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Agribank’s Chief Executive says farewell to farmers, rejoins private sector insurance

Agribank’s Chief Executive says farewell to farmers, rejoins private sector insurance

Momentum Metropolitan announced on Cassinga Day that Sakaria Nghikembua is leaving the Agricultural Bank of Namibia as his contractual stint as Chief Executive comes to an end on 31 July. He will start the next day as the new group Chief Executive of Momentum Metropolitan’s business in Namibia.

Nghikembua has been a board member of Momentum Metropolitan Namibia since early 2017 and served as chairperson since 2019. Prior to being elected chairperson of the group board, he served as chair of the Momentum Short Term Insurance board.

Hailing from the Old Mutual stable, Nghikembua has served in various roles in the financial services sector, including a former Chief Executive of Nampost.

In his formal education, he has read a B Econ and an M Sc in Financial Economics.

Nghikembua commented ‘I feel humbled to have the opportunity of joining this great and time-tested brand. I feel excited, too, at the prospect of being able to make a meaningful contribution to our country and economy through my new role. There are many opportunities to do this, and I will certainly do my part to add value and be a great ambassador of Momentum Metropolitan Namibia.”


About The Author

Daniel Steinmann

Brief CV of Daniel Steinmann. Born 24 February 1961, Johannesburg. Educated at the University of Pretoria: BA, BA(hons), BD. Postgraduate degrees are in Philosophy and Divinity. Editor of the Namibia Economist since 1991. Daniel Steinmann has steered the Economist as editor for the past 29 years. The newspaper started as a monthly free-sheet, then moved to a weekly paper edition (1996 to 2016), and on 01 December 2016 to a daily digital newspaper at His editorial focus is on economic analysis based on budget analysis, dissecting strategic planning and assessing the impact of policy formulation. For eight years, he hosted a weekly talk-show on NBC Radio, explaining complex economic concepts to a lay audience in a relaxed, conversational manner. He was a founding member of the Editors' Forum of Namibia. Over the years, he has mentored scores of journalism students as interns and as young professional journalists. He often assists economics students, both graduate and post-graduate, to prepare for examinations and moderator reviews. He is the Namibian respondent for the World Economic Survey conducted every quarter for the Ifo Center for Business Cycle Analysis and Surveys at the University of Munich in Germany. He is frequently consulted by NGOs and international analysts on local economic trends and developments. Send comments to [email protected]