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.

The value of Namibia's potential private investment pipeline currently stands at N$161 billion. 73% of this is said to be in renewable energy. 

Sahrawi and Namibia could cooperate in the areas of renewable energy, agriculture, and fisheries.

However, this economic potential is being hindered by the Moroccan occupation of that country.

With a host of newly discovered energy sources in Namibia, including oil, gas, and green hydrogen, the Bank of Namibia's annual symposium has dissected how to maximize economic growth from renewable and non-renewable energy sources in the country.