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NIDA suspends CEO Gaomab

 The Namibia Industrial Development Agency (NIDA) has suspended its Chief Executive Officer Mihe Gaomab II with immediate effect with full benefits, pending an internal investigation.

The Board of Directors confirmed the suspension in an internal memo to staff, stating that "reasons for his suspension remain confidential."

"The Board calls on calm and focus, even during this time. Assurance can be accorded to both Management and Staff, that the Agency will remain procedural and fair in all its engagements with the CEO, regarding this matter and the process will be concluded within reasonable time,” said  a memo, written by Board Chairperson Sebby Kankondi.

Reports suggest that Gaomab II's suspension is related to allegations of non-performance, which led to his probation having been extended three times.

He had been appointed as CEO in April 2021.

Phillip Namundjebo has been appointed as the Acting CEO until further notice.

Founded in 2018, NIDA aims to advance Namibia’s industrialisation agenda in line with the country’s policies and developmental strategies, such as the Growth at Home Strategy, Harambee Prosperity Plan and the fifth National Development Plan (NDP5).

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Last modified on Tuesday, 17 January 2023 20:05

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