Uanguta seconded to Namra

The finance ministry is finding it difficult to find a suitable candidate to head its new tax agency on a full-time basis.

01 November 2019 | Banking

Bank of Namibia (BoN) deputy governor Ebson Uanguta has been appointed to serve as the temporary CEO of the soon-to-be established Namibia Revenue Agency (Namra).

This comes as treasury found it hard to appoint a suitable full-time candidate to head the new agency, finance ministry Calle Schlettwein said this week.

The ministry had initially committed to appointing a CEO by August 2018.

An external recruitment firm had been appointed last year to assist the ministry to appoint a CEO, but even that exercise failed to yield a suitable candidate, with Schlettwein pointing out the candidates that had been shortlisted “did not cross the finish line”.

Explaining the delay, Schlettwein said government exercised caution to ensure that the preferred candidate would not to be perceived as a political appointment.

“The approach we had, we anticipated the perception that there would be political interference. We appointed an external recruitment firm. We distanced ourselves from the process to have the best shot at appointing a CEO on merit,” said Schlettwein.

“Names were shortlisted, it's true, but none of those who were shortlisted crossed the line to be fully accepted,” he added.

The entire process to appoint a new CEO would now have to be restarted, with the assistance of Uanguta and the Namra board, explained Schlettwein.

According to previous reports, three candidates had been shortlisted to head the new tax agency, including inland revenue commissioner Justus Mwafongwe, former Namibia Competition Commission (NaCC) CEO Mihe Gaomab II and PwC tax leader Chantell Husselmann. Uanguta started his career at the now defunct Namibia Economic Policy Research Unit as a research assistant in 1996. In the mid-2000s, he joined the central bank as an economist and moved through the ranks to become its director of research. He then moved to the International Monetary Fund (IMF) in Washington DC, where he served as an advisor to the executive director for the Africa Group 1 Constituency.

He returned to the country's apex bank in January 2002 to serve as deputy governor, a post he still holds. He holds a Master of Science (MSc) degree in economics from Addis Ababa University and a Bachelor of Economics (BEc) degree from the University of Namibia (Unam). He has also completed a senior management education programme at the University of Stellenbosch's Graduate Business School and was a senior fellow at the Harvard Kennedy School of Government, according to his LinkedIn account. Uanguta describes himself as a central banker with more than 18 years of professional experience.

When approached for comment regarding Uanguta's absence from the central bank, it expressed no worry with Uanguta's appointed reasoning that it was only a temporary move. “Rest assured that this temporary arrangement will not, in any way, impact the operations of the bank. In the meantime, the executive leadership and staff of the bank shall continue to assist the governor in the execution of the mandate of the central bank as usual,” the bank said.

OGONE TLHAGE

Similar News

 

Bank of the Year

4 days ago - 06 December 2019 | Banking

One of the biggest financial publications, The Banker, recently announced Bank Windhoek as its bank of the year 2019. At the event hosted in London...

Black Friday, Cyber Monday and secure online shopping

1 week ago - 29 November 2019 | Banking

Riaan Viljoen With Black Friday enticing shoppers worldwide, and its online equivalent, Cyber Monday, a few days later, the number of online deals during this...

A step towards a better future

1 week ago - 29 November 2019 | Banking

The Capricorn Group has donated N$120 000 to the organisation Step out of Poverty through Education, Encouragement and Support (SPES), a charity established to serve...

Embracing the power of knowledge

2 weeks ago - 22 November 2019 | Banking

Evany van WykTaleni Nengola wakes up each morning ready to eat challenges for breakfast. Not literally, but you challenges better sleep with one eye open...

A fruit of hope

3 weeks ago - 15 November 2019 | Banking

Mariselle StofbergDespite challenging economic conditions, the Cancer Apple Project, which has impacted the lives of numerous Namibians, has managed to raise N$2.5 million in aid...

SME Bank creditors to be paid

4 weeks ago - 12 November 2019 | Banking

CATHERINE SASMANThe Master of the High Court has authorised the first creditors’ meeting and first members’ meeting of the SME Bank in liquidation. The meeting...

Attachments a last resort - Agribank

1 month - 06 November 2019 | Banking

Agribank says when it attaches the property of borrowers it is always as a last resort.“We have a collections policy which is underlined by a...

Reaping the fruits of hard work

1 month - 01 November 2019 | Banking

Evany van Wyk Christall Farmer’s childhood dream was to become a lawyer. She realised, however, that being a lawyer could compromise her integrity and...

Uanguta seconded to Namra

1 month - 01 November 2019 | Banking

Bank of Namibia (BoN) deputy governor Ebson Uanguta has been appointed to serve as the temporary CEO of the soon-to-be established Namibia Revenue Agency (Namra)....

FNB invests in health

1 month - 01 November 2019 | Banking

ESTER KAMATI First National Bank Namibia donated a blood-gas analyser worth N$282 000 to the Windhoek Central Hospital's cardiac unit this month.The unit, which treats...

Latest News

Debts, joblessness fuel latest rating...

1 day - 09 December 2019 | Economics

Rating agency Moody's downgraded Namibia's economy on Friday to a Ba2 rating but changed the outlook to stable, citing among other things rising government debt...

By-elections galore in January

1 day - 09 December 2019 | Politics

Four by-elections are scheduled to take place on 15 January in constituencies vacated by councillors who resigned because of the enforcement of Article 47 of...

Geingob 'oblivious' to corruption

1 day - 09 December 2019 | Government

If President Hage Geingob does not realise how endemic corruption is in Namibia and what role it played in the humiliation decline of his and...

Trivialising corruption

1 day - 09 December 2019 | Opinion

President Hage Geingob's defensive stance on corruption – capped by his remark on Friday that the problem is not systemic – cannot go unchallenged.For a...

Winning the fight against measles

1 day - 09 December 2019 | Health

Over the past decade there has been a drastic decline in measles cases in Namibia, dropping from 1 815 to only 16 confirmed cases this...

What a year

1 day - 09 December 2019 | Sports

As I write my last column for 2019, I would like to reflect on what I feel was good and bad this year in the...

Ashikoto hopes for better 2020

1 day - 09 December 2019 | Sports

JESSE JACKSON KAURAISA Power-Power Development and Boxing Academy promoter Risto Ashikoto says he hopes for a better...

Javier Mascherano unveiled as Estudiantes...

1 day - 09 December 2019 | Sports

NAMPA/XINHUA Javier Mascherano said Saturday that he feels motivated and ready to return to Argentinian football after his official unveiling as...

Go all out for Olympic...

1 day - 09 December 2019 | Sports

NAMPA/XINHUA ...

Load More