N.dollars 1.1 billion recovered from ‘vanished’ N.dollars 661 million GIPF investment

Contributed by NAMPA.

WINDHOEK, 09 SEP (NAMPA) – The Government Institutions Pension Fund (GIPF) recovered about N.dollars 1.1 billion from the initial N.dollars 661 million investment, which the Prosecutor General (PG), Martha Imalwa said had ‘vanished without a trace’.
Speaking at a media conference here on Monday, GIPF Chief Executive Officer David Nuyoma, said the fund collected N.dollars 1 119 315 from 18 of the 21 companies through the Development Capital Portfolio (DCP) programme.
DCP, which commenced in 1995, ...