Also known as: Old Mutual Investment Group Namibia · OMIGNAM · Old Mutual Unit Trust Management Company Namibia · Old Mutual Limited
Financial services group managing unit trusts, life insurance, banking, wealth management, and real estate investments across Namibia and the broader region.
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The Namibian
Old Mutual Investment Group held 16.3% of the broader N$353.8 billion investment management industry
“It was just behind Old Mutual Investment Group, which held 16.3%.”
Capricorn dominates unit trust marketWindhoek Observer
Old Mutual Investment Group reported Life annual premium equivalent sales increased 21% to R7.857 billion from R6.470 billion
“Life annual premium equivalent (APE) sales increased 21% to R7.857 billion from R6.470 billion in the prior period.”
Old Mutual sets Namibia dividend at 40 cents per shareThe Namibian
Old Mutual Investment Group manages 8.9% of Namibia's unit trust industry assets
“Capricorn Unit Trust Management Company manages 35.5%, followed by Ashburton at 13.5% and Old Mutual at 8.9%.”
Unit trusts: A simple way to grow your moneyWindhoek Observer
Old Mutual financed the N$450 million wastewater treatment plant project
“The project, financed by Standard Bank Namibia and Old Mutual, is expected to take 13 to 14 months to complete.”
Katima residents pin hopes on new wastewater plantNew Era
Old Mutual is financier of N$450 million Katima Mulilo Wastewater Treatment Plant project
“Kabende said the council would continue monitoring local employment, as the project's financiers, Standard Bank and Old Mutual, require quarterly reports on local workforce participation.”
N$450m Katima wastewater project flowsThe Namibian
Old Mutual Investment Group Namibia remained country's largest investment manager with 16.4% market share
“Old Mutual Investment Group Namibia remained the country's largest investment manager, overseeing 16.4% of all assets under management.”
Pension savings lift Namibia’s investment assets to N$342bnThe Namibian
Old Mutual Investment Group holds 8.9% of CIS assets and is among the top trio controlling 44.5% of investment management
“Ashburton Unit Trust Management Company sits in second place with a 13.5% market share, followed by Old Mutual Unit Trust Management Company Namibia at 8.9%.”
Capricorn dominates Namibia’s investment marketThe Namibian
Old Mutual Investment Group Namibia has invested N$3 billion across various alternative investment funds over 21 years
“Haihambo said Old Mutual Investment Group Namibia has invested N$3 billion across various alternative investment funds over the past 21 years, exiting 31 investments while maintaining 26 active positions.”
Property fund distributes N$22m to GIPFNamibian Sun
Old Mutual Group confirmed operates in full compliance with all applicable regulatory requirements
“"We confirm that we operate in full compliance with all applicable regulatory requirements and have robust safeguards in place to protect our customers," she said.”
Insured for death, abandoned in lifeThe Namibian
Old Mutual Investment Group appointed Sepo Haihambo as managing director designate for Namibian operations
“The Old Mutual Investment Group has appointed Sepo Haihambo as managing director designate for its Namibian operations, effective 1 April.”
Old Mutual appoints Sepo Haihambo as MDCapricorn Unit Trust Management Company remains Namibia's largest collective investment scheme manager with 35.9% of the N$128.4 billion market as of June. The top three managers—Capricorn, Ashburton, and Old Mutual—together held 57.7% of the market, while assets under management grew 1.5% from the previous quarter and 14.4% year-on-year.
3 October 2026 · The Namibian →
Capricorn Unit Trust Management Company remains Namibia's largest collective investment scheme manager with 35.9% of the N$128.4 billion market as of June. The top three managers—Capricorn, Ashburton, and Old Mutual—together held 57.7% of the market, while assets under management grew 1.5% from the previous quarter and 14.4% year-on-year.
3 October 2026 · The Namibian →
Skeleton Basin Investments Limited has appointed three independent non-executive directors, including Debmarine Namibia chief executive officer Willy Mertens as chairman of the board, effective 25 September 2026.
28 September 2026 · Windhoek Observer →
Old Mutual Limited will pay Namibian shareholders an interim dividend of 40 cents per share, payable 5 October 2026, subject to 20% withholding tax (32 cents net). The dividend follows the company's interim results announcement in September 2026.
18 September 2026 · Windhoek Observer →
A unit trust is a collective investment scheme in which many investors pool their money together and a professional fund manager invests it in shares, bonds, and other assets. This allows individuals to access diversified investments without needing large initial capital.
12 September 2026 · The Namibian →
Old Mutual Bank grew its customer numbers to 742,000 and retail deposits to N$1.4 billion in the first half of 2026, supported by the group's distribution footprint and integration opportunities as it pursues profitability by financial year 2028.
10 September 2026 · Windhoek Observer →
Katima Mulilo Town Council has handed over the site for a N$450 million wastewater treatment plant to contractor Fulbright Water, financed by Standard Bank Namibia and Old Mutual. The 13 to 14-month project aims to address persistent sewerage problems while creating local employment opportunities.
4 September 2026 · Windhoek Observer →
Construction of the Katima Mulilo Wastewater Treatment Plant has begun following the handover of the project site to Fulbright Water, after delays related to environmental clearance and resident relocation. The project includes the treatment plant, upgraded sewer infrastructure, and network expansion, with about 70–75% of the workforce sourced from the Zambezi region.
1 September 2026 · New Era →
Old Mutual Limited reported strong new business growth for the six months ended 30 June 2026, with Life APE sales rising 21% to N$7.86 billion and gross flows increasing 21% to N$128.91 billion, though adjusted headline earnings were affected by weaker shareholder investment returns in volatile financial markets. The financial services group attributed growth mainly to strong group risk and annuity sales in Old Mutual Corporate, higher living annuity and endowment sales in Wealth Management, and growth across Old Mutual Africa Regions.
1 September 2026 · Windhoek Observer →
Daniel Kashima, a former insurance broker, testified in Oshakati Magistrate's Court on Tuesday during his bail application on a fraud charge involving N$2.2 million. Kashima denied allegations that he stole money belonging to Andalberd Shilongo from Momentum Metropolitan, claiming he was expecting a legitimate business transaction payment from Shilongo on the day of his arrest.
27 August 2026 · The Namibian →
A City of Windhoek employee, Doreen Zullnola Zamuee, was arrested and appeared in court on charges of fraud, forgery and uttering in connection with a scheme involving fake death certificates and fraudulent insurance claims worth millions. According to court documents, she allegedly induced Old Mutual to pay out N$5 182 391 between October 2020 and August 2025, and sources allege she is a cousin of the alleged mastermind who remains on the run.
15 July 2026 · New Era →
The Acting Prosecutor General has secured a court order freezing funds in a NamPost account belonging to a northern businessman who was defrauded of N$2.2 million in an insurance fraud scheme targeting his Momentum Metropolitan Namibia life savings.
6 July 2026 · Informanté →
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 →
Tunga Real Estate Fund distributed N$21.66 million to the Government Institutions Pension Fund, bringing total distributions to N$265 million. The fund invests in retail centres, office developments, distribution facilities and housing projects across several Namibian towns.
22 June 2026 · The Namibian →
Old Mutual Alternative Investments Namibia has announced a distribution from the Tunga Real Estate Fund to investor participants, with N$21.6 million allocated to the Government Institutions Pension Fund (GIPF), which holds a 99% stake. This brings total distributions to GIPF to N$266 million since the fund's establishment in September 2011.
22 June 2026 · Windhoek Observer →
A cancer patient's relatives allegedly took out multiple funeral policies on her life without her knowledge while neglecting her care and treatment costs; her sister was denied her own policy coverage, and the deceased's two children may not inherit from policies taken out in their mother's name.
20 June 2026 · Namibian Sun →
Old Mutual Investment Group has appointed Sepo Haihambo as managing director designate for its Namibian operations effective 1 April. Haihambo brings more than 20 years of leadership experience in banking, investment management and financial services, including previous roles at First National Bank Namibia.
9 April 2026 · The Namibian →
Old Mutual Investment Group Namibia has joined government and private partners to launch the Mariental Extension 6 Affordable Housing Development, which will deliver 311 serviced residential plots with 87 already completed. The project, officially launched by Vice President Lucia Witbooi, aims to ease pressure on housing demand in the town and is supported by the Tunga Fund, developers, and end-user financiers.
24 March 2026 · New Era →
Old Mutual Investment Group has committed N$12.75 million to the Mariental Extension 6 Affordable Housing Development in Hardap region, which includes servicing of 311 residential plots with 87 already completed. The project aims to expand access to affordable, serviced housing and contributes to job creation and community stability in the town.
24 March 2026 · The Namibian →
Old Mutual has appointed Pieter Moller as head of broker distribution within its personal finance business, effective 1 March 2026. Moller, who previously held several senior positions at Old Mutual, brings experience in distribution leadership, business development, and operational management.
25 February 2026 · New Era →
An Old Mutual finance executive explains that personal loans are neither inherently harmful nor helpful, but tools best used for genuine needs and emergencies rather than wants. Taking a loan only makes sense when the interest rate and terms are competitive versus alternatives, the loan improves stability or opportunity, and the borrower can repay comfortably without additional spending.
4 February 2026 · The Namibian →
Leonard Vehonga Kandjiriomuini, a farmer and tour guide in the Omaheke region, donated goods worth N$25,000 and N$11,000 for the head teacher's further studies to the Morukutu Early Child Development centre in Otjijarua. Kandjiriomuini said education requires support from all stakeholders and that investing in learners is key to reducing poverty and national development.
3 February 2026 · New Era →
Recent fraud scandals—including cases where dozens of policies were taken out on a single person and allegations of murder for insurance benefits—have prompted law enforcement to halt suspicious payouts and sparked debate over funeral cover criteria and explicit consent requirements. While the product remains vital financial protection for many Namibian families, insurers and regulators are calling for stricter verification processes and clearer rules to prevent abuse without limiting access.
27 January 2026 · New Era →
Old Mutual has acquired a majority stake in 10X Investments for R2.2 billion to strengthen its position in low-cost, technology-driven savings. The acquisition sees Old Mutual buying from its own private equity arm and DiGAME Investments, with 10X Investments having grown to manage over R68 billion in assets for more than 60 000 clients since its 2014 founding.
21 January 2026 · The Namibian →