Our Story
The MUN realised that there was a great need for its active participation in the development and restructuring of the Namibian economy. This resulted in the adoption of a resolution to create NAM-MIC Holdings. NAM-MIC Holdings was created to enter into business joint ventures with credible and visionary partners. The intention behind the venture is to jointly service identified emerging markets, as well as to empower the previously disadvantaged groups of society. This is to be achieved by creating capacity that will enable them to develop new industries and broaden the economic base that will lead to new job opportunities.
The main business objective of NAM-MIC
To act as principal investing in movable and immovable property, both corporeal of every description and in particular, patent rights, land, building, shares, stocks, debentures, debenture stock, mortgages and other bonds, obligation and securities of all kinds whether by way of purchase, original subscription, tender, exchange or otherwise.
The aim of the MUN has been to ensure that its beneficiaries' (being its members, former members and their dependants) lives are uplifted through the activities of the commercial arm. Having prudently grown the NAM-MIC portfolio to a level of significance, the MUN Trust being the 100% shareholder of NAM-MIC will now dilute 25% of its shareholding in NAM-MIC to a targeted database of 37,000 members, former members and their dependents through a special purpose vehicle called NAMITVEST Investment Holdings (Pty) Ltd (NAMITVEST). Apart from holding a 25% stake in NAM-MIC, NAMITVEST will also pursue direct investment opportunities to grow the wealth portfolio of the beneficiaries/shareholders.
In addition, NAMITVEST has established a Loyalty & Rewards Programme that will onboard various service providers such as retailers across Namibia, where beneficiaries will be able to receive discounts on their purchases, therefore creating a direct benefit for beneficiaries today in a manner that will uplift their daily lives. This is an extensive broad-based empowerment initiative that aims to build the investment portfolio for members, build generational wealth for our beneficiaries and their dependents and create a buffer that mitigates the impact of job losses due to economic shocks experienced in the mining sector from time to time.