In a significant boost to Namibia’s central banking leadership, President Netumbo Nandi-Ndaitwah has appointed Nicholas Mukasa as the second Deputy Governor of the Bank of Namibia, effective 1 May 2026.
Mukasa, who previously served as Director of Financial Markets at the Bank, brings nearly two decades of hands-on experience in capital markets, investment management, and risk analysis.
His key responsibilities included managing the country’s foreign exchange reserves, implementing monetary policy decisions, and overseeing government domestic debt issuance. He also served on both the bank’s Management Committee and Monetary Policy Committee.
A Chartered Financial Analyst (CFA) charter holder, Mukasa holds a Bachelor of Business Administration from the University of Namibia, an MBA, and has completed executive programmes at Stellenbosch University and Harvard Business School.
Before joining the central bank in 2011 as a Risk Analyst, he gained private sector exposure in stockbroking at Namibia Equity Brokers and asset management at Prudential Portfolio Managers Namibia.
Governor Ebson Uanguta welcomed the appointment, describing it as “timely” as the Bank continues building a knowledge-based institution.
The move strengthens the Bank’s top leadership team, with Leonie Dunn remaining as the first Deputy Governor. Analysts view the internal promotion as a vote of confidence in institutional continuity and technical competence amid evolving global and domestic economic challenges.