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<\/p>\nGovernment Institutions Pension Fund (GIPF) chief executive Martin Inkumbi says the fund has grown to N$183 billion in assets, and had 105 593 active members and 53 504 pensioners during the 2024\/2025 financial year.<\/p>\n
He says the fund has made smart investments, which have helped it earn a 10.6% return.<\/p>\n
He said this during the GIPF 2025 integrated annual report launch held at Oshakati on Thursday.<\/p>\n
\u201cThe report\u2019s financial story thus becomes a member\u2011centric saga of security, growth and community uplift. Savvy asset allocation drove higher yields, swelling the fund\u2019s reserves and securing the retirement for members,\u201d he said.<\/p>\n
Inkumbi said the tight governance frameworks kept exposure in check, protecting members\u2019 contributions from market volatility.<\/p>\n
\u201cInitiatives focused on responsible, long\u2011term investments channeled profits into national development projects, indirectly benefiting members\u2019 communities. Improved financial health means bigger, more reliable pension payouts, letting members plan their golden years with confidence,\u201d he said.<\/p>\n
He said in the latest financial year, the fund grew with 44 employers feeding into its coffers.<\/p>\n
The board chairperson, Penda Ithindi, says the GIPF had made about N$5.3\u202fbillion in member and employer contributions while handing out N$6.8\u202fbillion in benefits to members and their dependents.<\/p>\n
\u201cThe numbers sang of strength: a fund solvency ratio of 119.69%, a benefits\u2011to\u2011contribution ratio of 128.6%, and a cost\u2011to\u2011serve ratio of just 1.83%. The investment front delivered a 10.6% return, netting N$17\u202fbillion in investment income,\u201d he says.<\/p>\n
Ithindi further adds that the reporting period had been a test of resilience.<\/p>\n
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