The Government Institutions Pension Fund (GIPF) has confirmed that nearly N$1.5 billion in its investments have lost value since 2008 - including the N$1 billion reported by The Namibian in November.
It is true, as prime minister Elijah Ngurare has stated, that the government has a major problem of "middlemen" and state employees more interested in self-enrichment than improving the living ...
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