David Nuyoma

175 witnesses for Fishrot trial
05 Jun

175 witnesses for Fishrot trial

ObserverUncategorised, , , , ,
Andrew Kathindi Namibia should brace itself for a lengthy and protracted Fishrot trial after an extensive list of nearly 200 witnesses have been lined up to testify. In the leaked Nangomar Pesca docket in possession of the Windhoek Observer, former Fisheries and Marine resources Minister, current Home Affairs Minister, Albert Kawana, and Justice Minister, Yvonne Dausab , are among those to be summoned to the witness stand. Other witnesses to appear in court are, Government institutions Pension Fund (GIPF) Chief executive Officer (CEO), David Nuyoma , Business and Intellectual Property Authority (BIPA) CEO, Vivienne Katjiuongua, and Secretary to Cabinet, George…
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GIPF increases pension benefits
15 Apr

GIPF increases pension benefits

ObserverUncategorised,
Staff Writer The Government Institutions Pension Fund (GIPF) has announced a 3 percent pension benefit increase, effective 01 April 2021 for all GIPF pensioners. The decision according to the fund, is aimed at cushioning pensioners against touch economic conditions in the country, which have in turn eroded consumer’s purchasing power. “Amidst the current volatile economic outlook, the Fund continues to provide guaranteed benefits to members. A pension increase serves to cushion pensioners from unexpected changes in their purchasing power and hence the incessant ability to increase members’ benefits annually is driven by the Fund’s collective commitment to guard and grow…
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Baobab investments safe – GIPF …as NAMFISA de-registers fund manager
18 Sep

Baobab investments safe – GIPF …as NAMFISA de-registers fund manager

ObserverUncategorised, , ,
Staff Writer The Government Institutions Pension Fund (GIPF) says N$87 million invested by its now-deregistered fund manager Baobab Capital (Pty) through Special Purpose Vehicle (SPV), Baobab Growth Fund (Pty), remain secure. The GIPF had committed N$140 million in October 2016 to the Special Purpose Vehicle (SPV), which has a venture capital mandate to invest in start-up companies. This comes as the Namibia Financial Institutions Supervisory Authority (NAMFISA) on Wednesday announced that it had de-registered the fund manager. The de-registration comes after NAMFISA conducted its own investigations into the affairs of Baobab Capital (Pty) and Baobab Growth Fund (Pty). “The Fund…
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24 Mar

What happens the day after?

ObserverUncategorised, , ,
The CEO of the Government Insurance Pension Fund (GIPF), David Nuyoma made a comment this week that needs to be repeated. He said, “The GIPF will not be making any rushed investment decisions [due to the virus].” This wisdom needs to be injected into our Covid-19 mitigation ideas and plans right now. Programs must not be entered in a rush of ‘doing something’ about Covid-19. When the virus emergency passes, as it eventually will, the after crisis recovery could be worse for the already-stressed Namibian economy. When the Titanic hit the iceberg, the crew, in its haste to ‘save as…
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