Old Mutual Investment Group Namibia (OMIGNAM) has announced that its alternative investment platform has mobilised N$3.022 billion over the past 21 years, reinforcing its role in driving Namibia’s economic development through housing, infrastructure, energy, healthcare and education projects.
Speaking at the Tunga Real Estate Fund handover ceremony at the Government Institutions Pension Fund (GIPF) headquarters OMIGNAM Invests N$3 Billion in Housing, Energy and Infrastructure Over 21 Years, Managing Director Sepo Haihambo highlighted the scale and impact of OMIGNAM’s investments.
“Since the launch of Old Mutual Investment Group’s first Alternative Investments Fund 21 years ago, we have invested N$3.022 billion across various funds, exited 31 investments and currently hold 26 active positions. These investments have facilitated the servicing of 3,000 erven, the construction of 2,000 houses, the development of 110MW of renewable energy capacity, and the establishment of two healthcare facilities and three education facilities,” Haihambo said.
She said OMIGNAM’s role is to channel long-term savings and capital into productive investments that strengthen the real economy while generating sustainable returns for investors.
“Alternative investments are inherently long-term and require both skill and strong governance to ensure the viability of those investments and their alignment with, and contribution to, national development priorities. It is precisely this combination of discipline and expertise that enables us to deploy capital with intent and impact,” Haihambo said.
According to Haihambo, OMIGNAM’s investment approach is grounded in disciplined origination, rigorous due diligence, active asset management and clear exit strategies, allowing the firm to convert complex opportunities into investments that deliver sustainable returns.
“Our platform continues to demonstrate progress in capital deployment, portfolio management and exits, with measurable distributions that reinforce confidence in unlisted investments in the country,” she said.
Haihambo credited GIPF’s long-term commitment and partnership as a key factor in enabling the platform’s impact, noting that pension capital has played a critical role in supporting Namibia’s infrastructure and housing pipeline.
“GIPF’s long-term commitment and partnership have been central to enabling this impact, with pension capital playing a vital role in supporting Namibia’s infrastructure and housing pipeline,” she said.
Tunga Real Estate Fund Chairperson Sara Katiti said the fund’s achievements form part of OMIGNAM’s broader alternative investment strategy, which has mobilised N$3.022 billion over the past two decades.
She said the partnership between GIPF and OMIGNAM demonstrates how disciplined investment can deliver both financial returns and measurable socio-economic benefits.
“These are not abstract investments. They are spaces where people shop, work and live. They support local businesses, create jobs and contribute to economic activity in a meaningful way,” Katiti said.
GIPF Chief Executive Officer Martin Inkumbi commended Old Mutual Investment Group Namibia for its disciplined and responsible management of the Tunga Real Estate Fund and acknowledged the contribution of all stakeholders involved in its success.
“The fund’s continued performance demonstrates what can be achieved through strong partnerships, disciplined execution and a shared commitment to national development,” Inkumbi said.
