GIPF’s Capricorn stake given the nod

19 May 2017
Government Institutions Pension Fund (GIPF) has received all regulatory approvals to acquire a 25 percent interest in Capricorn Investment Group Limited.
GIPF, the largest institutional investor in Namibia, acquired a 15,5 percent interest in Capricorn Group from Capricorn Investment Holdings Limited (CIH) and a further 9,5 percent shareholding from Namibia Strategic Investments (Pty) Limited, at a total consideration in excess of N$2 billion.  As a result of the transaction, CIH’s shareholding in Capricorn Group has now decreased from 56 percent to 40,5 percent, while GIPF’s stake in Capricorn Group now stands at 26 percent, making the Fund the group’s second largest shareholder. 
The Capricorn Group said in a statement that GIPF has already shown its commitment to fulfil the role of shareholder of reference by offering an immediate long-term senior debt funding of N$1,3 billion to the group as part of the transaction. Capricorn further said that on-boarding GIPF as a substantial shareholder would reduce both the capital risk and liquidity risk of the group.


The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

Contact Us

Windhoek Observer House
c/o John Meinert & Rossini Street
Windhoek West
Tel: +264 61 411 800
Fax: +264 61 226 098