Governance
Our directors and management bring diverse expertise and a shared dedication to excellence and accountability.
Board of Directors
Mr. Erastus Negonga
Chairperson
Ms. Josephine Udjombala
Deputy Chairperson
Mr. Martin D. Shaanika
Executive Director
Mr. Edmund Buys
Director
Maj. Gen. Aktofel Nambahu
Director
Commissioner Lilungwe Mayumbelo
Director
Management
Martin Shaanika
Managing Director
Tertu Mutota
Chief Financial Officer
Hilma Shigwedha
Manager: Legal, Risk & Compliance
Hofni Paulus
Manager: Sales & Distribution
Petrus Shifidi
Manager: Information Technology
Josephine Nghishekwa
Underwriter
Governance Structure
Board Committees
The Board operates through dedicated committees including Audit & Risk, Remuneration, and Investment — each chaired by an independent non-executive director.
Reporting Lines
Management reports directly to the Board on all material operational, financial, and compliance matters on a quarterly basis.
Risk & Audit
An independent Audit & Risk Committee oversees internal audit, external audit liaison, and enterprise risk management across all business units.
NAMFISA Compliance
As a NAMFISA-registered long-term insurer, Namforce submits required returns, disclosures, and compliance reports as prescribed by the regulator.