Property fund distributes N$22m to GIPF

Tunga Real Estate Fund on Friday distributed N$21.66 million to the Government Institutions Pension Fund (GIPF), bringing total distributions from the fund to N$265 million.

Speaking at the handover ceremony, Tunga Real Estate Fund chairperson Sara Katiti said the payout reflected years of deliberate investment decisions, strong partnerships and disciplined asset management.

“This milestone is a practical demonstration of how alternative investments can deliver, not only by diversifying portfolios, but by strengthening the real economy at the same time,” she said.