The Development Bank of Namibia (DBN) has appointed Titus Ndove as its Chief Executive Officer for a five-year term, effective 1 November 2025.
The appointment, made in accordance with Section 13 of the Development Bank of Namibia Act, 2002, was confirmed by the Board of Directors in consultation with the Minister of Finance.
Ndove replaces John Steytler, who resigned in March this year after serving as CEO since September 2023.
In a statement, the Board said it was confident that Ndove has the competence and experience to drive the Bank’s Integrated Strategic Plan.
Ndove brings more than 20 years of experience in financial sector leadership, public sector management and economic policy.
His academic background includes a Master of Science in Financial Economics from the University of London and a Bachelor of Economics from the University of Namibia.
He has also received executive training from the London Business School, Harvard Kennedy School and the International Monetary Fund.
Prior to joining DBN, Ndove served as Executive Director and Accounting Officer at the Ministry of Works and Transport and the Ministry of Finance, where he provided oversight for national infrastructure, fiscal policy, public debt management and financial sector regulation.
He previously held senior roles at Standard Bank Namibia and the Bank of Namibia, where he managed financial market operations, market intelligence, and international reserves and government debt portfolios.
He has also served on statutory boards and committees, including the Bank of Namibia Board of Directors, the UNAM Council, the NamRA Board and the National Council of Higher Education.
He currently sits on the boards of Namdeb Diamond Corporation and Namdeb Diamond Holdings, and has chaired regional bodies such as the Southern African Customs Union Finance and Audit Committee.
According to DBN, Ndove’s expertise in financial markets, public sector reform and infrastructure development will be central to advancing its mandate and reinforcing its reputation as a trusted partner in Namibia’s growth.
The Bank said his leadership will be key as it pursues its 2029 Integrated Strategic Business Plan and vision to be the development partner of choice.
It added that under his stewardship, DBN reaffirms its commitment to service excellence, integrity and accountability in delivering on national development priorities.
