DBN CEO position advertised end of May
Martin Inkumbi (right) with Nyasha Francis Nyaungwa, Sub Editor, Namibia Economist during the DBN CEO meet and greet visit to the Economist offices on Tuesday. (Photograph by Hilma Hashange)
The Chief Eexecutive Officer position has been vacant since former CEO, David Nuyoma left the bank to become CEO of the country’s biggest pension fund, GIPF, at the beginning of this year
The Head of Lending for the past two years, Martin Inkumbi was catapulted to the Acting CEO position of the Development Bank of Namibia at the beginning of this this year as a stop gap measure for a period between six months and 12 months, but five and a half months into the job, advertisement for the position has not been done.
Contacted for comment, board Chairperson, Elize Angula was said to be busy, but she however, indicated through Joy Sasman, Manager: Corporate Communications at the Development Bank of Namibia, that the position of CEO will be advertised by the end of May.
No reasons were given for the delays in advertising the position.
A holder of B.Comm degree from the University of Cape Town majoring in Economics, and Management Accounting and Finance, Inkumbi this week said his contract, which will be reviewed at the end of the initial six months (end of May), can only be extended to a maximum 12 months.
