The Mineworkers Union of Namibia (MUN) says assets held through its investment structures have grown to more than N$900 million.
The union revealed the figure during a media engagement in Windhoek this week, where it outlined its investment activities and recent interventions to protect jobs in the mining sector.
It says the assets are held through the Namibia Mineworkers Trust (Namitvest) and the Namibia Mineworkers Investment Holdings Company (Nammic), which invest on behalf of members and beneficiaries.
Union president Poco-Key Mberiuana said the union’s focus extends beyond collective bargaining and labour representation.
“As we approach 40 years of service, we reflect on the impact we continue to make in the lives of workers and communities,” he said.
The union said mineworkers, former mineworkers and their descendants have a stake in Nammic through Namitvest, a structure funded through monthly payroll deductions from participating members.
General secretary George Ampweya said the union’s role includes advancing workers’ long-term economic interests.
“Our work is not only about representing workers, but about clear and honest communication between the union, our members and the public,” he said.
The union recently represented employees facing retrenchments and voluntary separation programmes at several mining-related companies, including Finestar Jewellery and Diamond Namibia and the Sinomine Tsumeb Smelter.
Additionally, the union says its education fund has supported more than 580 students through tertiary studies with its bursary scheme.
The MUN will mark its 40th anniversary in November and plans to host a series of regional discussions on labour reform, worker welfare and participation in Namibia’s mining value chain.
