GIPF pumps millions into housing at Eenhana

The GIPF aims to construct 30% of the 20 000 housing units envisaged under the Harambee Prosperity Plan.

28 February 2019 | Infrastructure

The Government Institutions Pension Fund (GIPF) has invested N$17.4 million in housing aimed at low- and medium- income groups at Eenhana in the Ohangwena region.

According to the regional governor, Usko Nghaamwa, the housing development in Extension 6 will consist of 271 houses and will greatly contribute towards the housing shortage in the region.

“The GIPF through its unlisted investments has been implementing some of the Harambee Prosperity Plan [HPP] pillars such as social progress and infrastructure development by delivering housing and servicing land for their members,” Nghaamwa in a speech read on his behalf at the official opening ceremony of the new GIPF office at the town on Tuesday.

Speaking at the same event, the chairperson of the GIPF board of trustees, Goms Menette, said Formosa Island Investment is the developer of the project.

A total of 124 erven have also been serviced, while 85 houses in phase one and 97 houses in phase two have been sold to date.

“This development came as a requirement to provide low-cost and decent housing to accommodate low-, middle- and high-income earners in a bid to ease land and housing shortages within the town of Eenhana,” Menette said.

The GIPF aims to construct 30% of the 20 000 housing units envisaged under the HPP before its period ends.

Office

The opening of a GIPF office at the town means fund members in Eenhana, Helao Nafidi and Okongo no longer have to travel to Ondangwa and Oshakati.

Clients will, amongst others, be able to get advice on their pensions, do biometric registration and verification, receive benefit and income statements and submit supporting documents at the new office.

Menette said the growing population of the region necessitated the GIPF increasing its footprint.

The branch has been operational since January this year and has so far aided over 500 members.

“As we continuously strive to build lasting confidence in our members and stakeholders, we need to address the challenges they face, such as access to services at their convenience, as well as poor internet connection in some parts of the country, which makes it difficult to connect to GIPF systems,” Menette said.

The GIPF’s membership currently stands at over 135 000 in the form of active members and annuitants. - Nampa

Similar News

 

Spotlight on financing water infrastructure

2 days ago - 17 July 2019 | Infrastructure

Global and local experts are converging in Windhoek this week for a roundtable discussion on financing water projects. The event is initiated by Open Africa...

Land is too expensive

2 weeks ago - 04 July 2019 | Infrastructure

The Namibian government has recognised that a large section of people still do not have access to land and decent shelter because it is unaffordable,...

N$14m spent on housing, land in Kunene

2 weeks ago - 03 July 2019 | Infrastructure

While acknowledging that economic woes have not spared any of the 14 regions – the Kunene has recorded progress in the areas of infrastructure development,...

NHE ta tala komilandu omipe

3 weeks ago - 24 June 2019 | Infrastructure

Ehangano lyoNational Housing Enterprise otali konaakona onkalo yokutula miilonga omulandu gwohiila nokumona uumwene wegumbo, ihe inali holola natango kutya uunake omulandu ngoka tagu vulu okutulwa...

NHE studying lease-to-own model

4 weeks ago - 21 June 2019 | Infrastructure

OGONE TLHAGEThe National Housing Enterprise is studying the possibility of introducing a lease-to-own option but has not indicated when it will make a pronouncement on...

RA hamstrung

4 weeks ago - 21 June 2019 | Infrastructure

The Roads Authority (RA) says it does not have adequate funding for the rehabilitation and maintenance of national roads, and that the road-user charges collected...

Millions spent on unfinished govt office

4 weeks ago - 20 June 2019 | Infrastructure

A N$16 million fisheries ministry infrastructure project in Rundu, which has been under construction since 2012, is still standing incomplete, resulting in officials operating from...

'Missing millions' mystery at Okahao

1 month - 19 June 2019 | Infrastructure

The upgrading and renovation work at the Okahao district hospital, which had been abandoned eight years amid allegations that the contractor had received an upfront...

Houses, drought relief food not campaign strategy

1 month - 18 June 2019 | Infrastructure

People should not see houses built for them as a way for the ruling party to campaign for the upcoming election, but rather as development...

Work on Rundu weather office starts

1 month - 27 May 2019 | Infrastructure

The works ministry has appointed Bongi and Prince Trading to complete the construction of the outstanding and shoddy works done at meteorological office at the...

Latest News

Making employees feel at home...

21 hours ago | Business

Jonell Malan Human resource management is essentially the management of human resources (HR). It is a function in organisations designed to maximise employee performance in...

Fascinated by consumers

21 hours ago | Business

Evany van Wyk Rozanne van der Merwe comes across as being the epitome of female empowerment and friendliness. And this is exactly who she is....

No dazzling half-year for Namdeb

21 hours ago | Business

Jo-Maré DuddyNamdeb Holdings recorded its worst first half-year since 2016, with diamond production for the six months ended 30 June plummeting by nearly 22% compared...

Vulnerable and alone

21 hours ago | Social Issues

After an initial projection in 2008 that there would be 250 000 orphans and vulnerable children under the age of 15 by 2021, President Hage...

Zero cattle on offer at...

21 hours ago | Agriculture

The Oshana Regional Livestock Marketing Cooperative suspects that livestock prices have dropped so low because of the drought that farmers are no longer willing to...

Hope rekindled at Linus Shashipapo

21 hours ago | Education

Hope has been finally been rekindled that Linus Shashipapo Secondary School, which is currently in a sorry state, will be renovated.This comes after a tender...

Resilient and strong

21 hours ago | Business

Mariselle StofbergWith her tenacious attitude, collaborative nature and desire to always learn and draw from other people’s knowledge and experience, Leorine Waggie is clearly on...

Being unapologetically you

21 hours ago | Banking

Mariselle Stofberg Adriano Visagie went from playing in the dusty streets of Katutura to becoming a powerhouse in the entertainment industry and has created...

The great unwind and calls...

21 hours ago | Economics

Lazarus Shigwedha - Balance sheet recessions are the toughest to manage when they occur simultaneously with distressed debt conditions in the wider economy. During balance...

Load More