Corporate Profile

About NAM-MIC Holdings

NAM-MIC Holdings is an investment holding company established to deliver sustainable long-term returns and shared socio-economic value for beneficiaries.

Our Story

The Namibia Mineworkers Investment Holdings Company (NAM-MIC Holdings) (Pty) Ltd was incorporated on 7 July 1997 when the National Executive Committee of the Mineworkers Union of Namibia (MUN) created the Namibia Miners Investment Trust (NAMIT).

NAM-MIC Holdings was created to pursue investment opportunities and is wholly owned by NAMIT after initial capitalization of N$ 600 000.00 from the Trust. The beneficiaries of the Trust are current and former mineworkers, energy workers, their dependents and the communities they hail from.

After MUN recognized the need for active participation in the development and restructuring of the Namibian economy, a resolution was adopted that led to the creation of NAM-MIC Holdings. The company was established to enter business joint ventures with credible and visionary partners while empowering previously disadvantaged groups by building capacity, broadening the economic base and creating new job opportunities.

NAM-MIC team

Milestones

1997
Year of Establishment
N$ 600K
Initial Capital
N$ 22M
Dividends Paid to Date

Investment Mandate

The main business objective of NAM-MIC Holdings is to act as principal investing in movable and immovable property, both corporeal of every description and in particular, patent rights, land, building, shares, stocks, debentures, debenture stock, mortgage and other bonds, obligations and securities of all kinds whether by way of purchase, original subscription, tender, exchange or otherwise.

Vision, Mission and Values

Vision

To be the leading broad-based organisation that strives to make a significant impact on the socio-economic development of Namibia.

Mission

To optimise shareholder's value through diligent investments.

Values

Excellence
Prosperity
Integrity
Care