Who runs the world? Girls!

The Bank of Namibia celebrates women in leadership positions in the financial sector.

12 February 2021 | Banking

STAFF REPORTER





To recognise accomplishments of the transformation agenda in the financial sector, the Bank of Namibia hosted an event under the theme ‘Celebrating Female Leadership in Banking’. The event took place on Monday, 8 February 2021 at the Bank of Namibia.

Transformation of the Namibian financial sector as advocated for by the Namibia Financial Sector Strategy 2011-2021 and the voluntary Financial Sector Charter calls for the localisation of the sector.

In this context, localisation refers to ensuring increased local ownership, skills development and decision-making capacity of institutions.

This includes representation or participation of Namibian citizens in the control and management structures of the institutions, i.e. boards of directors, executive management and other decision-making structures.

Currently, four of the top five commercial banks in Namibia have female chief executives.

These are:

• Baronice Hans, the managing director of Bank Windhoek,

• Ester Kali, the chief executive officer of Letshego Namibia,

• Martha Murorua, the managing director of Nedbank Namibia, and

• Mercia Geises, the new chief executive officer designate of Standard Bank.

At the occasion, BoN governor Johannes !Gawaxab said: “Over the past 30 years, we have observed a significant improvement in respect of localisation of management at banking institutions. We have seen Namibian women being appointed on merit to management and executive positions within the banking sector, which is a welcomed undertaking.”

The transformation of management of banks is not a legal or regulatory requirement under the mandate of the Bank of Namibia.

The banks, as signatory to the Financial Sector Charter, voluntarily implement the Charter as well as heed to the reforms advocated for in the national sector transformation Strategy i.e. the Namibia Financial Sector Strategy.

“As regulator, the Bank is proud to celebrate these appointments as they are furthering the national aspiration of transforming the management and ownership of financial institutions,” !Gawaxab said.

Similar News

 

Get your spice on

3 days ago - 14 May 2021 | Banking

Mariselle StofbergThe 2021 Nedbank Kapana Cook-Off Competition was launched on Friday, 7 May in Windhoek with a media launch which saw 14 Namibian media houses...

!Gawaxab: ‘Banks must be affordable’

5 days ago - 12 May 2021 | Banking

Jo-Maré Duddy - While ensuring a financial sector at the cutting edge of the technological revolution, banks should not be oblivious to perceptions of high...

Success is no accident

1 week ago - 07 May 2021 | Banking

Nedbank Namibia honors its top achieversWetumwene Shikage On Friday, 30 April, Nedbank Namibia held its annual Employee Top Achiever Awards at the site of the...

Success is no accident

1 week ago - 07 May 2021 | Banking

Nedbank Namibia honors its top achieversWetumwene Shikage On Friday, 30 April, Nedbank Namibia held its annual Employee Top Achiever Awards at the site of the...

Lack of youth interest worries DBN

3 weeks ago - 21 April 2021 | Banking

NAMPAKHORIXASThe Development Bank of Namibia’s (DBN) manager for the northern regions, Fillemon Nditya has expressed disappointment in the low turnout of young people at the...

FNB closes branches

1 month - 26 March 2021 | Banking

Staff Reporter Over the past few years, FNB Namibia has focused on developing a strong financial service offering, with special emphasis on digitisation. This means...

Driving initiative at Nedbank Nam

1 month - 24 March 2021 | Banking

At the core of his values, the centre around which his life is built, is to leave every situation better than one finds it. This,...

Ex-SME Bank staff demand salaries

2 months ago - 12 March 2021 | Banking

OGONE TLHAGEWINDHOEKFormer employees of the defunct SME Bank are demanding to be treated the same as employees of Air Namibia, who stand to get a...

Bank of Namibia keeps on investing in the youth...

2 months ago - 12 March 2021 | Banking

Monique AdamsEleven learners were awarded bursaries by the Bank of Namibia’s bursary scheme at an event held last week.The beneficiaries will be studying in various...

Bank Windhoek applauds those fighting on the Covid-19 frontlines

2 months ago - 19 February 2021 | Banking

STAFF REPORTER Bank Windhoek staff members dressed in white on Friday, 12 February, in appreciation of healthcare frontline workers fighting Covid-19.According to the World Health...

Latest News

No pot of gold in...

16 hours ago | Business

Namibia produced 344 kg of gold bullion in March, according to the latest sectoral report by the Namibia Statistics Agency (NSA). Compared to March 2020,...

SAA aims for the sky...

16 hours ago | Economics

JOHANNESBURG - South African Airways (SAA) aims to resume flights in July or August, but the restart date will depend on how the COVID-19 pandemic...

Price monster guzzles fuel

16 hours ago | Economics

The international oil market is a very volatile environment, and oil prices can swing in any direction at any given moment. – Andreas Simon, Senior...

Baby dies while mom’s out...

16 hours ago | Crime

ELLANIE SMIT WINDHOEKA three-month-old baby girl died on Friday evening in Epako while her mother was out drinking.According to the...

Solar minibuses for Africa

16 hours ago | Economics

MEGAN ROWLINGAs emissions from African transport surge, governments need to find ways to encourage a shift to cleaner, healthier electric vehicles, especially among the minibus...

Ivory Coast, Ghana push cocoa...

16 hours ago | Business

ANGE ABOAIvory Coast and Ghana asked cocoa and chocolate companies last week to pay more in premiums to support farmers' wages, the head of Ivory...

EDITORIAL

16 hours ago | Opinion

It has been estimated that more than 40% of Namibia’s population live in shacks, their daily lives in jarring contrast to those living close by...

16 survive accident on Otji-Kalkfeld...

16 hours ago | Accidents

NAMPA Sixteen people survived an accident after the Quantum minibus they were travelling in overturned...

Safaricom expects return to earnings...

16 hours ago | Business

DUNCAN MIRIRISafaricom, Kenya's biggest telecoms operator, expects core earnings to return to growth this year after the coronavirus crisis hit revenue from financial services and...

Load More