Namitvest Investment Holdings has made its first dividend payout to almost 700 beneficiaries in its mission to empower members and former members of the Mineworkers Union of Namibia.

The beneficiaries received a dividend of N$1 per share, with almost N$1 million paid out in total.

The dividend payout that was made in November is a culmination of Namitvest's 25% of Nam-Mic, which forms the backbone of its investment portfolio.

All stakeholders who are fully compliant with the KYC requirements of the transfer secretaries and who have made payments towards their shares will qualify to receive their dividend.

The chairperson of the Economic Association of Namibia, Jason Kasuto, says this is not only a financial achievement but a promise to uplift, empower, and transform lives.

"Namitvest was born from a vision of creating a brighter future for mineworkers and their families, a future where financial empowerment and generational wealth are within reach. From its inception, the mission has been clear: to ensure that the hard work of our members translates into lasting benefits, stability, and economic opportunities for themselves and their dependents."

Chairperson of Namitvest, Mayemelo Kalumbu, commended the Mineworkers Union of Namibia for laying the groundwork for this achievement.

He encouraged beneficiaries to reinvest wisely, plan for the future, and take pride in being part of the initiative that is aimed at creating lasting economic value and generational wealth.

"I want to extend my heartfelt gratitude to our esteemed beneficiaries, both members and ex-members of the Mineworkers Union of Namibia, and to the vulnerable individuals who are the heart of this initiative. Thank you for trusting Namitvest, for believing in the vision of creating financial growth and generational wealth, and for your commitment to building a brighter future for yourselves and your families."

The next dividends are expected in the first quarter of 2025.