Chamwe Kaira
The Government Institutions Pension Fund (GIPF) recorded growth in assets from about N$167 billion as of 31 March 2024 to around N$183 billion by 31 March 2025.
GIPF maintained a balanced portfolio across local and international markets, allowing it to access global opportunities while managing risk.
GIPF officially launched its 2025 integrated annual report on Thursday in Oshakati.
Speaking at the launch, GIPF chief executive officer and principal officer Martin Inkumbi said the report provides a full account of the Fund’s financial and operational performance for the year ended 31 March 2025.
Inkumbi said the 2025 financial results show GIPF’s role in securing the retirement future of its members while supporting national development through long-term investments.
“The fund’s scale, performance, and solvency position it to deliver lasting value to members, employers, and the national economy,” he said.
GIPF serves 44 participating employers and provides guaranteed pension and related benefits to 105 593 active members and 53 504 annuitants.
These include civil servants and employees of state-owned entities across all 14 regions of Namibia.
GIPF remains fully funded, with assets of N$183 billion as of March 2025, enough to meet its long-term liabilities.
It operates under governance and statutory requirements aimed at ensuring transparency, ethical conduct, and sustainability in pension administration, investments, risk management, and financial reporting.
At the event, GIPF board of trustees chairperson Penda Ithindi said the fund received N$5.3 billion in contributions from members and employers during the period, while paying out N$6.8 billion in benefits.
He said GIPF achieved a solvency ratio of 119.69%, a benefits-to-contribution ratio of 128.6%, a cost-to-serve ratio of 1.83%, and investment returns of 10.6%, generating net investment income of N$17 billion.
Ithindi said the domestic asset requirement remained at 45%, but GIPF exceeded this level, with 50.6% of assets invested locally as of 31 March 2025. This represents about N$92 billion under management in Namibia.
During the year under review, GIPF began rolling out the Integrated Pension Administration System to improve turnaround times, increase efficiency, and extend services to members across the country.
The fund also introduced the Pension-Backed Home Loan Scheme, which allows members to use part of their pension savings to access housing finance.
GIPF said the initiative supports asset creation, long-term security, and wealth building, while addressing housing challenges in Namibia.
Caption
The Government Institutions Pension Fund launched its 2025 Integrated Annual Report in Oshakati on Thursday.
- Photo: Eagle FM
