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Namibia Probing Graft Allegations in Govt Pension Fund Scandal

Baobab Capital, an investment company tasked with managing U.S.$8,3 million in pensioners' money, is on the verge of being shut down over alleged financial irregularities. The Government Institutions Pension Fund has announced that they are aware of the de-registration of the firm, insisting that the money is safe.

  • Namibia:   Pension Fund Says Money Is Safe

    Namibian, 21 September 2020

    Despite their advice telling the public to stay away from Baobab Capital and its investment vehicle, Namfisa remains tight-lipped on irregularities committed by the capital… Read more »

  • Namibia:   Pension Fund Investment Manager in Hot Water

    Namibian, 23 September 2020

    Investment company Baobab Capital - tasked with managing N$140 million in pensioners' money - is on the verge of being shut down over alleged financial irregularities. Read more »

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