Old Mutual Investment Groupholds8.9% of CIS assets and is among the top trio controlling 44.5% of investment management
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“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%.”
Old Mutual Investment Group Namibiahas investedN$3 billion across various alternative investment funds over 21 years
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“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.”
Old Mutual Groupconfirmed operates in full compliance withall applicable regulatory requirements
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“"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.”
Old Mutual Investment Group Namibiajoined government and private partners to launchnew affordable housing project in Mariental
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“The Old Mutual Investment Group Namibia has joined government and private partners to launch a new affordable housing project in Mariental, bringing hope to families struggling to access serviced land.”
Old Mutual Investment GroupinvestedN$12.75 million in Mariental Extension 6 Affordable Housing Development
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“The Old Mutual Investment Group has invested N$12.75 million in the Mariental Extension 6 Affordable Housing Development to expand access to affordable housing in the Hardap region.”
Old Mutual Investment GroupemployedPieter Moller as head of business development in Namibia
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“He previously held senior positions at Old Mutual, including head of distribution: retail mass market, chief operating officer, head of business development (Old Mutual Investment Group Namibia), and retail advice centre manager.”
Old Mutualprovided generous support toMorukutu ECD centre
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“Another appreciation was extended to Old Mutual, Ricky Tjijenda and his wife, and Epukiro constituency councillor Pineal Packy Pakarae for their generous support to the centre as well.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.