The Government Institutions Pension Fund (GIPF) has appointed David Nuyoma to continue as the Chief Executive Officer of the institution on a temporary basis for the next two months

Nuyoma's contract expired on June 3.

The decision, GIPF says, is due to the process of appointing a new CEO being outsourced as per the GIPF recruitment policy.

The fund is required to appoint a CEO approved by the registrar.

The board of trustees has extended Nuyoma's contract from June 4 to August 4, pending the successful completion of the selection and approval process.

The Government Institutions Pension Fund (GIPF) has reaffirmed its commitment to invest five billion dollars in renewable energy.

GIPF CEO and Principal Officer, David Nuyoma, made the pronouncement during the official opening of GIPF's satellite office at Mariental.

Environmental, social, and corporate governance issues are financially relevant and can improve the risk-adjustment performance of any given company's investment portfolios.

The Chief Executive Officer of the Government Institution Pension Fund (GIPF), David Nuyoma, highlighted this at the launch of the institution's Responsible Investment and Active Ownership Policy in Windhoek.

Nuyoma noted the Fund's Trustees recognized the need to enhance and value their investment process by adopting the Responsible Investment and Active Ownership Policy.