Nghikembua takes over as CEO of Momentum Metropolitan Namibia

MOMENTUM Metropolitan Namibia Limited has confirmed the appointment of Sakaria Nghikembua as Group Chief Executive Officer (CEO) for the Momentum Metropolitan businesses in Namibia. The appointment is with effect from 1 August 2021. Momentum Metropolitan Namibia Limited, formerly MMI Holdings Namibia Limited, is one of the country’s largest insurance-based financial services groups.

Nghikembua is no stranger to the company, having served on the board of Momentum

Metropolitan Namibia since February 2017. He assumed chairmanship of the board two years ago. Prior to his appointment as chairperson, Nghikembua served as chairperson of the Momentum Short Term Insurance company. He undertakes the leadership role with a wealth of experience in financial services, with deep insights into the company and the financial services industry in Namibia.

Nghikembua is currently the chief executive officer of the Agricultural Bank of Namibia (Agribank), where his term ends on 31 July 2021. Prior to the Agribank role, he had served in executive roles in the financial services industry for many years, including CEO roles in various portfolios, and as CEO of Namibia Post Limited. He holds a Bachelor’s degree in Economics and a Master of Science degree in Financial Economics.

The Momentum Metropolitan Namibia Board is thankful to Grant Marais, who steps down as current CEO, a caretaker role he has successfully managed since 2019. Marais was instrumental in building a focused executive team, creating and implementing a long-term strategy for all group companies as well as the successful implementation of strategic deliverables.

Marais is looking forward to spending time with his family until he pursues a new line of business outside the corporate sector. The company thanks Marais for his valuable contribution, and wishes him well in his future endeavours.

Said Nghikembua: ‘I feel humbled to have the opportunity of joining this great and time-tested brand. I feel excited, too, at the prospect of being able to make a meaningful contribution to our country and economy through my new role. There are many opportunities to do this, and I will certainly do my part to add value and be a great ambassador of Momentum Metropolitan Namibia’.