GIPF under fire over N$815-million investment loss

[PODCAST]

Namibia’s pension giant, the Government Institutions Pension Fund (GIPF), is facing backlash after reports of a possible N$815-million loss from offshore investments managed by South Africa’s TriAlpha investment management.

Opposition leader Mike Kavekotora is calling for a forensic probe, citing weak governance and possible collusion between local and foreign players.