The Development Bank of Namibia (DBN) has appointed Nicky Katapa Mutenda as the new Chief Financial Officer (CFO), effective from December 18, 2023, for a term of 5 years.
The bank said the appointment follows a meticulous selection process conducted by a panel of six distinguished individuals drawn from the DBN Board and external experts.
Mutenda, who has been part of the Development Bank of Namibia since May 2017, when he assumed the position of the bank’s first Manager: Treasury, holds several professional designations, including Chartered Accountant (South Africa) CA (SA), Chartered Accountant (Namibia) CA (NAM), Chartered Certified Accountant (FCCA), and ACI Financial Markets Association Certified Market Professional (ACICMP).
Additionally, he earned a Postgraduate Diploma in Accountancy from Rhodes University and a Bachelor’s Degree in Commerce from the University of Namibia. His educational achievements also encompass the ACI Diploma (Merit) and the ACI Dealing Certificate (Distinction).
In addition to his responsibilities at DBN, he serves as an Independent Non-Executive Director of PowerCom and UNAM Foundation.
Furthermore, he acts as an External Committee Member on the Board Investment Committee of the Motor Vehicle Accident (MVA) Fund and the Finance & Audit Committee of the Namibia Institute of Corporate Governance (NICG) respectively.
Commenting on the appointment, DBN CEO John Steytler expressed confidence in Mutenda’s capabilities as a candidate with the ability to contribute to the success and growth of the Bank.
