Momentum Metropolitan Namibia, through their subsidiary Momentum Short Term Insurance Namibia and Alexander Forbes Namibia have entered into a binding agreement, where Momentum Short Term Insurance Namibia will acquire all the issued shares of Alexander Forbes Insurance Namibia.

In these extraordinary times, Momentum Metropolitan is committed to the health and well-being of our families, colleagues, customers, and partners. It is our top priority to maintain the business continuity needed to provide support and service to all our customers.

I am pleased to announce that Momentum Metropolitan Namibia is today signing a substantive wage agreement with the Namibia Bank Workers Union (NBWU), following a constructive and collaborative negotiation process.