The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

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, ...

 

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