Dr Raphael Karuaihe Assumes Duties as Chief Executive Officer of Agribank

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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