
Namibia's investment firms saw their assets under management reach N$342.6 billion in the first quarter of 2026, largely due to pension savings. This represents a 1.3% increase from the previous quarter and an 18.2% rise year-on-year, according to the Namibia Financial Institutions Supervisory Authority's Namfisa latest report. The growth was attributed to favorable market performance, dividend and interest income, and consistent net inflows from investors. Pension funds accounted for 42.5% of the total assets, with N$145.5 billion managed on their behalf. Unit trust schemes made up 35.1%, and long-term insurers 12%. The majority of these investments, 52.3% or N$179.2 billion, remained within Namibia, reflecting a preference for local investment. Investments within the Common Monetary Area constituted 34.7%, while 12.9% were in offshore markets. Old Mutual Investment Group Namibia, Capricorn Asset Management, and Ninety-One Asset Management Namibia collectively managed 44.5% of the country's professionally managed investments. Most client funds were invested in listed shares N$102.3 billion, unit trusts N$97.5 billion, and listed debt instruments N$93.2 billion.
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This summary was AI-generated from a story originally published by The Namibian.
Must ReadCommissioner Michael Abraham, head of the police's VIP protection unit, has been removed from his position following a security breach at State House on April 30. The incident involved Giano Seibeb, 29, who allegedly gained unauthorized access and was found naked near the president's private residence. Abraham has been transferred to police headquarters, where he now serves as an adviser in the Office of the Inspector General. Deputy Commissioner Sebastian Kandunda has replaced Abraham as the head of the VIP protection unit. Acting Police Inspector General Anne-Marie Nainda confirmed Abraham's new role and questioned the public interest in internal police deployments. Commissioner Andreas Nelumbu, who was transferred to the Kavango West region on May 1 and was previously removed from President Netumbo Nandi-Ndaitwah's protection detail, is currently on leave. Reports from the Windhoek Observer in May suggested Nelumbu had resigned, but national police spokesperson Deputy Commissioner Kauna Shikwambi stated in mid-May that he remained an active police member. Abraham declined to comment on his removal.
Must ReadNamibia's emerging energy sector, driven by offshore discoveries in the Orange Basin, requires international companies to adopt a strategy of true partnership, transparency, and shared national progress. The nation is establishing a framework to ensure resource development adheres to structured, accountable, and compliant processes, as mandated by the Ministry of Industries, Mines and Energy and the National Petroleum Corporation of Namibia. Strict adherence to Namibian taxation and labor laws is non-negotiable for international actors. Beyond compliance, local content is central to the sector's evolution, with foreign companies expected to engage with domestic enterprises, invest in local workforce capacity, and facilitate knowledge transfer. Collaborative groups like the Contractors Oil and Gas Association of Namibia are forming consortia to compete for contracts, offering international partners insights into local market realities, access to prequalified pipelines, and fulfillment of local mandates. The Namibia Oil and Gas platform serves as a transparent digital hub connecting operators, regulators, and local suppliers, while the Namibia Oil and Gas Supplier Database helps foreign companies source prequalified local SMEs and talent for various services. Namibia welcomes international capital and technology but emphasizes that long-term success depends on honoring the nation's sovereignty, developing communities, and building collaborative, compliant ecosystems, treating l

The MTC Kasi Vibe Festival, scheduled from July 31 to August 2 at Brakwater Recreational Park near Windhoek, will introduce competitive sporting events this year. New additions include seven-a-side football, volleyball, and pool tournaments, along with fitness sessions. Event organiser Salmi Shigwedha stated that the festival aims to strengthen its role as a platform for business, culture, and community engagement, evolving beyond a music event. The expanded program will feature three entertainment stages with local and international performers, poetry, comedy, and talent showcases. A dedicated Kiddies World and affordable camping packages will also be available. The festival continues to focus on business, with hundreds of entrepreneurs and exhibitors expected to showcase their products and services. Shigwedha noted that the program has been broadened to appeal to a wider audience, combining business, arts, music, and sport. To ensure accessibility, free municipal buses will operate from designated pick-up points across Windhoek for ticket holders. Security and emergency services, supported by event marshals, designated access points, traffic management, and parking facilities, will be deployed throughout the festival.