Mineworkers Union of Namibia investment assets exceed N$900 million
via The Namibian3 min read
The Mineworkers Union of Namibia MUN announced that its investment structures now hold assets valued at over N$900 million. This figure was disclosed during a media engagement in Windhoek, where the union detailed its investment activities and recent efforts to safeguard jobs within the mining sector. The assets are managed through the Namibia Mineworkers Trust Namitvest and the Namibia Mineworkers Investment Holdings Company Nammic, which invest on behalf of union members and beneficiaries. Union president Poco-Key Mberiuana emphasized that the union's mission extends beyond collective bargaining and labor representation. General secretary George Ampweya added that a key aspect of their work involves advancing the long-term economic interests of workers and maintaining transparent communication. The MUN has recently supported employees facing retrenchment and voluntary separation programs at companies such as Finestar Jewellery and Diamond Namibia and the Sinomine Tsumeb Smelter. Additionally, the union's education fund has provided bursaries, assisting over 580 students with their tertiary education. The MUN is preparing to celebrate its 40th anniversary in November, with plans to host regional discussions on labor reform, worker welfare, and participation in Namibia’s mining value chain.
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This summary was AI-generated from a story originally published by The Namibian.
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