Windhoek: Bank BIC Namibia has appointed Erastus Hoveka as its new chief executive officer, effective 02 February 2026, the bank announced on Friday.
According to Namibia Press Agency, Bank BIC Namibia, in a media statement, said Hoveka has more than three decades of experience in the financial services sector, including extensive executive and governance roles within Namibia's banking industry.
Hoveka previously served as managing director of Nedbank Namibia, where he oversaw a period of strategic growth, operational resilience, and expanded community engagement across retail, corporate, and investment banking segments.
Before joining Nedbank Namibia, Hoveka held senior finance and risk management positions at the Development Bank of Namibia, contributing to lending strategy, portfolio oversight, and credit risk management.
'Hoveka holds a Master of Business Administration degree with distinction from Bradley University in the United States and is a Certified Public Accountant. He has also completed executive programmes at Wharton Business School and INSEAD in France,' it said.
In addition to his executive experience, Hoveka has served several national institutions, including the Government Institutions Pension Fund (GIPF), the Housing Trust of Namibia, the Namibia Training Authority (NTA), Postfin, and the International Federation of Red Cross and Red Crescent Societies.
Bank BIC Namibia board chairperson, Jaime Pedro Galh³z Pereira in the statement said the appointment marked a significant milestone for the bank. 'With his strategic foresight and understanding of the Namibian financial ecosystem, we are confident the bank is well-positioned to deliver sustainable growth and meaningful impact,' Pereira said.
Hoveka's leadership focus will include digital innovation, customer experience, and expanding inclusive financial services across the country.
The bank further announced the appointment of Willem Marais and Anne Shilengudwa as non-executive board members with immediate effect as part of its efforts to strengthen corporate governance and strategic oversight.