Development Bank of Namibia Announces Appointment of Board of Directors

03/12/2024

FOR IMMEDIATE RELEASE

Windhoek – The Development Bank of Namibia (DBN) is pleased to announce the appointment of its new Board of Directors, effective 1 January 2025. Appointed by the Minister of Finance and Public Enterprises, Honourable Ipumbu Shiimi, in line with the Public Enterprise Governance Act No. 1 of 2019 (PEGA), the appointments underscore confidence in the Board’s leadership and its dedication to advancing DBN’s vision of driving sustainable economic development.

Leading the new Board is Evangelina Nailenge as Chairperson, supported by Willy Mertens as Deputy Chairperson. Patience Kanalelo and Marsorry Ickua will serve as Board members, alongside Dr John Steytler, who also serves as an Ex Officio member in his capacity as DBN CEO. The Board’s term will run until 31 December 2027.

Reflecting on her appointment, Nailenge expressed her gratitude for the opportunity to lead the Board during this critical period: "I am deeply honoured by the confidence bestowed in me to chair the Board of the Development Bank of Namibia for the next three years. Together with my fellow Board members, we will ensure that DBN’s Five-Year Strategic Plan translates into impactful results that benefit the Namibian economy and its people,” she said.

The Board is vested with comprehensive fiduciary powers to govern a development institution of DBN’s stature. The appointed members bring a wealth of expertise from diverse industries, and their collective leadership will steer DBN's strategic direction in fulfilling its mandate.

Commenting on the appointments, Dr John Steytler, DBN CEO, said, “With the Board’s continued stewardship, I am confident that DBN will expand its reach and deepen its impact, driving transformational change in Namibia’s economic landscape. Their appointment ensures continuity in our efforts to support economic growth and create opportunities for all Namibians."

Notably, the four members of the Board, Nailenge, Mertens, Kanalelo, and Ickua have been retained from the previous term. Their reappointment underscores the confidence in their collective expertise, leadership, and commitment to advancing Namibia’s economic development agenda.

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In the Picture: Evangelina Nailenge: Board of Directors Chairperson

For further information, please contact:
Jerome Mutumba
Chief Marketing & Corporate Affairs