Hundreds attend Unlisted Investment Policy info session

23 Sep 2013 08:20
WINDHOEK, 23 SEP (NAMPA) - Hundreds of entrepreneurs flocked to a local hotel on Monday to attend the information-sharing session organised by the Government Institutions’ Pension Fund and the Namibia Chamber of Commerce and Industry (NCCI).
The interactive information session was aimed at giving the entrepreneurs a better understanding of GIPF's Unlisted Investment Policy (UIP), and was designed to empower entrepreneurs with information on financial opportunities available, in addition to providing business advice to mitigate the challenges of access to business finance.
The open day was further aimed at providing entrepreneurs with an opportunity to engage the various UIP fund managers.
The GIPF has so far injected N.dollars 679 million in projects country-wide through the UIP.
“Our aim is to ensure broad-based participation and facilitate a true empowerment process,” GIPF's Chief Executive Officer (CEO) David Nuyoma said during the information session.
Through this campaign, he said, the company hopes to bridge the gap between a lack of information and access to capital.
“Although this policy is development oriented, the protection of the fund's assets remains our supreme responsibility,” Nuyoma assured.
Since its inception in 2008, and in conformity with the regulations of the Pension Funds Act which require pension funds to invest in the local economy, the GIPF's UIP has committed N.dollars 2,3 billion of which N.dollars 679 million has already been injected into projects.