WORLD — UN chief deeply concerned by serious escalation in Gulf region (Namibiadailynews)WORLD — South Africa processes over 53,000 foreigners for deportation, repatriation (Namibiadailynews)WORLD — IRGC claims strikes on U.S. targets in Jordan, Bahrain, Kuwait in retaliation (Namibiadailynews)WORLD — Firefighters battle spreading wildfire in Zambezi Region (Informante)BUSINESS — Pension reforms should not put home ownership further out of reach (Observer24)POLITICS — Namibia, China sign agreements to deepen economic and development cooperation (Informante)SPORTS — FIFA World Cup semi-finals set after dramatic quarter-finals (Informante)WORLD — China-FAO N$28.5 million investment strengthens Namibia's agricultural sector (Observer24)WORLD — UN chief deeply concerned by serious escalation in Gulf region (Namibiadailynews)WORLD — South Africa processes over 53,000 foreigners for deportation, repatriation (Namibiadailynews)WORLD — IRGC claims strikes on U.S. targets in Jordan, Bahrain, Kuwait in retaliation (Namibiadailynews)WORLD — Firefighters battle spreading wildfire in Zambezi Region (Informante)BUSINESS — Pension reforms should not put home ownership further out of reach (Observer24)POLITICS — Namibia, China sign agreements to deepen economic and development cooperation (Informante)SPORTS — FIFA World Cup semi-finals set after dramatic quarter-finals (Informante)WORLD — China-FAO N$28.5 million investment strengthens Namibia's agricultural sector (Observer24)
Pension funds face housing loan freeze under FIMA …RFS halts processing of unsecured housing loans …GIPF says members' pension itself serves as security …uncertainty looms over NAMFISA exemption
Renthia Kaimbi The Financial Institutions and Markets Act (FIMA), designed to protect retirement savings, may be unintentionally shutting out thousands of ordinary Namibians from accessing affordable housing finance through their pension funds. However, the Government Institutions Pension Fund (GIPF) has moved to assure its members that its housing loan schemes remain fully operational and unaffected
Observer 24 Observer 24 · Wire Report · 2 hours ago · 1 min read
Image via wire syndication · Observer 24
WIRE —
Renthia Kaimbi The Financial Institutions and Markets Act (FIMA), designed to protect retirement savings, may be unintentionally shutting out thousands of ordinary Namibians from accessing affordable housing finance through their pension funds. However, the Government Institutions Pension Fund (GIPF) has moved to assure its members that its housing loan schemes remain fully operational and unaffected
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