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 Trade Union Congress of Namibia has expressed concern over the Pension-Backed Home Loan Scheme by the Government Institutions Pension Fund (GIPF), which will be administered through two mediators.