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WINDHOEK, (Xinhua) -- Namibian President Hage Geingob (Front) lays a foundation stone during the Government Institutions Pension Fund (GIPF) Housing for Men and Women in Uniform Initiative at Nason Village, about 60 kilometers north of Windhoek, capital of Namibia, Sept. 7, 2016. The housing project is a joint venture between the government, the Government Institutions Pension Fund and the Preferred Management Services. The government pension fund that has a 90 billion Namibia dollar (6.4 billion U.S dollars) portfolio in assets is now providing houses to civilians who jioned the plan and more than 3, 000 have benefited since 2014.  XINHUA PHOTO: NAMPA
Namibia launches housing scheme for uniformed forces      

WINDHOEK, (Xinhua) -- Namibian President Hage Geingob launched a housing scheme for Namibia’s uniformed forces Wednesday at Osona Village, about 64 kilometers from Windhoek.

In his speech, Geingob said the Osona Village initiative will contribute not only to the targeted deliverables of the Harambee Prosperity Plan, but to the wider development objectives of Namibia.

Under the Harambee plan that Geingob launched in March this year, the government intends to build 20,000 houses and service 26,000 plots within the next four years.

The housing project is a joint venture between the government, the Government Institutions Pension Fund (GIPF) and the Preferred Management Services.

The GIPF that has a 90 billion Namibia dollar (6.4 billion U.S dollars) portfolio in assets is now providing houses to its members, and more than 3, 000 have benefited since 2014.

“I am pleased by the fact that the GIPF, as part of its commitment to alleviating problems with regards to Land Servicing and Housing, is supporting Governments efforts by targeting to take up at least 30 percent of the deliverables of the plan,” he said. 

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