By Staff Reporter
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Staff Reporter
THE Development Bank of Namibia (DBN) has announced the appointment of Titus Ndove as its new Chief Executive Officer for a five-year term, effective 1 November 2025. His appointment was made by the DBN Board of Directors in consultation with the Minister of Finance, in line with Section 13 of the Development Bank of Namibia Act, 2002 (Act No. 8, as amended).
The DBN Board expressed confidence in Ndove’s experience and leadership, adding that he brings the skills required to drive the Bank’s Integrated Strategic Plan and strengthen its role as Namibia’s leading development partner.
Ndove has more than 20 years of experience in financial sector leadership, public sector management, and economic policy. His academic credentials include a Master of Science in Financial Economics from the University of London, a Bachelor of Economics from the University of Namibia, and executive training from the London Business School, Harvard Kennedy School, and the International Monetary Fund. He is also a Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) Graduate Fellow with expertise in debt markets.
Before joining DBN, Ndove served as Executive Director and Accounting Officer at both the Ministry of Works and Transport and the Ministry of Finance, where he oversaw national infrastructure, fiscal policy, debt management, and financial sector regulation. He has also held senior positions at Standard Bank Namibia and the Bank of Namibia, focusing on market intelligence, financial market operations, and the management of government debt portfolios and international reserves.
Ndove’s contributions extend beyond his executive roles. He has served on several statutory boards and committees, including the Bank of Namibia Board, the UNAM Council, the NamRA Board, and the National Council of Higher Education. He is currently a board member of Namdeb Diamond Corporation and Namdeb Diamond Holdings and has chaired regional committees such as the Southern African Customs Union Finance and Audit Committee.
With his extensive experience, Ndove is expected to play a pivotal role in implementing DBN’s 2029 Integrated Strategic Business Plan, driving innovation, building stakeholder confidence, and supporting Namibia’s socio-economic transformation.
“Throughout his career, Mr Ndove has championed inclusive and sustainable development,” the Bank said, adding that his leadership will reinforce DBN’s reputation as a trusted partner for Namibia’s growth.
As a state-owned enterprise, DBN reaffirmed its commitment to mobilising resources, enabling inclusive growth, and delivering on its mandate of fostering sustainable development for all Namibians under Ndove’s stewardship.
