Central Bank celebrates women at the helm of commercial banks

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The Bank of Namibia this week hosted an event to honor women appointed to leadership positions in the country’s largest commercial banks, as they contribute to the national aspiration to transform the management and ownership of financial institutions.

Currently, four of the top five commercial banks now have female CEOs, namely: Baronice Hans, CEO of Bank Windhoek, Ester Kali, CEO of Letshego Namibia, Martha Murorua, CEO of Nedbank Namibia, and the recent appointment of Mercia Geises as the new President and CEO designate of Standard Bank Namibia.

On this occasion, the Governor of the Bank, Johannes! Gawaxab said that over the last thirty years, there has been a significant improvement in the localization of management in banking institutions.

“We have seen Namibian women being appointed on merit to managerial and managerial positions in the banking sector, which is a welcome undertaking,” said Gawaxab.

The transformation of the Namibian financial sector as advocated by the Namibia Financial Sector Strategy 2011-2021 and the Voluntary Financial Sector Charter calls for the localization of the sector. In this context, localization refers to improving local ownership, skills development and the decision-making capacity of institutions.

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

Bank management transformation is not a legal or regulatory requirement under the mandate of the Bank of Namibia. Banks, as signatories to the Financial Sector Charter, voluntarily implement the Charter and take into account the reforms advocated in the National Sector Transformation Strategy, i.e. the Namibia Financial Sector Strategy.

Speaking at the event, Murorua said that when she looked back on her career she was proud of her journey, adding that the current transition brought on by the Covid 19 pandemic calls for solutions-oriented leadership and relentless so that the country overcomes the current challenges. aspirations for growth and development.

Likewise, Hans emphasized the self-discipline that has helped her move up the corporate ladder, stating that “no one should be limited by race or gender and that anything is possible with dedication, discipline. and sacrifice “.

Hans added that to meet Namibia’s economic challenges in the future, the country must foster an economy that encourages foreign direct investment as a matter of urgency, and less dependent on public finances.

Kali, on her behalf, shared the same thought that “with tenacity, clear focus and a motivating personal purpose to make a difference for more people, anything is possible.” This was in addition to his call to embrace digitization to ensure the effectiveness of the current way of working.

While acknowledging the role of her mentors in her career, Geises advised her female colleagues to be resilient and deploy skills and ideas to change the current situation.


fltr: Bank Governor Johannes! Gawaxab, Mercia Geises as new CEO designate of Standard Bank Namibia, Baronice Hans, CEO of Bank Windhoek, Ester Kali, CEO of Letshego Namibia, Martha Murorua, CEO Director of Nedbank Namibia and Deputy Governor of Bank of Namibia Ebson Uanguta at the event in Windhoek on February 8.


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