Anchor Capital gears up for Namibian market entry

Buckle up! Anchor Capital is charging into Namibia with a bold mission to shake up the wealth and asset management scene.

Fresh off its 2024 merger with London-based Credo, this South African powerhouse now manages a staggering R250 billion in assets.

Speaking at the recent Taking Stock investor conference hosted by Moore and Associates in collaboration with Anchor Capital and Namibian law firm Ellis and Partners, Anchor Capital CEO Peter Armitage confirmed the company’s plans to establish a strong foothold in the Namibian market.

“We’d be happy to acquire businesses in Namibia, especially through our private equity arm,” Armitage said. “Frankly, it hasn’t been top of mind until now, and that’s why marketing a country effectively is so important. If some of these big-picture, let’s call them ‘sausage sizzle’, opportunities come through, Namibia presents enormous potential. It’s a place where we feel comfortable investing.”

Armitage highlighted Namibia as a natural next step in Anchor’s growth trajectory, underpinned by its proximity to South Africa and a stable, investment-friendly environment.

“It’s just a flight away, comparable to flying to Cape Town in terms of time, and it shares many similarities with South Africa, but without some of the same challenges,” he noted.

Anchor Capital aims to bring its global expertise to Namibian clients, offering them access to world-class investment insights and portfolio management.

“Back at our South African office, we’ve got 500 people, including a dedicated team of 20 high-calibre investment professionals who analyse markets around the world,” Armitage added. “We love doing that work for our clients, and we’re excited to do it for Namibians too.”