The Government Institutions Pension Fund (GIPF) has reported a significant expansion of its investment portfolio, with total assets under management climbing to N$183 billion as of 31 March 2025. The milestone was announced during the launch of the Fund’s 2025 Integrated Annual Report in Oshakati on Wednesday, underscoring GIPF’s robust financial health and its deepening role in Namibia’s economic landscape.
GIPF Chief Executive Officer, Martin Inkumbi, emphasised that the growth reflects the Fund’s commitment to prudent stewardship and long-term sustainability. “These results demonstrate that the GIPF secures the retirement future of its members and contributes to national development through responsible, long-term investment,” Inkumbi stated. He added that the Fund’s scale, performance, and solvency position it to deliver enduring value to members, employers, and the broader economy.
A key highlight from the report is the Fund’s substantial and growing investment within Namibia. Exceeding the statutory domestic asset requirement of 45%, GIPF invested 50.6% of its portfolio locally—amounting to approximately N$92 billion. These investments are channeled into critical areas such as housing, infrastructure, economic diversification, government and corporate bonds, listed equities, and alternative investments.
Chairperson of the Board of Trustees, Penda Ithindi, noted that the Fund achieved a solvency ratio of 119.69% and secured investment returns of 10.6%, generating a net investment income of N$17 billion. “The reporting period marked resilience and great progress on the investment front. Our ability to withstand market volatility while delivering on our mandate shows the maturity and robustness of our strategy,” Ithindi said.
The Fund’s financial strength is further evidenced by its benefits payments, which totalled N$6.8 billion to members and dependants during the period, against contributions received of N$5.3 billion—resulting in a benefits-to-contribution ratio of 128.6%.
Beyond financial metrics, the report outlines progressive member-focused initiatives. GIPF has begun rolling out an Integrated Pension Administration System (iPAS) to improve service efficiency and accessibility. It also launched the Pension Backed Home Loan Scheme, a groundbreaking intervention designed to help members access affordable housing by leveraging their pension savings.
With 44 participating employers and over 159,000 active members and annuitants, GIPF reaffirms its status as a fully funded, well-capitalised institution. The 2025 Integrated Annual Report reinforces the Fund’s narrative of transparency, accountability, and member-centricity, ensuring stakeholders can remain confident in the security and growth of their pension savings.