The Government Institutions Pension Fund (GIPF) has announced its readiness to launch its pension-backed home loan scheme.

Conceptualised in 2016 and approved by various regulatory channels in 2018, the scheme will enable GIPF members to leverage their pension savings to acquire homes or purchase land.

The Vice Chairperson of the New Era Board, Edwin Tjiramba, says enhancing stakeholder participation is vital in shaping the country's development agenda.

The Government Institutions Pension Fund (GIPF) is holding a week-long stakeholders' engagement forum to offer the latest updates on the company's recent undertakings, which include the introduction of new devices to be installed in all constituencies.