New Agribank CEO Karuihe formally takes over

The Agricultural Financial institution of Namibia (AgriBank) introduced on Tuesday that Rafael Karuahe has formally resumed obligation because the banking establishment’s chief government (CEO) following his appointment by the board in October 2021.

Previous to his appointment, Dr. Karuahe labored as Head of Commodities on the Johannesburg Securities Trade (JSE) in Johannesburg since 2012. At JSE, he was liable for overseeing agricultural and non-farm commodities throughout the Capital Markets division.

In response to Dagmar Honsbein, Vice-Chairperson of the Board of AgriBank, Dr Karuahe isn’t any stranger to monetary providers. Previous to becoming a member of JSE, he spent a number of years within the monetary providers trade advising institutional shoppers on funding and threat administration.

“Dr. Karuahe has introduced a wealth of unparalleled expertise and information to the put up of Chief Govt. The Board and workers of the Financial institution have relied closely on him to information the Financial institution to agri-professionals in rigorously navigating in the course of the troublesome occasions at current. The deck is required to mitigate the challenges and dangers to the surroundings, similar to extended drought and the influence of the Covid-19 outbreak on the agriculture sector,” he added.

In the meantime, Dr. Karuahe’s tenure coincides with the financial institution’s new 5-year strategic plan, operating from 2022-2026, with a particular concentrate on enterprise safety and development, monetary stability, product and technological innovation. That is to allow the Financial institution to proceed its mandate of offering inexpensive and revolutionary agriculture financing options.

Amongst different {qualifications}, Dr. Karuai holds a Doctorate in Agricultural Economics from Washington State College, USA, and a Grasp of Enterprise Administration in Banking and Funding Administration from the Maastricht College of Administration within the Netherlands.

“The Board of Administrators and workers welcome and lengthen their finest needs to Dr. Karuahe in his new function. We guarantee them of our neutral help within the efficiency of their government obligations. We’re positive that he’ll lead the financial institution to the subsequent path,” concluded Honsbein.

The photograph was taken yesterday after signing his contract with the Agribank board. Within the photograph from left to proper: Dr. Michael Humavindu, board member; Dr. Rafael Karuahe, Agribank CEO; Ms. Dagmar Honsbein, Vice Chairman of the Board; and Mr. Alfred Sikopo, Member of the Board.

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