Aug 2019
PROSECUTOR general Martha Imalwa declined to prosecute on 18 out of 20 dockets investigated in the N$600 million allegedly lost from the Government Institutions Pension Fund (GIPF).
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22 Aug 2019
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WINDHOEK – Prosecutor General (PG) Martha Imalwa yesterday confirmed that one person – whose identity she withheld – has been charged under the Insolvency Act and also with fraud into the missing millions of the Government Institutions Pension Fund (GIPF).
Home \ Front Page News \ One person charged in GIPF debacle
One person charged in GIPF debacle
? Kuzeeko Tjitemisa ? Front Page News ? Khomas
? 2019-08-22 07:59:00 1 days ago
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22 Aug 2019
WINDHOEK – Prosecutor General (PG) Martha Imalwa yesterday confirmed that one person – whose identity she withheld – has been charged under the Insolvency Act and also with fraud into the missing millions of the Government Institutions Pension Fund (GIPF).
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22 Aug 2019
Opposition parties and other commentators have called for the head of the country's top prosecutor.This follows Prosecutor-General Martha Imalwa revealing on Wednesday that there was no hope of recovering the over N$600 million lost in the Government Institutions Pension Fund (GIPF) scandal
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21 Aug 2019
Any hopes of Namibia recovering the over N$600 million lost in the Government Institutions Pension Fund (GIPF) scandal have been dashed. Prosecutor-General Martha Imalwa confirmed yesterday the money lost two decades ago was unrecoverable and has been lost to the country for good.
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14 Aug 2019
The Government Institutions Pension Fund of Namibia is not backing down from a bid to sue Steinhoff for losses stemming from investments made in the company.
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09 Aug 2019
THE Government Institutions Pensions Fund is seeking to develop a new strategy to guide the fund on how to invest part of their N$120 billion assets.
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09 Aug 2019
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed that it will embark on an extensive Financial Literacy Campaign, which will run from August 05, 2019 to August 30, 2019.
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01 Aug 2019
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THE Government Institutions Pension Fund has investments of N$44 billion in Namibia, chief executive officer David Nuyoma says.
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12 Jul 2019
POPULAR Democratic Movement member of parliament Elma Dienda and Swapo party chief whip and MP Evelyn !Nawases-Taeyele were at loggerheads in the National Assembly on Tuesday over the Government Institutions Pension Fund (GIPF) benefits for spouses and their children.
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11 Jul 2019
WINDHOEK - The Government Institutions Pension Fund (GIPF) says it has set aside N$1.5 billion in reserves to make provision for any inaccuracies with the current data set.
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24 Jun 2019
DEPUTY trade minister Lucia Iipumbu has advised civil servants to keep their pensions with the Government Institutions Pension Fund because it is state-guaranteed.
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17 Jun 2019
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned subsidiary of the GIPF as of 01 June 2019. Kuleni Fund Administrators was established to provide retirement fund administration services in the open market. It has also established a Preservation Fund, an Umbrella Fund and a Dependents Trust.
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15 Jun 2019
The Government Institutions Pension Fund (GIPF) has announced the appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned subsidiary of the GIPF as of 01 June 2019.
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07 Jun 2019
The Government Institutions Pension Fund (GIPF) says it has embarked on Business Process Improvement (BPI) project, which aims to improve efficiency in its operations.
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06 Jun 2019
THE Government Institutions Pension Fund improved its market value by N$6,6 billion, up N$117 billion during the 2018/19 financial year compared to N$110,4 billion seen during the 2017/18 financial year.
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05 Jun 2019
The Government Institutions Pension Fund (GIPF) hosted the second regional stakeholders’ consultative meeting in Opuwo on May 23, under the theme ‘Global Excellence’. The meeting was initiated to engage and inform the fund’s members in the region on GIPF strategic initiatives, developments, processes, and deliberate on challenges members in the Kunene Region are facing. The consultative meeting was also necessitated by the outcry for more accessible GIPF services in Kunene.
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25 May 2019
STAFF REPORTER
The Government Institutions Pension Fund (GIPF) will once again take part at this year’s Ondangwa Trade and Industrial Exhibition (OTIE) as part of its stakeholder engagement outreach programme.
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10 May 2019
DOMESTIC investment regulations and the dominance of state debt on the local market compelled the Government Institutions Pension Fund (GIPF) to take up more government debt over the past years.
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03 May 2019
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The Government Institutions Pension Fund (GIPF) is planning to invest N$7.2 billion locally to achieve the 45 percent domestic asset requirement as mandated by the Namibia Financial Institutions Supervisory Authority’s (NAMFISA) regulation 13.
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18 Apr 2019
The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Desmond Nikanor as its Strategy and Projects Manager. Nikanor’s appointment is effective as of 01 April 2019.
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18 Apr 2019
The changing business environment has forced the Government Institutions Pension Fund (GIPF) to review its actuarial valuation policy which requires that it be conducted every 18 months to three years, as part of efforts to mitigate any potential risk the fund might face.
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04 Apr 2019
THE Government Institutions Pension Fund (GIPF) on Tuesday announced a 5% pension benefit increase for all its pensioners. The increase was effective 1 April 2019.
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25 Mar 2019
THE Government Institutions Pension Fund is suing the South African company, Steinhoff Holdings International, for possible losses of around N$700 million invested in the company since 2014.
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15 Mar 2019
THE Government Institutions Pension Fund has called for the verification of the status of recipients of monthly pension benefits, as well as the registration of new beneficiaries on their biometric system.
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15 Mar 2019
Ananias Newaka Nashilundo is a social services consultant and public health officer at the Government Institutions Pension Fund (GIPF). Nashilundo started working at GIPF on 21 September in 2009.
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14 Mar 2019
WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all annuitants such as pensioners, children and spouses that receive a monthly pension benefit from GIPF to visit their nearest GIPF office to register for Biometrics.
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28 Feb 2019
THE Government Institutions Pension Fund (GIPF) has invested N$17,4 million in housing aimed at low and medium income groups at Eenhana in the Ohangwena region.
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28 Feb 2019
The Government Institutions Pension Fund (GIPF) has invested N$17.4 million in housing aimed at low- and medium- income groups at Eenhana in the Ohangwena region.According to the regional governor, Usko Nghaamwa, the housing development in Extension 6 will consist of 271 houses and will greatly...
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28 Feb 2019
The Government Institutions Pension Fund (GIPF) has officially opened its satellite office at Eenhana to serve members in the Ohangwena Region.This ensures that GIPF members in the region will no longer have to travel long distances to Ondangwa and Oshakati
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27 Feb 2019
WINDHOEK - The Government Institutions Pension Fund (GIPF) yesterday officially opened its branch in Eenhana, situated in Onawa complex, Tobias Harelbeke Street. The opening of the branch was necessitated by the outcry for more accessible services in the Ohangwena Region and it is aligned to the Fund’s overall corporate strategy.
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19 Feb 2019
The Government Institutions Pension Fund is confident that its investment in housing will succeed. The GIPF has invested N$1.38 billion in housing projects, N$600 million in financing for affordable housing and N$779 million in financing housing for all income groups.
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08 Feb 2019
Robyn Nakaambo was born in Oshakati and raised in Windhoek and Bloemfontein.She holds a double major degree in media (public relations) and industrial psychology, which she obtained at the University of Namibia (Unam). Nakaambo is a communications officer for external stakeholders at Government Institutions Pension Fund (GIPF).
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07 Feb 2019
THE Government Institutions Pension Fund (GIPF) has nominated I-Ben Nashandi to sit on the First National Bank of Namibia's board of directors.
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07 Feb 2019
THE Government Institutions Pension Fund (GIPF) has nominated I-Ben Nashandi to sit on the First National Bank of Namibia's board of directors.
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06 Feb 2019
THE Government Institutions Pension Fund is appealing to all its members to update the identity details of beneficiaries on the nomination forms to ensure that the forms have the correct information.
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31 Jan 2019
The Government Institutions Pension Fund (GIPF) has urged all members to visit their Human Resource officers from their respective institutions, to update their Beneficiary Nomination forms. Members must ensure that the names and date of births of their dependants (beneficiaries) and nominees accurately appear on the forms as they reflect on their national documents.
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23 Jan 2019
The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Morna Ikosa as its new Communications and Stakeholder Engagement manager.
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31 Oct 2018
THE Government Institutions Pension Fund wants to invest about 45% of its total assets in the local infrastructure market by March 2019, the fund's chief executive officer, David Nuyoma said yesterday.
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31 Oct 2018
WINDHOEK - The turnaround strategies deployed by Government Institutions Pension Fund (GIPF) over the past five years were highly successful and have shown that with the right combination of factors, organisations can meet challenges head on, CEO David Nuyoma said yesterday.
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25 Sep 2018
HANGALA Prescient, which was launched roughly two weeks ago, is set to continue driving investment management activities in both the listed and unlisted asset management markets in Namibia.
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29 Jun 2018
Welcoming Remarks by Mr David Nuyoma, Ceo Of Gipf, During the Annual
Stakeholders’ Consultative Meeting Held at Nampower Convention Centre
On The 28 June 2018
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29 Jun 2018
Remarks by Goms Menette, The Chairman of the GIPF Board of Trustees During
The Annual Stakeholders’ Consultative Meeting Held at Nampower
Conventio Centre On 28 June 2018
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22 Jun 2018
When David Nuyoma was appointed the Chief Executive Officer at the Government Institutions Pension Fund (GIPF) in 2013, the Fund was worth about N$58 billion. Today, GIPF’s assets under management GIPF has grown to about N$113 billion as at the end of April 2018 and the Fund is by far the most significant player in terms of Namibia’s Gross Domestic Product (GDP).
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22 Jun 2018
During the last nine months, the Government Institutions Pension Fund (GIPF) has made 25 investments in the domestic economy, which in total is worth about N$485 million. Now, CEO of the fund, David Nuyoma, has expressed interest in increasing the local investments as well as fully delving into infrastructure investment to provide much-needed stimulation of the local economy.
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28 Apr 2018
A groundbreaking ceremony by the City of Windhoek yesterday marked the start of the Rocky Crest Extension 4 development, under which 300 houses will be constructed.
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26 Apr 2018
The Government Institutions Pension Fund (GIPF) has embarked on a massive members outreach programme this year. “GIPF regards stakeholder engagement as a key aspect of its business strategy and as such we are therefore very pleased to announce and inform all our members and the general public about our upcoming activities and engagements,” the pension company says. “It is our duty to make sure that our members and the general public are informed and well educated about our roles and responsibili
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28 Mar 2018
The Government Institutions Pension Fund (GIPF) has been following with interest the recent reports and developments surrounding the MTC Shares in the local media and wishes to provide some clarity on this matter especially as it relates to the Fund’s involvement in the purchasing of these shares.
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28 Mar 2018
This means that the GIPF will pay out roughly N$115,8 million monthly to 35 081 pensioners in 2018/19. Annually, the GIPF will pay out N$1,4 billion.
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19 Feb 2018
THE Government Institutions Pension Fund (GIPF) plans to prioritise service delivery premised on efficiency and effectiveness, its chief executive officer, David Nuyoma has said.
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16 Feb 2018
The Government Institutions Pension Fund (GIPF) opened a regional office in Outapi, in the Omusati region, this week. GIPF chairman, Goms Menette, officiated at the event.
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16 Feb 2018
THE recent opening of a new Government Institutions Pension Fund (GIPF) office in Outapi in the Omusati region will save fund members the trouble of travelling 90 kilometres to the nearest GIPF office in Oshakati.
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13 Jun 2017
The Government Institutions Pension Fund (GIPF) is a defined benefits pension fund that provides guaranteed pension benefits to its members.
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31 May 2017
The Government Institutions Pension Fund (GIPF) has invested in Customer Relationship Management (CRM) software and solutions that is expected to greatly enhance the institution’s customer service experience.
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31 May 2017
GOMS Menette, the chairperson of the Government Institutions Pension Fund (GIPF), yesterday denied that they had come to government's rescue with the purchase of multibillion-dollar bonds recently.
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16 May 2017
FOLLOWING the succesful finalisation of a transaction that sees the Government Institutions Pension Fund's transfer of the 25% shares they acquired in the Capricorn Group, the fund is now entitled to appoint two directors to the board of Capricorn Group.
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15 May 2017
The Government Institutions Pension Fund (GIPF), the largest institutional investor in Namibia, will fork out over N$2 billion to acquire a 25 percent interest in the issued ordinary shares of Capricorn Investment Group (CIG) Limited.
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05 Apr 2017
At its meeting held on the 30th March 2017 the GIPF board of Trustees approved a pension increase of 7.0% for its pensioners effective 01 April 2017.
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24 Mar 2017
We are pleased to announce that the Government Institutions Pension Fund (‘GIPF’), the largest institutional investor in Namibia, has made a successful bid to acquire a 25% interest in the issued ordinary shares of Capricorn Investment Group Limited
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27 Jan 2017
The Government Insitutions Pension Fund (GIPF) this week launched their new refurbished client services area to the public and opened their B1 City Satelite office situated at the B1 highway shopping centre.
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