Finance and Public Enterprises Minister Ipumbu Shiimi has appointed a new board for the Development Bank of Namibia (DBN), naming Evangelina Nailenge as Chairperson and Debmarine CEO Willy Mertens as Deputy Chairperson.
The newly appointed Board also includes MTC Executive Patience Kanalelo, Bank of Namibia Director of Information Technology Marsorry Ickua, and Dr. John Steytler, who serves as an ex-officio member in his capacity as DBN CEO.
Their term will run until December 31, 2027.
In response to her appointment, Nailenge expressed gratitude and commitment to leading the Bank’s mission over the next three years.
“I am deeply honoured by the confidence bestowed in me to chair the Board of the Development Bank of Namibia. 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 appointments bring together a diverse team of professionals with extensive expertise across various industries, which is expected to strengthen DBN’s strategic vision and its role in driving economic development.
DBN CEO Dr. John Steytler praised the new Board, expressing optimism about its potential to drive significant change.
“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,” he said.
The Development Bank of Namibia plays a critical role in financing projects that foster economic growth and improve livelihoods.
