Staff Writer
The Bank of Namibia (BoN) has welcomed the appointment of Nicholas Mukasa as its second deputy governor, effective 1 May 2026.
President Netumbo Nandi-Ndaitwah made the appointment in line with the Constitution and the Bank of Namibia Act.
Mukasa will support the central bank’s governor Ebson Uanguta in guiding the bank’s strategy and reform plans.
His role includes strengthening the bank’s ability to respond to changes in the economy, including the shift toward digital financial services and developments in sectors such as energy.
Mukasa has nearly 20 years of experience in financial markets, investment management and risk analysis.
He joined BoN in 2011 as a risk analyst. He later held senior roles, including portfolio manager, portfolio risk manager, deputy director for compliance and risk analytics, and director of financial markets from 2016.
In his role as director of financial markets, he managed Namibia’s foreign exchange reserves, implemented monetary policy decisions and oversaw government domestic debt issuance.
He also served on the bank’s management committee and monetary policy committee.
Before joining the central bank, Mukasa worked at Namibia Equity Brokers and Prudential Portfolio Managers Namibia. He gained experience in stockbroking and asset management. He also worked in the aviation and retail sectors earlier in his career.
Mukasa holds a Bachelor of Business Administration from the University of Namibia. He is a chartered financial analyst charterholder and has completed executive education programmes at Stellenbosch University and Harvard Business School.
Uanguta said Mukasa’s experience comes at a key time as the bank continues to strengthen its policy work and update its monetary tools.
