The Committee’s mandate is to guide and advise the Board of Trustees on investment related policies and strategies.
Petrus Nevonga
Chairperson
General Secretary: Namibia Public Workers Union (NAPWU)
Position on the Board: Trustee
Qualifications: MBA (Entrepreneurship); Postgraduate Diploma: Business Administration; B-Tech: Business Administration; National Diploma: Human Resources
Appointed: July 2021 by the Namibia Public Workers’ Union (NAPWU)
Penda Ithindi
Member
Executive Director, Ministry of Health and Social Services
Position on the Board: Board Chairperson (01 January 2024 to date)
Qualifications: M.Sc. Financial Economics; B.A Mathematics, Economics
Appointed: September 2020 by the Government of the Republic of Namibia
Nillian Mulemi
Member
Chief Executive Officer: Petroleum Training and Education Fund (PETROFUND)
Position on the Board: Trustee
Qualifications: MSc. Finance; B.Acc; B.Juris; Nat.Dip Cost Accounting
Appointed: May 2018 by the Government of the Republic of Namibia
Evans Maswahu
Member
Director: Finance, Human Resources, Administration, and Information Technology (up to 25 December 2025)
Position on the Board: Trustee
Qualifications: MBA; Postgraduate Diploma in Management Studies; B.Com. Law
Appointed: July 2020 by the Namibia Public Workers’ Union (NAPWU)
Tulimeke Munyika
Member
Deputy Executive Director for Immigration Control and Citizenship/Chief of Immigration at the Ministry of Home Affairs, Immigration, Safety and Security
Position on the Board: Trustee
Qualifications: LLM, LLB, B.Juris, and an admitted Legal Practitioner of the High Court of Namibia
Appointed: July 2025 by the Government of the Republic of Namibia
James Cumming
Member
Self-employed: Quest Consulting
Position on the Board: Independent Specialist Consultant – Investment Committee
Qualifications: BBsci; PGD. (accounting); CFA
Other roles: Catalyst Asset Management (Director), Namibia Infrastructure Fund (Trustee), NAMPOST Financial Brokers (Pty) Ltd (Chairperson)
Appointed: September 2024
The Committee’s mandate is to:
- Guide and advise the Board of Trustees on investment-related policies and strategies
- Consider and recommend the appointment of asset managers to the Board of Trustees
- Consider and make recommendations on the Asset Liability Model (ALM) and the Liability Driven Investing (LDI) to the Board of Trustees
- Consider and make recommendations on the Tactical Asset Allocation to the Board of Trustees
- Consider and make recommendations on the integration of Environmental, Social and Governance (ESG) considerations into investment decision-making processes to the Board of Trustees