Mineworkers' union investment empire faces transparency and benefit questions
Namibia's Mineworkers' Union of Namibia channels members' dues through Namibia Miners Investment Trust (Namit) and Nam-Mic Holdings, which have grown into a N$900-million portfolio with stakes in banks, mines, hotels and other sectors. Members and their representatives say they have seen little benefit from their decades of contributions and allege lack of transparency and financial irregularities.
Mineworkers' union investment empire transparency crisis exposes potential financial mismanagement affecting thousands of members' livelihoods and retirement.
21 June 2026 · The Namibian →