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NAM-MIC IS BORN
The Namibia Mineworkers Investment Holdings Company (NAM-MIC Holdings) (Pty) Ltd was incorporated on 7th July 1997 when the National Executive Committee of Mineworkers Union of Namibia (MUN) created the Namibia Miners Investment Trust (NAMIT).
Since then NAM-MIC has grown its portfolio over 100 times and is now able to fund an initiative to provide MUN ex members, members and their dependants with direct benefits from the continued growth in NAM-MIC's portfolio.
NAMITVEST LAUNCHED
The Mineworkers Union of Namibia through its commercial arm the Namibia Miners Investment Trust (NAMIT) has sold 25% of NAMIT’s shareholding in the Namibia Mineworkers Investment Holding Company (NAM-MIC) to an initiative to provide direct benefits to MUN ex members, members and their dependents. This initiative is called NAMITVEST. On October 1st 2021, NAMITVEST was officially launched. NAMITVEST offers all members ownership via the purchase of parts that are known as UNITs.