By: Loise Shiimi
The Government Institutions Pension Fund (GIPF) has committed N$17.2 billion of the pension savings it has collected from public employees to local investment between 2020 and 2025.
Of this total commitment, N$12.8 billion has already been invested, bringing the Fund’s investment in Namibia’s economy to N$92 billion of the Fund’s size of N$183 billion.
This was announced during the GIPF’s launch of the Integrated Annual Report for 2025 in the Oshana Region on Thursday.
Penda Ithindi, GIPF chairperson of the Board of Trustees, indicated that the N$17.2 billion committed as assets under management is for investments in various sectors. These include logistics infrastructure, healthcare, housing, small and medium enterprises (SMEs), education and skills development, agriculture, and information and communication technology.
Thus far, N$2.7 billion of the committed pension savings has been invested in renewable energy projects, enhancing Namibia’s energy generation capacity by adding 162.75 megawatts. Ithindi noted that these projects have provided clean energy to the national grid, benefitting numerous businesses and hundreds of households nationwide from 2020 to 2025.
Domestic asset requirement remains unchanged at 45%, however, the Fund has exceeded this threshold, with 50.6% of assets under management invested locally as of 31 March 2025.
Regarding the Fund’s performance, Ithindi reported that in the review period, GIPF received N$5.3 billion in contributions from members and employers, while distributing N$6.8 billion in benefits to members and their dependents.
According to Ithindi, GIPF achieved a solvency ratio of 119.69% and a benefits-to-contribution ratio of 128.6%. Additionally, it recorded a cost-to-serve ratio of 1.83% and secured investment returns of 10.6%, resulting in a net investment income of N$17 billion.
Ithindi underscored that the reporting period demonstrated both resilience and significant progress in the Fund’s investments.
“After years of navigating volatile markets and unpredictable external shocks, we have witnessed the Fund mature, allowing it to withstand uncertainty while continuing to fulfill its mandate,” he remarked.
Ithindi further assured stakeholders that the GIPF is committed to meeting its obligations to members and beneficiaries.
In terms of asset growth, GIPF increased its assets from approximately N$167 billion as of 31 March 2024, to about N$183 billion by 31 March 2025, equating to a 9% increase.
During the launch event, GIPF chief executive officer Martin Inkumbi highlighted that the integrated annual report outlines the Fund’s mandate and strategy, as well as its governance and risk management frameworks, investment performance, audited financial results, and service delivery achievements during the review period.
Inkumbi indicated that the financial results for 2025 showcase GIPF’s commitment to securing the retirement future of its members while contributing to national development through responsible, long-term investment.
