13 Jan 2022
Agribank
takes pleasure to announce that Dr Raphael Karuaihe has officially commenced duty
as Chief Executive Officer (CEO) of the Agricultural Bank of Namibia, 10
January 2022. This follows his appointment by the Board of the Bank, in October
2021.
Prior
to his appointment, Dr Karuaihe worked as the Head of Commodities at the
Johannesburg Stock Exchange (JSE) in South Africa; since 2012. At the JSE, he was responsible for overseeing
agricultural and non-agricultural commodities within the Capital Markets
Division.
Dr
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.
Dr
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.
Dr
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.
Among
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.
The Board
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.
Issued by:
Dagmar
Honsbein
Board Vice Chairperson
For inquiries, kindly contact
the Marketing and Communications Division
Tel.: 061 2074111
Email: info@agribank.com.na
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