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Mutenda is new CFO at DBN

2023-12-01  Staff Reporter

Mutenda is new CFO at DBN


The Development Bank of Namibia (DBN) has announced the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO) with effect from 18 December 2023, for a period of 5 years. His appointment follows a meticulous selection process conducted by a panel of six individuals drawn from the DBN board and external experts. 

Commenting on Mutenda’s appointment, DBN CEO John Steytler expressed unwavering confidence in him as a capable candidate with the ability to contribute to the success and growth of the bank. 

He is a seasoned finance professional with over 11 years of banking sector experience, and holds various professional designations such as chartered accountant. 

Additionally, Mutenda obtained a Post-graduate Diploma in Accountancy from Rhodes University, and a Bachelor’s Degree in Commerce from the University of Namibia. His educational accomplishments also include the ACI Diploma (Merit) and the ACI Dealing Certificate (Distinction). 

he has been an integral part of the DBN since May 2017 when he took on a position as the bank’s first Manager: Treasury. During his tenure, he successfully established a fully-fledged treasury function at the DBN. His dedication and expertise led to his promotion to the position of Treasurer/Senior Manager: Treasury in August 2021. After just two years, he has now ascended to the position of Chief Financial Officer and Chief Treasurer. 

Prior to joining the DBN, Mutenda held the position of Treasury Finance Manager at First National Bank of Namibia Limited. 

Between 2013 and 2015, he successfully undertook his Chartered Accountancy Training Outside Public Practice (TOPP) articles at Absa Bank Limited in Johannesburg. While employed at Absa, he gained experience in diverse areas, including Exchange Traded Funds (ETFs), CIB Loan Portfolio Product Control, and Group Internal Audit. 

Beyond his role at the DBN, Mutenda actively contributes to the Namibian corporate landscape. He serves as an independent non-executive director of PowerCom and the UNAM Foundation. He also serves 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). 

2023-12-01  Staff Reporter

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