02
Apr
Martin Endjala The Government Institutions Pension Fund (GIPF) has recorded an increase in its asset value of N$151 billion for the 2023 financial year, compared to N$147 billion recorded in 2022. GIPF’s Chief Executive Officer, Martin Inkumbi announced this during the launch of the integrated annual report year ended 31 March 2023. Inkumbi said the Fund’s investment return has increased by 7.7 percent to N$6.5 billion, compared to an increase of 10.8 percent (N$11.6 billion) in the prior year. Adding that the increase is attributed mainly to favourable investment returns during the period under review. The Fund has N$110 billion…