Windhoek: Prime Minister, Dr. Elijah Ngurare, has called on the Government Institutions Pension Fund (GIPF) to continue investing in sectors that advance Namibia's developmental aspirations. Ngurare made the call during the launch of GIPF's three-year strategic plan for the 2026-2029 period in Windhoek on Wednesday.

According to Namibia Press Agency, the prime minister noted that significant developments in the oil and gas, green hydrogen, and mining sectors present opportunities for investment and economic growth. "GIPF should continue to contribute to Namibia's national development goals by investing in sectors that support national priorities and long-term socio-economic growth," he said.

Ngurare expressed confidence that the fund and its investment partners are positioning themselves to invest in these emerging industries. The prime minister also welcomed the fund's intention to increase investment in local communities and urged it to continue supporting local manufacturing initiatives. "I take great comfort in learning that the GIPF intends to make further impactful local investments that will result in real, measurable socio-economic impact and transformation. These investments should continue to contribute to the localisation of manufacturing capacity, substitute imports, and focus on food security and employment creation," he said.

Ngurare further stressed the importance of regional equity, saying the fund should continue supporting industries across the country. "In terms of regional equity, the fund must continue supporting local industries across the country, serving both rural and urban communities," he said.

Commenting on the strategy, Ngurare said its launch comes at an opportune time as it aligns with the expectations of stakeholders and Namibia's broader development objectives. "The implementation of the strategy will support national development through targeted social and economic investments by directing resources towards key areas such as social infrastructure and regional development to ensure equitable growth," he said.

Ngurare further urged the fund's management and staff to implement the strategy effectively and deliver on its objectives and key performance areas.