Namibia Asset Management marked three decades of growth from managing a few hundred million Namibian dollars in assets to overseeing more than N$23 billion today, representing over 7% of Namibia's national savings.
Speakers at the event described the 30th anniversary as a reflection of the resilience, discipline, innovation, and trust built over three decades.
President Netumbo Nandi-Ndaitwah said the journey of Nam Asset Management is part of Namibia's nation-building, economic empowerment, and post-independence progress.
She praised the asset management industry for deepening financial markets, boosting investor confidence and mobilising domestic capital for development.
Dr. Nandi-Ndaitwah stressed the sector's impact on ordinary Namibians saving for retirement, education and security and called for greater financial inclusion and literacy so investment opportunities reach all income groups and regions.
Her remarks were delivered on her behalf by Finance Minister Erica Shafudah.
"We must continue to encourage innovation in investment products, support alternative asset classes, improve efficiency, and strengthen collaboration between government, regulators, and industry participants. A deeper capital market enables better allocation of capital, reduces systemic risk, and enhances economic resilience."
The Government Institutions Pension Fund (GIPF), a long-time NAM Asset client, said its asset base stood at about N$209 billion as of March 2026, with 47.8% invested locally, above the 45% regulatory requirement.
Its CEO, Martin Inkumbi, said GIPF's domestic investments aim to finance infrastructure and economic development, not just meet rules, and noted NAM Asset has managed roughly N$14 billion of GIPF mandates since their partnership began in 1996.
"As Namibia's investment landscape evolves, so must we, as we expand our focus to empower Namibians to start investing with confidence, no matter where they are in their financial journey."
Nam Asset CEO Tarah Shaanika said the firm grew from a few hundred million to over N$23 billion in assets, a rise he credited to client trust.
He noted that the company's expansion mirrors Namibia's financial-sector development, while its key achievement is nurturing local talent.
"Namibia's asset management has long served as a place where talent is nurtured, leadership is cultivated, and capability and capacity are built. Many who have been part of this institution throughout the journey of 30 years have gone on to make meaningful contributions across the broader Namibian economy."
Looking ahead, Shaanika said the company aims to build a distinctively Namibian, strategically agile, digitally enabled, and globally competitive brand while continuing to safeguard national savings and unlock new investment opportunities.