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Empowering Namibians through affordable housing initiatives

Addressing the housing crisis
NAM-MIC allocates over 60% of investments to housing projects, ensuring every Namibian has a chance at a stable future.
Phillipus Josef
Access to affordable housing is increasingly recognised as a crucial driver of economic empowerment, social inclusion and community well-being.

In Namibia, the struggle for accessible housing continues amid challenges like poverty, inequality and limited access to basic services.

In response to these issues, the Namibia Mineworkers Investment Holdings Company (NAM-MIC) is taking steps to ensure that more Namibians have access to safe and affordable housing.

According to chairperson John Ndeutepo, affordable housing is not merely a basic need, but a fundamental right. At NAM-MIC, the focus is on ensuring that all Namibians have the opportunity to thrive through accessible, sustainable, and inclusive housing developments.

With over 60% of NAM-MIC's investments directed towards housing projects, the company is taking an active role in addressing the country's housing crisis, aligning with the Namibian housing policy that emphasises access to basic services and shelter as an inherent right.



Pathways to prosperity

NAM-MIC's housing investments extend to all parts of Namibia, reaching urban centres and remote areas alike. “By funding these projects, we are not only providing homes, but also creating jobs, stimulating local economies as well as forming a sense of community,” Ndeutepo said.

Statistics from the Namibia Statistics Agency indicate that a proportion of Namibians live in informal settlements, highlighting the urgency for affordable housing solutions.

The introduction of projects like those spearheaded by NAM-MIC contributes to alleviating this pressing issue by making housing more accessible to low-income citizens. Internationally, access to affordable housing has been shown to improve education and employment opportunities, ultimately driving economic growth.

The Organisation for Economic Co-Operation and Development pointed out that affordable housing directly impacts people's ability to pursue education and entrepreneurship. NAM-MIC's initiative aligns with this global perspective by not only providing shelter, but also supporting pathways to prosperity.

The company's housing efforts are also part of a broader strategy that aims to create long-term value for its shareholders.

In partnership with Namitvest, NAM-MIC is investing in multiple growth sectors to promote the long-term prosperity of Namibia. This approach aims at empowering Namibians both economically and socially, contributing to the country's overall progress.

“Affordable housing is more than just shelter; it is a foundation for empowerment,” Ndeutepo emphasised.

By focusing on low-income Namibians, NAM-MIC aims to provide homes that help individuals pursue their aspirations - whether in education, employment or entrepreneurship - thereby building stronger communities, he said.

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Allgemeine Zeitung 2024-11-01

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Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Currency: GBP to NAD 22.78 | EUR to NAD 19.13 | CNY to NAD 2.48 | USD to NAD 17.65 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.96 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.88 | USD to KES 129.2 | USD to NGN 1650.44 | USD to ZAR 17.66 | USD to ZMW 26.78 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1867.43 Up +0.66% | Casablanca Stock Exchange (CSE) MASI 14269.96 Up +0.72% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 736.50/OZ DOWN -0.0037 | Copper US$ 4.34/lb DOWN -0.0026 | Zinc US$ 3 075.10/T UP 0.17% | Brent Crude Oil US$ 73.55/BBP DOWN -0.0122 | Platinum US$ 988.90/OZ DOWN -0.001 Sport results: Weather: Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Economic Indicators: Currency: GBP to NAD 22.78 | EUR to NAD 19.13 | CNY to NAD 2.48 | USD to NAD 17.65 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.96 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.88 | USD to KES 129.2 | USD to NGN 1650.44 | USD to ZAR 17.66 | USD to ZMW 26.78 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1867.43 Up +0.66% | Casablanca Stock Exchange (CSE) MASI 14269.96 Up +0.72% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 736.50/OZ DOWN -0.0037 | Copper US$ 4.34/lb DOWN -0.0026 | Zinc US$ 3 075.10/T UP 0.17% | Brent Crude Oil US$ 73.55/BBP DOWN -0.0122 | Platinum US$ 988.90/OZ DOWN -0.001