Matomola new Namfisa CEO

26 Jul 2016 11:50am
KEETMANSHOOP, 26 JUL (NAMPA) – The Namibia Financial Institutions Supervisory Authority (Namfisa) has appointed Kenneth Simataa Matomola as its new Chief Executive Officer, effective for a five-year period from 01 August 2016.
Matomola has been serving as acting CEO of the financial authority since September last year.
His appointment came after the death of previous CEO Phillip Shiimi, who was involved in an accident on the Otjiwarongo-Otavi road earlier that month.
At the time, Matomola had served as Assistant CEO: Supervision from April 2014, alongside Shiimi.
The new CEO joined Namfisa in May 2011 as Manager for Investment Institutions after stints at the Bank of Namibia and First National Bank respectively.
In a statement issued on Monday, Namfisa wished Matomola success in the authority's continued drive to ensure it delivers on its statutory mandate.
“Matomola possesses a wealth of leadership experience in strategic and technical management and we are confident of his ability to lead the authority through its transformation agenda as it prepares to implement various Bills,” the statement said.
The financial regulator has drafted the Financial Institutions and Markets Bill, the Financial Services Adjudicator Bill and the Micro-lending Bill, according to Namfisa spokesman Christopher Swart.
He told Nampa the Bills are expected to be discussed in Parliament this September.