Tunga Fund distributes N$21.6m to GIPF – Windhoek Observer

Property fund distributes N$22m to GIPF

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 investm…

Tunga Fund distributes N$21.6m to GIPF – Windhoek Observer

Staff Writer Old Mutual Alternative Investments Namibia, a division of the Old Mutual Investment Group Namibia (OMIGNAM), has announced a distribution from the Tunga Real Estate Fund to its investor participants, marking another important milestone in the Fund’s lifecycle. Of the total distribution, an amount of N$21.6 million has been allocated to the Government Institutions Pension Fund (GIPF), representing its 99% shareholding in the Fund, br…