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Ninety One Namibia and Sanlam Allianz Namibia today announced that they have signed a relationship agreement.
The intended transaction proposes to combine their respective active asset management businesses in Namibia. The transaction will be subject to various suspensive conditions, including shareholder and regulatory approvals. The relationship agreement mirrors the long-term strategic relationship announced in November 2024 between Sanlam Limited and Ninety One in South Africa and seeks to create a stronger Namibian investment platform that deepens local capability, cultivates investment talent and delivers better investment outcomes for clients and the economy.
In terms of the agreement, the enlarged business will operate under the Ninety One Namibia brand and will bring together the scale and expertise of both firms. The Sanlam Allianz Namibia group of companies will appoint the enlarged Ninety One Namibia as their primary active asset manager, for an initial 15-year term.
In addition, Sanlam Allianz Namibia will have the opportunity to invest in selected private credit and specialist credit strategies, primarily focused on local opportunities.
Eino Emvula, Managing Director of Ninety One Namibia, said: “This proposed combination represents a strong vote of confidence in Namibia’s investment industry. By bringing together two respected businesses with complementary strengths, we are creating a platform that can deliver long-term value to Namibian savers, institutions, and policyholders. The enlarged Ninety One Namibia will combine local expertise with global investment capabilities, enabling us to meet the evolving needs of our clients and support the growth of Namibia’s financial markets.”
Thabo Khojane, Managing Director, Africa, added: “Namibia’s investment industry is sophisticated and highly competitive, yet for long has faced a mismatch of capital. While domestic savings exceed the country’s GDP, this capital has often struggled to find its way into local, productive investments. The proposed strategic relationship seeks to help close that gap.
“By bringing together the complementary strengths of Ninety One Namibia and Sanlam Allianz Namibia, the enlarged business will have the capability to deploy more domestic savings into Namibian opportunities, particularly within private markets and infrastructure, where investment is essential to unlocking growth and job creation.”
Tertius Stears, Sanlam Allianz Namibia Group Chief Executive Officer, commented: “Sanlam Allianz Namibia is pleased to partner with a like-minded business with a shared Namibia heritage, proven global expertise and a reputable brand. By leveraging our complementary competencies, Sanlam Allianz Investments will be strengthening its Namibian and global position as a multi-skilled asset manager.
“Coupled with Sanlam Allianz Investments’ market-leading expertise in passive and alternative asset classes, as well as multi-managed solutions, the relationship is set to unlock value for its clients, distribution force and shareholders.”
The proposed transaction is subject to regulatory approval by the Namibia Competition Commission and NAMFISA, with completion expected in the second half of 2026.
