Hours: 7:30-16:15, Central Africa Time Zone (UTC+02:00)
Your All Season Bank
Dr Karuaihe Reveals His 100 Days Plan as Agribank CEO
19 Jan 2022
Agribank’s newly appointed Chief
Executive Officer, Dr Raphael Karuaihe, revealed his first 100 days plan at the helm of the Bank. Dr
Karuaihe made the revelation during his first staff address on Friday, 14
Before detailing his plan, Dr Karuaihe
noted that “I am cognisant of the harsh realities in our country, the extreme
drought, flood and other calamities hurting farmers, who are our
therefore necessitating urgent and timely customer service.”
For this reason, Dr Karuaihe has
prioritised stakeholder engagements to be key during his first 100 days, as he wants to listen to
farmers, clients, the shareholder, and other key stakeholders to understand
their perspectives and expectations. “This will assist me in developing the
roadmap towards the fulfillment of the institutional mandate,” he said.
Improvement of operational efficiencies
is another area of focus, during the period. This is inclusive of cost
containment measures, and enhancement of customer service at the
Bank, ensuring that clients are served with excellence, since this has an
impact on Agribank as a brand. Dr Karuaihe further singled out the plan of building on
a good business model that is already established at the Bank, as another action item
during his first 100
days in office. On this area, he stated that, “I must say, I found a very
well-run institution, and there is no need for a crisis management, I will however
improve on what I found.”
The CEO also aims to promote research
and development in the Bank, to ensure that data on the Bank’s impact in the
country “is well analysed and dissected for efficient planning and execution
purposes,” he stated. Addressing key person’s risk and staff retention are also
other areas to occupy his time during the period, with the eye of ensuring
Lastly, according to Dr Karuaihe at the
end of his 100 days period in office, he will present a road map to the Board
of the Bank. This will detail his plan and vision for the Bank, during his
tenure as CEO. Issued
Fillemon Nangonya Public Relations Officer For
inquiries, kindly contact the Marketing and Communications Division Tel.:
Karuaihe is no stranger to financial services. Before joining the JSE, he spent
many years in the financial service industry where he had advised institutional
clients on investments and risk management.
Karuaihe brings along a wealth of unique experience and knowledge to the chief
executive position. The Board and staff of the Bank place considerable trust in
him to carefully navigate the agricultural bank during the currently trying times.
The Bank needs all hands on deck to mitigate challenges and risks to the agri-business
environment, such as the protracted drought and the impact of Covid-19 outbreak
on the agricultural sector.
Karuaihe’s term coincides with the new 5-year strategic plan of the Bank,
running 2022-2026, with a special focus on business preservation and growth,
financial sustainability, product, and technological innovation. This is to
enable the Bank, to continue delivering on its mandate of providing affordable
and innovative agriculture financing solutions.
other qualifications, Dr Karuaihe holds a doctorate in Agricultural Economics
from the Washington State University, USA, and a Master of Business
Administration in Banking and Investment Management from the Maastricht School
of Management, in the Netherlands.
of Directors and staff welcome and wish Dr Karuaihe well in his new role. We assure
him of our impartial support in the execution of his executive responsibilities.
We are certain that he will take the Bank to the next trajectory.
In the picture from left to right: Dr Michael Humavindu, Board Member;
Dr Raphael Karuaihe, Agribank CEO; Ms. Dagmar Honsbein, Board Vice Chairperson;
and Mr. Alfred Sikopo, Board Member.
Honsbein Board Vice Chairperson For inquiries, kindly contact
the Marketing and Communications Division Tel.: 061 2074111
The Board of the
Agricultural Bank of Namibia is pleased to announce the
appointment of Dr Raphael Karuaihe as the incoming Chief Executive Officer
(CEO) of Agribank, with effect from 10 January 2022.
Karuaihe is currently the Head of Commodities at the Johannesburg Stock
Exchange (JSE) in South Africa. He has been with the JSE since 2012, where he
oversees agricultural and non-agricultural commodities within the Capital
Markets Division. Prior
to that, Dr Karuaihe spent many years in the financial services industry where
he had advised institutional clients on retirement planning, investments and
risk management. He holds a doctorate in Agricultural Economics from Washington
State University, USA.
Board and staff look forward to welcoming Dr Karuaihe to our team that is
destined to take Agribank to greater heights.
Dr Raphael Karuaihe – Incoming
Vice Chairperson For enquiries, kindly contact the Marketing and Communication
Division Tel.: 061
061 2074206 Email: email@example.com