The Agribank Board has appointed Emmanuel Masule, the bank’s Executive Manager Credit to the position of Acting CEO until Dr Raphael Karuaihe takes up the role following his appointment as substantive CEO with effect from the 10th of January 2022.
Masule takes over the role from Louis du Toit, the bank’s Chief Financial Officer who has been acting in the position for the past three months, following the departure of Sakaria Nghikembua who joined Momentum Metropolitan Namibia as group CEO in August.
Dr Karuaihe is currently the Head of Commodities at the Johannesburg Stock Exchange (JSE) in South Africa. He has been with the JSE since 2012, where he oversees agricultural and non-agricultural commodities within the Capital Markets Division.
