New board for Agribank

31 October 2018 | Agriculture

Commercial farmer Michael Iyambo will lead the new board of directors that has been appointed for Agribank, effective 1 September.

The new board will serve until 31 August 2021.

Dagmar Honsbein has been appointed as the deputy chair and will also chair the Finance, Risk, Audit and Compliance Committee (FRACC). Other members include Dr Michael Humavindu, who chairs the Credit and Investment Committee (CIC), Phanuel Kaapama who chairs the Human Resources Committee (HRC) as well as Peyavali Hangula. Hangula serves on the Finance, Risk, Audit and Compliance as well as the Human Resources committees of the board.

Two of the previous directors, the former board chair Terttu Uuyuni and Oiva Mahina, retired.

According to Agribank, Iyambo is a knowledgeable and successful commercial farmer who focuses on horticulture. His success saw him win several awards that include the Namibia Business Awards' award for Excellence (2011), Large-Scale Horticulture Producer of the Year (2014), and Freshmark Supplier of the Year (2016).

He has also been appointed as the chairman of the National Horticultural Task Team, vice-chairman of the Karst Area Horticultural Association as well as vice-chairman of the Potatoes and Onions Producers' Association for Namibia.

Iyambo was also recently appointed as chairperson of the Namibia Agronomic Board.

“His knowledge about the industry, and sound business acumen, provide for optimum advice on credit analysis,” says Agribank.

Meanwhile Dagmar Honsbein has fundamental and practical insights in value chain management as well as financial systems and resources mobilisation for development.

“She is equally comfortable in providing professional services at policy and grassroots levels. Her extensive knowledge in the productive sectors is invaluable as the bank gears itself to serve its clients and respond to their needs in an ever-changing agricultural environment,” according to Agribank

STAFF REPORTER

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