Namibia: Government Institutions Pension Fund to Take Up Guarantor Role

28 October 2011

Windhoek — The Government Institutions Pension Fund (GIPF) has decided to act as guarantor for members of the fund who wish to acquire housing loans through commercial banks.

According to Elvis Nashilongo, GIPF Corporate Communications Manager, the new provision could be implemented as early as the next financial year once all the legislative processes have been followed through with stakeholders.

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