Dawn of a new era
Martin Inkumbi, CEO of GIPF. PHOTO CONTRIBUTED

Dawn of a new era

The appointment of Martin Inkumbi as the chief executive officer and principal officer, effective as of 15 January this year, marks a new chapter for the Government Institutions Pension Fund (GIPF).

Inkumbi’s career began in banking, where he accumulated 26 years of extensive experience in economic research, corporate and development finance and business strategy.



Well-established expertise

His expertise in leading macro-critical functions and institutions in Namibia is well-established, particularly from his decade-long tenure at the helm of the Development Bank of Namibia.

His leadership is further underscored by his roles at esteemed organisations such as the Bank of Namibia and the First National Bank of Namibia.

“My formal training was primarily in the fields of economics, management accounting, finance and banking. My working experience has centred around banking, with a focus on corporate banking, credit risk management, and development finance,” he said.



Results-driven leader

Inkumbi’s academic qualifications are impressive, with a B.Com. degree in economics, management accounting, and finance, a postgraduate diploma in banking and finance, and a master of science in financial economics.

A results-driven team leader, Inkumbi aims to implement an inclusive and collaborative management strategy to ensure pension benefits for all GIPF pensioners, children and spousal beneficiaries.

“My focus is on delivering our strategic intent to propel the GIPF sustainably, ensuring we are well-funded and that our asset values exceed our liabilities, thus guaranteeing growth and safeguarding the fund over time,” he emphasised.

Inkumbi also shared his thoughts on his commitment to transparency and ethical practices.

“I am entrusted by the board of trustees of the GIPF to lead the fund in adherence to all legislative frameworks and internal policies, ensuring fairness and transparency in all my dealings,” he said.

Inkumbi’s vision includes innovative approaches and building trust with all stakeholders to reinforce GIPF’s position as a key contributor to the Namibian economy.



Enjoyable pastimes

Outside of his professional responsibilities, Inkumbi enjoys reading, keeping fit and studying modern African history.

“A friend recently gave me ‘Richer, Wiser, Happier’ by William Green, which offers insights into the philosophies of some of the world’s greatest investors,” he said.



Model corporate citizen

Established at the end of 1989, the Government Institutions Pension Fund (GIPF) provides pension and related benefits to civil servants and employees of institutions established by Acts of Parliament, such as state-owned enterprises and mission hospitals in Namibia.

As a professionally managed pension fund, GIPF strives to be a leading pension fund and a model corporate citizen in Namibia. It is one of the few fully funded pension funds in Africa, with sufficient funds to cover its liabilities.

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 582.19/OZ UP +0.12% | Copper US$ 4.19/lb DOWN -0.0026 | Zinc US$ 2 919.80/T UP 0.11% | Brent Crude Oil US$ 72.53/BBP UP +0.72% | Platinum US$ 990.07/OZ DOWN -0.0048 | Sport results: Currie Cup: Vodacom Bulls 40 vs 40 Hollywoodbets Sharks XV | Fidelity ADT Lions 43 vs 34 Toyota Cheetahs XV Premier League: Wolves 1 vs 2 Newcastle | Tottenham Hotspur 0 vs 1 Arsenal | Bournemouth 0 vs 1 Chelsea | Aston Villa 3 vs 2 Everton | Manchester City 2 vs 1 Brentford | Liverpool 0 vs 1 Nottingham Forest | Fulham 1 vs 1 West Ham | Crystal Palace 2 vs 2 Leicester City | Brighton 0 vs 0 Ipswich Town | Southampton 0 vs 3 Manchester United LaLiga: Atletico Madrid 3 vs 0 Valencia | Las Palmas 2 vs 3 Athletic Club | Girona 1 vs 4 Barcelona | Celta Vigo 3 vs 1 Real Valladolid | Real Sociedad 0 vs 2 Real Madrid | Sevilla 1 vs 0 Getafe | Espanyol 3 vs 2 Deportivo Alaves | Mallorca 1 vs 2 Villarreal | Real Betis 2 vs 0 Leganés SerieA: Monza 1 vs 1 Inter Milan | Cagliari 0 vs 4 Napoli | Torino 0 vs 0 Lecce | Atalanta 3 vs 2 Fiorentina | Genoa 1 vs 1 AS Roma | AC Milan 4 vs 0 Venezia | Empoli 0 vs 0 Juventus | Como 2 vs 2 Bologna European Championships Qualifying: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley | Hull City 0 vs 2 Sheffield United English Championship: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley | Hull City 0 vs 2 Sheffield United Weather: Katima Mulilo: 22° | 40° Rundu: 20° | 40° Eenhana: 17° | 35° Oshakati: 17° | 35° Ruacana: 18° | 36° Tsumeb: 20° | 34° Otjiwarongo: 13° | 32° Omaruru: 10° | 31° Windhoek: 10° | 28° Gobabis: 10° | 29° Henties Bay: 12° | 16° Wind speed: 26km/h, Wind direction: S, Low tide: 12:42, High tide: 06:54, Low Tide: 01:25, High tide: 19:15 Swakopmund: 11° | 14° Wind speed: 33km/h, Wind direction: S, Low tide: 12:40, High tide: 06:52, Low Tide: 01:23, High tide: 19:13 Walvis Bay: 11° | 20° Wind speed: 36km/h, Wind direction: S, Low tide: 12:40, High tide: 06:51, Low Tide: 01:23, High tide: 19:12 Rehoboth: 8° | 26° Mariental: 11° | 27° Keetmanshoop: 11° | 26° Aranos: 10° | 28° Lüderitz: 10° | 22° Ariamsvlei: 11° | 27° Oranjemund: 11° | 17° Luanda: 21° | 22° Gaborone: 23° | 35° Lubumbashi: 16° | 38° Mbabane: 16° | 25° Maseru: 12° | 20° Antananarivo: 9° | 27° Lilongwe: 21° | 32° Maputo: 21° | 30° Windhoek: 10° | 28° Cape Town: 11° | 17° Durban: 18° | 23° Johannesburg: 17° | 28° Dar es Salaam: 24° | 29° Lusaka: 22° | 35° Harare: 19° | 31° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.59 | CNY to NAD 2.48 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.17 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.53 | USD to AOA 926.34 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.48 | USD to NGN 1645.13 | USD to ZAR 17.64 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1786.9 Down -0.02% | Casablanca Stock Exchange (CSE) MASI 13998.92 Up +0.82% | Egyptian Exchange (EGX) 30 Index 30497.83 Up +0.04% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 582.19/OZ UP +0.12% | Copper US$ 4.19/lb DOWN -0.0026 | Zinc US$ 2 919.80/T UP 0.11% | Brent Crude Oil US$ 72.53/BBP UP +0.72% | Platinum US$ 990.07/OZ DOWN -0.0048 |