Namibia Asset Management (Proprietary) Limited was founded in April 1996 as a wholly-owned subsidiary of Namibian Harvest Investments Limited (NHI) to provide an independent asset management service to institutional and individual investors. NHI was a broadly diversified financial services group that was successfully listed on the Namibian Stock Exchange in July 1998 with assets of N$200 million and no debt. After ten years in existence the NHI board of directors decided to refocus the business to asset management only. Thus all the non-core businesses have been closed.
With effect from 29 May 2006, NHI’s name was changed to Namibia Asset Management Limited (“NAM”) to reflect the amended structure of the company.