Victoria Sibeya has been appointed as substantive managing director of the National Petroleum Corporation of Namibia (NAMCOR), effective July1 2026.
She takes the top job 20 years after she joined the state hydrocarbon company as a geoscientist and 23 years after starting her first job as a geologist at the Ministry of Mines and Energy.
Sibeya succeeds Mtundeni Ndafyaalako, who has acted as managing director since March 1, 2026.
She had acted briefly in this position, between April 2025 and August 2025, as the third interim MD after Immanuel Mulunga, the last substantive MD, was suspended in April 2023 on charges of fraud and breach of employment contract. Mulunga was succeeded in acting capacity by Shiwana Ndeunyema, who voluntarily stepped down after six months. Ndeunyema handed over to Ebson Uanguta, who returned to his position at the Bank of Namibia after more than a year at NAMCOR. When Sibeya was appointed to succeed Uanguta, she was tasked by the board “to guide the company “throughout this transition whilst the hunt for a permanent Managing Director continues”. Sibeya handed over to Maureen Hinda-Mbuende, who was then succeeded by Mtundeni Ndafyaalako.
In the substantive position, effective from 1 July 2026, Sibeya will serve for a period of five years.
“As Namibia enters a transformative era in its energy sector, the board is confident that her strategic and ethical leadership will strengthen NAMCOR’s role in advancing national energy security, commercial resilience and long-term value for all stakeholders,” NAMCOR declared in a short statement announcing the appointment.
Up until the new appointment, Sibeya served as Executive Upstream Exploration, a position she has held since April 2019.
She was once the Secretary for the Africa Region of the American Association of Petroleum Geologists and is currently a Trustee on Namibia’s Petrofund Board of Trustees.
