Gabriel Indombo has been appointed as the new Treasurer of the Development Bank of Namibia (DBN), effective 01 June 2024.
Indombo succeeds Nicky Mutenda, who was promoted to Chief Financial Officer in December of last year.
Indombo joins DBN from the Bank of Namibia, where he served as a Senior Portfolio Manager in the Financial Markets Department, managing the South African money market portfolio and the Special Drawing Right (SDR) Portfolio.
Indombo is a Chartered Financial Analyst (CFA) charter holder and holds a BCom Hons in Financial Analysis and Portfolio Management from the University of Cape Town, as well as a Bachelor of Business Administration from the Namibia University of Science and Technology.
“We are excited to welcome Gabriel to our team. His expertise will be instrumental as we navigate a period of heightened financial scrutiny from our investors and funders, and as we embark on our ambitious growth plans outlined in our new Integrated Strategic Business Plan (ISBP), which include significant new funding initiatives,” said Mutenda on Indombo’s appointment.
