New Board for DBN availed

21 Jan 2015 17:00

The Development Bank of Namibia (DBN) today announced their new board of directors; the board announcement took place at the DBN head office in Windhoek this morning.

The new board comprising of seven members of whom six are non executive directors saw the board chairperson Elize Angula and Asnake Getachew make their graceful exit from the board.

The two new board members Penny Akwenye and Tabitha Mbome took over from Angula and Getachew. The remaining board members, however, still retain their respective positions.

Angula during her exit speech expressed her heartfelt gratitude to the DBN management, staff and the board for being such an exceptional group of people.

The past five years have given me the opportunity to work with an exceptional group of people who share the same motivation – to improve lives for Namibians.

To further elaborate on her very successful leadership at DBN she highlighted the key successes that she has noted during her reign as chairperson, “since I began to chair the Board in 2009, the bank has approved more than N$4.2 billion in finance and had an impact on 53 000 jobs.

A confident Angula stated that she is leaving the DBN in the most capable of hands, “my successor, Ms Penny Akwenye, has vast experience, and will offer the Bank insights and direction that will propel the Bank to even greater heights.

When given the opportunity the newly appointed chairperson Penny Akwenye did not hesitate to show her gratitude to the Government for entrusting her with the leadership of the DBN.

Akwenye pledged to consolidate the three principles of banking, to ensure teamwork and to see the bank fulfill its mandate of fostering economic growth and social development but also to see DBN become a leading financial institution.

The former Millennium Challenge Account Namibia Chief Executive Officer was nothing short of excited at her appointment as board chairperson.