Agribank CEO, Sakaria Nghikembua has been appointed the new Chairperson of MMI Holdings Namibia with effect from 11 June 2019.
Nghikembua is a former Chief Executive Officer of Operations at Old Mutual in Namibia and as well as Managing Director of Old Mutual Short-term Insurance Company (Namibia) Ltd.
Nghikembua joined MMI Holdings Namibia Board of Directors as an Independent Director on 1 February 2017 and also serves as the Chairman of the Momentum Short Term Insurance Board of Directors, a subsidiary of MMI Holdings Namibia.
"Sakaria brings his broad technical background and proven boardroom leadership experience to the role of Chairperson of MMI Holdings Namibia Board of Directors," said Grant Marais, Group CEO of MMI Holdings Namibia.
“This is just another way for me to serve. MMI helps Namibians to create wealth and secure their future. It also provides protection for Namibians. Overall, our role is to improve the financial wellness of Namibians through life cover, savings and investments, pension funds management, health care administration and the general insurance of our clients’ assets. We employ people, pay tax(es) and help other businesses to grow through various linkages with MMI. I feel honoured to be of further service to my country and its people in this way,” Nghikembua said.
MMI Holdings Namibia consists of Momentum, Metropolitan, Namibia, Momentum Asset Management, Momentum Short-Term Insurance and Methealth Namibia Administrators.