The Government Institutions Pensions Fund (GIPF) and the Namibian government are to sign an agreement for a pension-backed home loan facility to enable members to buy houses.

The outgoing Chief Executive Officer, David Nuyoma, paid a courtesy call on President Hage Geingob at State House, who praised him for growing the Fund's portfolio.

nbc News asked him about the possibility of GIPF members using a certain percentage of their pension funds to secure housing, as had been the call by quarters of society.