Omusati benefits from N$67,4m in home loans

The Omusati region has benefited from around N$67,4 million through the First Capital home loan scheme for civil servants.

This fund forms part of the initial invesntment of the Government Institutions Pension Fund (GIPF) in First Capital.

Omusati governor Erginus Endjala says through its investments, the GIPF has not been a stranger to his region.

“This investment has resulted in the beautiful neighbourhoods and homes of our teachers, administrative staff, police officers and members of the defence force,” he said at the opening of the GIPF’s Outapi regional office.

The governor said the growth of the Omusati region and Outapi can be attributed to institutions such as the GIPF, which have heeded the call for decentralisation and set up offices outside of Windhoek.

“Over the years, the GIPF has injected N$5,9 billion in investments spread across all 14 regions of our country,” he said.

The fund’s chief executive, Martin Inkumbi, said Outapi, also known as the capital and administrative centre of the Omusati region and the third-largest region in Namibia, was strategically selected for the construction of this office.

“As we continue to endeavour to provide decentralised services to our members, the opening of this office will complement our efforts, leading to the growth and development of Outapi and our region,” he said.

GIPF board of trustees vice chairperson Evan Mswahu said since inception, the fund has set up 11 regional and four satellite offices spread across all 14 regions.

“The GIPF Outapi regional office is an investment resulting from the fund’s commitment in 2022.

“The construction of the regional office was undertaken at a cost of N$6 million, and has provided job creation opportunities during the construction phase, and jobs for construction workers such as builders, painters, electricians and plumbers, in addition to the job opportunities for full-time GIPF employees,” Maswahu added.