insert_link Business / Economics Weekly Economics Wrap: 18-July 25, 2024 Namibia Pension-Backed Housing Loans: The Government Institutions Pension Fund (GIPF) is advancing plans for a pension-backed housing loan scheme. The initiative will leverage its subsidiary Kuleni Financial Services and housing loan fund manager First Capital Treasury Solutions. A Memorandum of Agreement is under review by the Office of the Prime Minister, as reported by The Brief. Coastal Desalination Project: NamWater and Husab Mine are set to achieve financial closure […] today25 July, 2024
insert_link Business / Economics 24 July 2024 Morning Biz News: Financial Brief: Key Updates on Pension Schemes, Currency Movements, and Commodities GIPF’s Pension-Backed Housing Loan Scheme Gathers Momentum The Government Institutions Pension Fund (GIPF) is poised to enhance its financial offerings with an innovative pension-backed housing loan scheme. This initiative will be facilitated through GIPF’s subsidiary, Kuleni Financial Services, and housing loan fund manager, First Capital Treasury Solutions. The Memorandum of Agreement (MoA) for the scheme is currently under review by the Office of the Prime Minister, as reported by The […] today24 July, 2024
insert_link Namibia GIPF Holds Millions in Unclaimed Benefits And Urges Members to Claim Funds The Government Institutions Pension Fund has revealed that it currently possesses "millions" in unclaimed benefits intended for members who have departed from the fund and no longer hold employment. GIPF reports that around 176 members still need to collect their benefits, which are categorized as "unclaimed" under the fund's regulations. Edwin Tjiramba- GIPF's spokesperson. today19 June, 2024
insert_link Local Unclaimed benefits for 176 GIPF members: an urgent call to action The Government Institutions Pension Fund (GIPF) provides various benefits to its members, such as Normal Retirement, Early Retirement, Resignation (also applicable to dismissals), Retrenchment, Disability benefit, Ill-Health Retirement, Death, and Funeral benefits. These benefits are due when a member is no longer employed and exits the Fund. Currently the GIPF holds millions in what is referred to as unclaimed benefits. Every staff member of a participating […] today18 June, 2024
insert_link Local GIPF hosts pre-retirement workshop for Windhoek based members The Government Institutions Pension Fund (GIPF) is hosting a three-day pre-retirement workshop for its Windhoek based members. The workshop is taking place from 14 to 16 May 2024 at the Namibian Institute of Public Administration and Management (NIPAM). GIPF members may attend the workshop on one of the three days between 08h00 and 16h00. The targeted member engagement provides an opportunity for all GIPF members aged between […] today15 May, 2024
insert_link Namibia Government Institutions Pension Fund increases pension and disability income benefits The Government Institutions Pension Fund announced pension and disability income benefits increases. The Board of Trustees took this decision after a thorough actuarial due diligence process and in consideration of various factors such as the inflation rate, cost of living, reasonable benefit expectations of its active annuitants, affordability on the part of the Fund and the average annual return over the last five years, as well as the current and […] today29 April, 2024
insert_link Business / Economics 12 April 2024 Morning Biz News: GIPF’s ESG Investments, WeBuyCars IPO, Oil Price Surge, and Currency & Commodity Updates GIPF Ventures into ESG Investments: The Government Institutions Pension Fund (GIPF) is diversifying its investment portfolio by exploring opportunities in Environmental, Social, and Governance (ESG) sectors. With a focus on sustainable development, GIPF aims to collaborate with fund managers whose policies align with ESG principles. Targeting initiatives like SDG Namibia One and green climate fund managers, GIPF emphasizes its commitment to responsible investing. WeBuyCars Makes Splash on JSE: South African […] today12 April, 2024
insert_link Local GIPF hosts responsible investment symposium. The Government Institutions Pension Fund (GIPF) is hosting a Responsible Investment Symposium (RIS) on 11 and 12 April 2024 in Windhoek. This unique event is dedicated to challenging thinking, broadening horizons, and engaging in honest debate about the relevance and practical impacts of the Responsible Investment and Environmental, Social and Governance (ESG) landscape and the Fund’s shared mandates. Leading partners, policymakers, investors, and expert specialists discuss pertinent issues […] today11 April, 2024
Local GIPF embarks on regional stakeholder engagement forums The Government Institutions Pension Fund (GIPF) undertook a Regional Stakeholder Engagement Forum to enhance member education initiatives. The targeted member engagement platform provided information on topical Fund related issues such as an overview of the Fund’s rules and procedures, admissions to the Fund, benefit statement enquiries, GIPF complaints handing processes, income tax and pension and financial literacy. The forum hosted on 6 March 2024 at the Blue Whale Hotel in […] today8 March, 2024
