Also known as: CAM
Namibian investment firm owned by Capricorn Group, holding 35.5% of the country's unit trust market as of Q1 2026.
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The Namibian
Capricorn Asset Management followed closely with 16.0% market share
“Capricorn Asset Management followed closely with a 16.0% market share, while Ninety-One Asset Management Namibia managed 12.1%.”
Pension savings lift Namibia’s investment assets to N$342bnThe Namibian
Capricorn Asset Management captured the second-largest market share at 16% in broader investment management
“In the broader investment management sector, which oversees a total of N$342.6 billion, Capricorn Asset Management captured the second-largest market share at 16%.”
Capricorn dominates Namibia’s investment marketNew Era
Capricorn Asset Management analyzes Namibia's fiscal trajectory and budget
“This is according to Floris Bergh, chief economist at Capricorn Asset Management (CAM), whose latest budget analysis forecasts that Namibia's creditworthiness is unlikely to improve and that funding pressure is expected to remain high as State-Owned Enterprises (SOEs) join the queue.”
CAM economist expects funding pressure to remain highThe Namibian
Capricorn Asset Management Chief economist Floris Bergh said limited revenue growth will leave government with minimal fiscal space
“Chief economist at Capricorn Asset Management Floris Bergh said limited revenue growth is likely to leave the government with minimal fiscal space at a time when expenditure demands remain elevated.”
Fiscal constraints set to shape Namibia’s 2026/27 national budgetCapricorn Group, which owns Bank Windhoek and Capricorn Asset Management, has been a top performer on the Namibia Securities Exchange with a 32.45% share price increase over the past 12 months. The NSX Overall Index rose 1.06% over the latest trading week, with mixed performance across listed companies.
16 hours ago · The Namibian →
Capricorn Group, which owns Bank Windhoek and Capricorn Asset Management, has been a top performer on the Namibia Securities Exchange with a 32.45% share price increase over the past 12 months. The NSX Overall Index rose 1.06% over the latest trading week, with mixed performance across listed companies.
16 hours ago · The Namibian →
Assets managed by Namibia's investment firms reached N$342.6 billion in the first quarter of 2026, up 1.3% from the previous quarter and 18.2% year-on-year, with pension funds accounting for 42.5% of total assets under management at N$145.5 billion.
6 July 2026 · The Namibian →
Capricorn Unit Trust Management Company holds the largest share of Namibia's collective investment schemes market with 35.5% of total assets, as of Q1 2026. The country's unit trusts hold N$126.5 billion in total assets, with the top three managers controlling 57.9% of assets under management.
2 July 2026 · The Namibian →
CAM chief economist Floris Bergh warns that Namibia's fiscal trajectory has deteriorated and creditworthiness is unlikely to improve, with funding pressure expected to remain high as state-owned enterprises seek capital market borrowing. The 2026 deficit is forecast at 5.8% of GDP (N$16.6 billion), well above the healthy 3% threshold, with interest costs consuming 18% of government revenue.
19 March 2026 · New Era →
As Finance Minister Ericah Shafudah tables the national budget, analysts warn that rising debt-to-GDP ratios and constrained fiscal space pose sustainability challenges, while economists call for policy clarity, strategic investment in education and infrastructure, and balanced spending to address unemployment and weak growth.
26 February 2026 · New Era →
Economists warn that weaker-than-expected revenue collections will limit government spending and create difficult policy trade-offs, with limited fiscal space and elevated expenditure demands requiring disciplined management to keep the deficit within preferred levels. The upcoming budget is expected to clarify fiscal policy direction and investment frameworks while balancing revenue performance with expenditure commitments through improved resource prioritisation and efficiency.
22 February 2026 · The Namibian →
The Economic Association of Namibia convened a public discussion on the upcoming National Budget, with economists emphasizing the need for growth to become more inclusive and highlighting the oil and gas sector's role in addressing unemployment and inequality. Panellists discussed tax incentives for venture capital and public-private partnerships as mechanisms to unlock investment and support entrepreneurship.
20 February 2026 · New Era →
The Capricorn Foundation has committed N$1.6 million to three education initiatives: Amos Meerkat Syllabus (N$600,000), EduVision Online Learning (N$609,744), and Karstveld Academy (N$423,330). The projects support early childhood development, online lessons in secondary schools, and student bursaries, with a focus on closing education gaps between rural and urban areas.
4 February 2026 · New Era →