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
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.