Old Mutual Investment Group

Also known as: Old Mutual Investment Group Namibia · OMIGNAM · Old Mutual Unit Trust Management Company Namibia

Investment and financial services group that manages pension funds, real estate investments, and insurance products in Namibia.

2024-02-172026-08-21

What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

January 2026
27 JanNew Era
Old Mutual offers two main funeral products: Family Funeral Cover and Extended Family Funeral Cover
Source
“Old Mutual, one of Namibia's major insurers, offers two main funeral products, namely Family Funeral Cover and Extended Family Funeral Cover.”
Funeral cover under scrutiny …as scams and greed shake up sector
21 JanThe Namibian
Old Mutual Investment Group acquired a majority stake in 10X Investments for R2.2 billion
Source
“Financial services giant Old Mutual has acquired a majority stake in 10X Investments.”
Old Mutual acquires 10X Investments in R2.2 billion deal
July 2024
1 JulThe Namibian
Old Mutual projects university 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.”
Youth month highlights financial struggles: Education costs vs retirement savings
February 2024
17 FebThe Namibian
Old Mutual provided financing of N$65 million for Unam solar project
Source
“The University of Namibia (Unam) solar project has secured financing of N$65 million from the Development Bank of Namibia and Old Mutual.”
Solar project worth N$65m on the cards

Society

City employee arrested in Old Mutual insurance fraud investigation

The News

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 →

Wednesday 15 July

City employee arrested in Old Mutual insurance fraud investigation
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 →

Monday 6 July

Prosecutor General freezes N$291,987.85 in insurance fraud case
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 →
Pension funds drive Namibian assets to N$342.6 billion
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 →

Thursday 2 July

Capricorn dominates Namibia unit trust market with 35.5% share
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 →

Monday 22 June

Property fund distributes N$21.66 million to GIPF
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 →
Tunga Real Estate Fund distributes N$21.6m to GIPF
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 →

Saturday 20 June

Family disputes funeral policies taken out without patient's consent
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 →

Thursday 9 April

Old Mutual appoints Sepo Haihambo as managing director
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 →

Tuesday 24 March

Old Mutual launches 311-plot housing project in Mariental
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 invests N$12.75m in Mariental affordable housing
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 →

Wednesday 25 February

Old Mutual appoints Moller as head of broker distribution
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 →

Wednesday 4 February

Personal loans as financial tool when used responsibly
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 →

Tuesday 3 February

Omaheke farmer donates goods and funds to ECD centre
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 →

Tuesday 27 January

Funeral cover sector faces fraud scrutiny, tighter regulation needed
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 →

Wednesday 21 January

Old Mutual acquires majority stake in 10X Investments
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 →