Namibia: Female Homeownership Impresses Geingob

President Hage Geingob has expressed contentment to learn that 57% of proud homeowners at the Osona Village south of Okahandja are women. The village, developed for low and middle-income earners, currently has over 1 000 homeowners.

The 1 100-hectare village project, which is worth N$230 million, is an initiative of the Government Institutions Pension Fund (GIPF) in partnership with local business Preferred Investment Property Fund under its unlisted investment programme (UIP) for the construction of houses.

In 2014, Geingob was invited for a groundbreaking ceremony signalling the start of the construction of over 1 000 houses. GIPF CEO David Nuyoma on Friday during the Osona site visit informed Geingob that the majority of homeowners are women.

Most of these Osona residents commute daily to and from Windhoek. “What is also fascinating to see is when the statistics were produced yesterday [Thursday], 57% of those that are here as homeowners are female, which is indeed a huge transformation and empowerment. What we have also noticed is that the houses are affordable ranging from N$400 000, but on average it is N$600 plus because there are those who have opted to have bigger houses on average of N$660 000,” Nuyoma said. Preference has to be given to men and women in uniform from the ministries of defence, health, safety, and security, as well as environment and tourism, but applications from all other government ministries and private individuals are also being considered. “Comrade President gave us clear marching orders that day that there should be provision for uniformed officers, civil servants and that is what has happened.