The audit committee’s mandate is to ensure effective internal controls and risk management as well as promote the integrity of financial reporting in the Fund.
Nillian Mulemi
Member
Chief Executive Officer: Petroleum Training and Education Fund (PETROFUND)
Position on the Board: Trustee
Qualifications: MSc. Finance; B.Acc; B.Juris; Nat.Dip Cost Accounting
Appointed: May 2018 by the Government of the Republic of Namibia
Faniel Kisting
Chairperson
Consultant
Position on the Board: Trustee
Qualifications: MBA; CA (Nam) (SA); RAA (Nam); B.Com; B.Compt.
Appointed: October 2017 by the Government of the Republic of Namibia
Penda Ithindi
Member
Deputy Executive Director, Ministry of Agriculture, Water and Land Reform
Position on the Board: Board Chairperson (01 January 2024 –to-date)
Qualifications: M.Sc. Financial Economics; B.A Mathematics, Economics
Appointed: September 2020 by the Government of the Republic of Namibia
Mihe Gaomab II
Member
Chief Executive Officer: Namibia Industrial Development Agency (NIDA)
Position on the Board: Trustee
Qualifications: MSc (Quantitative Economics); Postgraduate Diploma in Investment and Portfolio Management; Diploma in Project Management; Diploma in Senior Management; B.Com Honors
Appointed: January 2022 by the Government of the Republic of Namibia
Petrus Nevonga
Member
General Secretary: Namibia Public Workers Union (NAPWU)
Position on the Board: Trustee
Qualifications: MBA (Entrepreneurship); Postgraduate Diploma: Business Administration; B-Tech: Business Administration; National Diploma: Human Resources
Appointed: July 2021 by the Namibia Public Workers’ Union (NAPWU)
Martha Dama
Specialist Member
Deputy Director: Business Systems – Bank of Namibia
Position on the Board: Trustee
Qualifications: MBA, MSc (Information Technology), Senior and Management Diplomas from the University of Stellenbosch Other roles: Ihthus Fishing Company (Pty) Limited (Chairperson);
Appointed: April 2020 by the GIPF Board of Trustees Management Committee Member – ELCIN Hosianna Synagogue
The Committee’s mandate is to:
- Ensure that a sound system of risk and internal control is maintained to protect and safeguard the Fund’s assets
- Review the activities and effectiveness of the Internal Audit function
- Evaluate the independence, objectivity and effectiveness of the external auditors
- Review any accounting and auditing concern identified by internal and external auditors
- Promote the accuracy, reliability and credibility of financial reporting
- Consider and recommend the audited annual financial statements to the Board of Trustees
- Conduct oversight over the risk management of the Fund
- Provide internal assurance to the annual integrated report of the Fund
- Conduct oversight over Information Technology governance