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04:55Last update on: 12 Aug 2013
The Namibian
Mon 12 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
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BUSINESS - COMPANIES
| 2013-08-08
Local entrepreneurs to benefit from GIPF’s Unlisted Investments
WINDHOEK – The Government Institutions’ Pension Fund (GIPF) is hard at work to create awareness about the benefits of its Unlisted Investment Policy (UIP) amongst local entrepreneurs.
Speaking during a media briefing here on Tuesday, the GIPF’s Chief Executive Officer David Nuyoma said there is a lack of awareness about its UIP among Namibian entrepreneurs.
“This concern impedes our objective to cast our net widely and ensure broad-based participation from the Namibian business fraternity. In this regard, we will be implementing a strategy to market and brand the Unlisted Investment Policy,” he stated.
A variety of activities, such as Open Days and specific media interviews, will be arranged in order to profile this portfolio.
In its quest to continue to invest in the economy and for the sake of compliance, the GIPF Board of Trustees approved an Investment Policy for Unlisted Investments in 2008.
The overall goal of this policy is to use GIPF funds to contribute to the development of Namibian capital markets with regard to unlisted investments.
The trustees came up with this policy through detailed studies of global best-practices, and they used lessons learned from the failed Development Capital Portfolio (DCP), as well as the potential of unlisted investments providing an alternative asset class.
According to Nuyoma, it is GIPF’s belief that through the Unlisted Investment Policy, the Fund complies with Regulation 29 of the Pension Funds’ Act, which requires the institution to invest funds into the local economy, and reduce the net impact of capital flight out of the domestic economy.
As at the end of June 2013, the Fund has committed N$2,3 billion towards its Unlisted Investment Portfolio, and over N$679 million has already been injected into various projects countrywide.
Some significant projects covered include an injection of N$148 million into the Procurement Fund, a medium through which the GIPF ensures the provision of short-term working capital and asset-backed financing to small and medium enterprises (SMEs) who have contracts to render services to reputable entities.
Another N$51 million has been invested into renewable energy-linked initiatives through the provision of credit financing to SMEs participating in this area; while over N$479 million has been invested into immovable properties with long-term income and growth potential.
Nuyoma said some development facilities have either been completed or are at an advanced stage, creating a significant number of employment opportunities for the Namibian population.
These include the Gwashamba Property Development in Ondangwa, the Grove Mall in the capital, Otjiwarongo Town Square, and a number of residential and housing projects countrywide.
-Nampa
Speaking during a media briefing here on Tuesday, the GIPF’s Chief Executive Officer David Nuyoma said there is a lack of awareness about its UIP among Namibian entrepreneurs.
“This concern impedes our objective to cast our net widely and ensure broad-based participation from the Namibian business fraternity. In this regard, we will be implementing a strategy to market and brand the Unlisted Investment Policy,” he stated.
A variety of activities, such as Open Days and specific media interviews, will be arranged in order to profile this portfolio.
In its quest to continue to invest in the economy and for the sake of compliance, the GIPF Board of Trustees approved an Investment Policy for Unlisted Investments in 2008.
The overall goal of this policy is to use GIPF funds to contribute to the development of Namibian capital markets with regard to unlisted investments.
The trustees came up with this policy through detailed studies of global best-practices, and they used lessons learned from the failed Development Capital Portfolio (DCP), as well as the potential of unlisted investments providing an alternative asset class.
According to Nuyoma, it is GIPF’s belief that through the Unlisted Investment Policy, the Fund complies with Regulation 29 of the Pension Funds’ Act, which requires the institution to invest funds into the local economy, and reduce the net impact of capital flight out of the domestic economy.
As at the end of June 2013, the Fund has committed N$2,3 billion towards its Unlisted Investment Portfolio, and over N$679 million has already been injected into various projects countrywide.
Some significant projects covered include an injection of N$148 million into the Procurement Fund, a medium through which the GIPF ensures the provision of short-term working capital and asset-backed financing to small and medium enterprises (SMEs) who have contracts to render services to reputable entities.
Another N$51 million has been invested into renewable energy-linked initiatives through the provision of credit financing to SMEs participating in this area; while over N$479 million has been invested into immovable properties with long-term income and growth potential.
Nuyoma said some development facilities have either been completed or are at an advanced stage, creating a significant number of employment opportunities for the Namibian population.
These include the Gwashamba Property Development in Ondangwa, the Grove Mall in the capital, Otjiwarongo Town Square, and a number of residential and housing projects countrywide.
-Nampa
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