Staff Writer
Stimulus Investments Limited has announced changes to its board of directors following the resignation of long-serving non-executive director, Josephat Mwatotele.
In a notification issued in terms of paragraph 3.59 of the Namibia Securities Exchange (NSX) Listing Requirements, the company confirmed that Mwatotele resigned with effect from 12 June 2026.
Mwatotele has served on the board since September 2015 and is stepping down after reaching the maximum allowable term in line with the company’s director appointment and succession policy.
The company expressed appreciation for his contribution over nearly a decade of service, noting his role in supporting the firm’s governance and oversight functions during his tenure.
“The Board wishes to express its sincere appreciation to Mr. Mwatotele for his dedicated service as director and thanks him for his contributions to the company,” the statement read.
Stimulus Investments is listed on the Namibia Securities Exchange under the share code SILP and ISIN NA000A1JN0Z7.
The company is sponsored by Cirrus Securities (Pty) Ltd.
Stimulus Investments is a private equity investment entity established in 2004 with the aim of making private equity investments in the Namibian market.
The company was capitalised through the issue of preference shares listed on the NSX to the amount of N$503 million.
The company has interests in Cymot, Khomas Solar Saver, Neo Paints, Plastic Packaging Group, Polyoak Namibia and Walvisbay Stevedoring.
