The Government Institutions Pension Fund (GIPF) says the company has learnt a lesson from the Development Capital Portfolio (DCP) scandal and as a result set up a new plan that will ensure proper alignment of interest, transparency, accountability and good governance. The company was responding to Prosecutor General Martha Imalwa who on Wednesday said over N$600 million of the GIPF was lost beyond trace. Imalwa declined prosecution on 18 out of 20 dockets investigated in the money allegedly lost from the fund. According to the media statement, to date, GIPF has committed N$6,9 billion in unlisted assets in Namibia through this programme. “Seeing that the matter is no longer sub-judice, the chief executive officer will engage the Office of the Prosecutor General in order to better understand the decision taken,” said the company in a press release. The fund also further stated that the pronouncement does not, in any manner, adversely affect the fund’s investment and operations.
Sydney
29
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December 5, 2025

