Tunga Real Estate Fund on Friday distributed N$21.66 million to the Government Institutions Pension Fund (GIPF), bringing total distributions from the fund to N$265 million.
Speaking at the handover ceremony, Tunga Real Estate Fund chairperson Sara Katiti said the payout reflected years of deliberate investment decisions, strong partnerships and disciplined asset management.
“This milestone is a practical demonstration of how alternative investments can deliver, not only by diversifying portfolios, but by strengthening the real economy at the same time,” she said.
Katiti said the fund was established to invest in productive assets across Namibia while creating long-term value for investors.
Investments have been made in retail centres, office developments, distribution facilities and housing projects at several towns, including Katutura, Ondangwa, Oshakati, Oshikango, Windhoek, Arandis, Grootfontein, Mariental, Otjiwarongo and Rundu.
She said the developments support businesses, create jobs and contribute to economic activity while serving the communities in which they are located.
Old Mutual Investment Group Namibia managing director Sepo Haihambo at the event said the latest distribution was made possible through successful exits from key investments, including the KwaNkhomo housing development at Kuisebmond, Walvis Bay, and the Rehoboth Shopping Centre.
She said the exits, together with returns from other investments, enabled distributions totalling N$101 million in 2025 alone.
Haihambo said Old Mutual Investment Group Namibia has invested N$3 billion across various alternative investment funds over the past 21 years, exiting 31 investments while maintaining 26 active positions.
“These investments have resulted in the servicing of 3 000 erven, the construction of 2 000 houses, the development of 110MW of renewable energy capacity, and the establishment of healthcare and education facilities,” she said.
GIPF chief executive Martin Inkumbi described the distribution as evidence that patient capital, sound governance and strategic partnerships can generate both financial returns and developmental impact.
He said the fund, established in 2011, has grown to N$650 million in committed capital, with the GIPF serving as the 99% anchor investor.
“The distribution we receive today is more than a financial milestone. It is clear evidence that patient capital deployment and responsible investing can deliver tangible benefits to our members while advancing Namibia’s development agenda,” Inkumbi said.
– Nampa