insert_link Namibia Business Expert Warns of Risks in Pension-Backed Home Loans. Business Expert Josef Sheehama has cautioned that pension-backed home loans, though a creative solution, may not solve affordability challenges and could endanger retirement savings if borrowers default. He suggested the government directly settle creditors while ensuring employees retain a portion of funds for financial security. today13 October, 2025
insert_link Namibia Trade union to engage Prime Minister over pension-backed home loan scheme Windhoek, 9 July 2025 – The Trade Union Congress of Namibia (TUCNA) has expressed serious concerns about the Government Institutions Pension Fund’s (GIPF) newly launched Pension-Backed Home Loan Scheme, scheduled to be rolled out via two intermediaries—Capital Housing Scheme and Kuleni Financial Services. TUCNA Secretary-General Mahongora Kavihuha warns that this restrictive approach could concentrate wealth in a few hands and deprive workers of full benefits. Last month, GIPF confirmed the scheme […] today9 July, 2025
insert_link Namibia Pension-backed housing scheme targets civil servants The government has approved a Pension-Backed Home Loan scheme allowing civil servants to use a portion of their pension savings as collateral for affordable housing loans, Finance Minister Ericah Shafudah announced in Parliament yesterday. Under amendments to the Pension Funds Act 24 of 1956, members of the Government Institutions Pension Fund (GIPF) may access loans to purchase residential property or land, construct or renovate homes, settle existing mortgages, or improve […] today26 June, 2025
