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.

City of Windhoek and the Development Bank of Namibia signed a loan agreement of N$155 million to finance the construction of the Khomas Intake Substation project.

Developments in residential, commercial, and industrial areas throughout the city have led to an ever-increasing demand for power.