The Old Mutual Investment Group Namibia has joined government and private partners to launch a new affordable housing project in Mariental, bringing hope to families struggling to access serviced land. 

The Mariental Extension 6 Af fordable Housing Development was officially launched on 18 March 2026. 

The event was officiated by Vice President Lucia Witbooi, alongside regional leaders, investors and community members. 

The project will deliver 311 serviced residential plots, with 87 already completed. These include both single residential and general residential erven. Once fully rolled out, the development is expected to ease pressure on housing demand in the town. 

Speaking at the launch, Sara Mezui Engo, Chief Investment Officer for Unlisted Investments at OMIGNAM said the project carries meaning beyond infrastructure. 

“Mariental Extension 6 represents partnership, resilience and a shared commitment to improving the lives of Namibian families,” she said. 

Local authorities say the project responds directly to the growing need for affordable, serviced land in Mariental, where many residents still struggle to secure housing. 

“It demonstrates that access to housing is not only a social imperative, but also a foundation for economic participation, job creation and long-term community stability.” 

OMIGNAM is participating \through the Tunga Fund, which is anchored by the Government Institutions Pension Fund. 

The project is developed by Dynamo Properties, with support from Dunamis and RPF Africa, and in partnership with the Mariental Municipality. 

Old Mutual initially committed N$60 million to the project. 

However, the COVID-19 pandemic slowed progress in the construction sector and affected affordability, resulting in N$12.75 million being deployed during the earlier phase. 

Despite these challenges, Engo said the project has now reached a turning point. 

“The strength of this project lies not only in the capital invested, but in the partnerships that remained intact through difficult cycles. Today marks a shift from delay to delivery, and a renewed platform for accelerating affordable housing development,” she said. 

The development is further supported by end-user financiers such as Kuleni, First Capital and local commercial banks, helping ensure that buyers can access funding to build homes. 

-newsroom@nepc.com.na