Also known as: Old Mutual Investment Group Namibia · OMIGNAM
Investment and financial services group managing real estate funds and affordable housing projects in Namibia, recently appointed Sepo Haihambo as managing director.
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July 2024
The Namibian
Old Mutualprojectsuniversity tuition fees could reach R176,000 per year by 2030 and R253,000 per year by 2035
Source
“Projections from Old Mutual indicate that university tuition fees could reach R176,000 per year by 2030 and R253,000 per year by 2035, marking a 9.5% annual increase.”
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.
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.