Namdeb, NAMITVEST and MUN

On 7 April 2026, Namdeb Diamond Corporation, NAMITVEST and the Mineworkers Union of Namibia (MUN) signed an agreement enabling Namdeb employees to invest directly in NAMITVEST investment opportunities through a payroll deduction system.

This initiative highlights the collective commitment of all parties to advance financial inclusion within Namibia’s mining sector. It provides employees with the chance to build personal and family wealth without requiring large upfront capital.

Under the agreement, employees may select from various NAMITVEST investment options, with contributions deducted from their monthly salaries. To safeguard workers from overcommitting, only a limited portion of their income can be allocated to these investments. Participation is entirely voluntary, ensuring that those uninterested are not obligated to join.

Speaking at the signing, Namdeb CEO Riaan Burger emphasised the company’s responsibility to empower its workforce beyond the workplace: “This partnership gives our employees practical tools to participate in wealth creation and plan for the future. We are marking a very important milestone and a significant opportunity for our employees. We believe that they are at the heart of all we do.”

He further noted that financial empowerment is a critical pillar for sustainable growth, removing barriers and enabling responsible decision-making. By facilitating payroll deductions, Namdeb is making it easier for employees to invest, plan and secure their financial futures.

MUN Acting President Poco-Key Mberiuana stressed the importance of financial literacy and consumer education: “For the last decade we have fought for fair wages and financial support. While daily needs remain pressing, we have an obligation to teach our members to save and invest, building generational wealth.”

The agreement also underscores retirement preparedness as a key outcome. Payroll deductions allow employees to steadily grow supplementary savings that complement existing pension benefits, reducing vulnerability after retirement and promoting independence and dignity.

NAMITVEST Chairperson Mayamelo Kalumbu highlighted the broader impact of the initiative: “This is about progress and inclusion. For too long, many have had fewer privileges. The agreement introduces simple discipline that allows employees, who form the backbone of our economy, to invest directly.”

Together, Namdeb, NAMITVEST and MUN have set a precedent for financial empowerment in Namibia’s mining industry, ensuring that employees can build sustainable wealth.