GIPF assets rise to N$183bn
The Government Institutions Pension Fund (GIPF) launched its 2025 Integrated Annual Report (IAR) on 5 February 2026 in Oshakati, reflecting strong financial and operational performance and the Fund’s commitment to securing members’ retirement benefits.
GIPF CEO, Martin Inkumbi, said the report provides a comprehensive account of the Fund’s management of members’ savings for the year ended 31 March 2025, highlighting both financial results and strategic objectives.
The Fund, which covers 44 participating employers and provides pension benefits to 105,593 active members and 53,504 annuitants, reported total assets of N$183 billion, up from N$167 billion the previous year. This positions the Fund to meet long-term liabilities while contributing to national development through responsible investment.
Chairperson of the board of trustees, Penda Ithindi, said the Fund received N$5.3 billion in member and employer contributions and paid N$6.8 billion in benefits during the year. The solvency ratio stood at 119.69%, while the benefits-to-contribution ratio was 128.6% and the cost-to-serve ratio 1.83%. Net investment income totalled N$17 billion, producing an investment return of 10.6%.
Ithindi noted that GIPF’s investment strategy balances local and international portfolios. Domestic assets comprised 50.6% of total investments, exceeding the 45% regulatory requirement, with N$92 billion invested in Namibian infrastructure, housing, government and corporate bonds, and alternative investments.
The Fund also launched the Integrated Pension Administration System (iPAS) to improve service efficiency and rolled out the Pension-Backed Home Loan Scheme, enabling members to leverage their pension savings for homeownership.
Inkumbi said the IAR demonstrates GIPF’s prudent management and ongoing focus on member-centricity. “The Fund remains well capitalised, delivering consistent returns while maintaining strong governance and risk management,” he said.
The report further outlines GIPF’s governance structures, risk management frameworks, and sustainability initiatives, reinforcing its role in supporting both members’ livelihoods and broader national development objectives.
