Ngurare tells GIPF to invest at home
Prime minister Elijah Ngurare has called on the Government Institutions Pension Fund (GIPF) to protect its reputation by investing more of its funds in Namibia. This comes as some of the fund’s investments outside the country have damaged its image and public confidence, he says. “As the GIPF, you have a huge brand to protect, […] The post Ngurare tells GIPF to invest at home appeared first on The Namibian .
Prime minister Elijah Ngurare has called on the Government Institutions Pension Fund (GIPF) to protect its reputation by investing more of its funds in Namibia.
This comes as some of the fund’s investments outside the country have damaged its image and public confidence, he says.
“As the GIPF, you have a huge brand to protect, a brand that has been blemished in the media on investments outside the country that just disappeared into thin air,” Ngurare said during the launch of the GIPF’s 2026-2029 strategic plan in Windhoek on Wednesday.
He said the GIPF needs to change public perceptions by making visible investments that benefit communities across the country.
Ngurare mentioned Concordia College in Windhoek, which was built by the former Consolidated Diamond Mines, as an example of an investment that continues to benefit Namibians many years later.
This call follows several high-profile investment losses linked to the fund.
