Du Toit acting as CEO of Agribank

04 August 2021 | Economics

STAFF REPORTER

The Agricultural Bank of Namibia (Agribank) has announced the appointment of Louis Du Toit as the acting Chief Executive Officer (CEO). Du Toit replaces Sakaria Nghikembua whose term came to an end on 30 July 2021. The arrangement is in place for the next three months, effective 02 August 2021.

Du Toit is a qualified chartered accountant and has been with the bank since 2019. Prior to joining Agribank, he served in various roles at PriceWaterHouseCoopers (PwC) for close to a decade, including being a partner. He also served as a CFO in a multinational financial services group, for over 10 years. Additionally, he has been a member of Agribank’s Executive Committee.

As such, the bank trusts that Du Toit, as an experienced member of its executive management team, will continue to provide strategic leadership in the best interest of the bank, towards meeting its objectives.