Shiimi and Uanguta reappointed

Shiimi and Uanguta reappointed Duo to lead until 2021 President Hage Geingob recently reappointed Bank of Namibia governors Ipumbu Shiimi and Ebson Uanguta. Bank of Namibia governor Ipumbu Shiimi and his deputy, Ebson Uanguta were recently reappointed for a further five years, keeping them employed at the apex bank until 31 December 2021.

Presidential spokesperson Albertus Aochamub made the announcement this week

In a statement issued, Aochamub explained that both these appointments were done in terms of the power vested in the president by the Bank of Namibia Act which authorises the president to appoint the governor and deputy governor of the Bank of Namibia.

“The Head of State lauded the achievements of the two leaders of Namibia's central bank during their current term, which expires 31 December 2016,” said Aochamub.

Shiimi was appointed BoN governor by former president Hifikepunye Pohamba in 2010, making him the fifth governor of the central bank.

He succeeded Tom Alweendo, who was appointed by the president as the director-general of the National Planning Commission after serving the Bank of Namibia for 17 years, first as deputy governor then as governor. Shiimi is a trained economist by profession.

Uanguta joined the bank in 2012, replacing Paul Hartman who turned down a third term. Uanguta served as a director of research at the Bank of Namibia for many years.

Their new term starts on 1 January 2017 and ends 31 December 2021.

STAFF REPORTER