Absa appoints Moroka as new Board Chairperson

Absa Bank Botswana Limited has announced the appointment of former Minister of Trade and Industry Daniel Neo Moroka as an Independent Non-Executive Director and Board Chairman of the company, effective 1 July 2021.

This appointment follows the resignation of former Board Chairman Mr Oduetse Motshidisi on 12 August 2020 and is subject to conclusion of the voting of shareholders at the Company’s 35th Annual General Meeting scheduled for 28 June 2021.

Moroka who also served as a legislator between 2004 and 2009 is a seasoned executive and strategic leader with forty years of experience spanning across the corporate industry locally and regionally, as well as the public sector in Botswana. His corporate experience includes financial services,retail and wholesale, oil and gas, mining, as well as the trade sectors.

He is currently the resident director of the De Beers Group of Companies and Chairman of De Beers Global Sight Holder Sales in Botswana.

Having joined De Beers in 2010, he is responsible for the overall strategic direction and governance of the companies in Botswana as well as for the management of the relationship between De Beers and the Government of Botswana.

His extensive leadership and corporate governance experience has seen him leading organisations such as BP Botswana, BP Zambia and BP Southern Africa, while having served on the boards of listed entities such as Funeral Services Group and Sefalana Holdings.

Early on in his career, Mr Moroka worked across different portfolios in the banking sector and subsequently served as a Non-Executive Director for Bank of Botswana, Barclays Bank of Botswana and the National Development Bank.

“I look forward to scaling even greater heights working under the stewardship of Mr Moroka, who brings with him a wealth of expertise in corporate leadership, having local, regional and global exposure. Mr Moroka will provide crucial strategic direction and oversight as we work towards delivering continued business growth and success for the Bank for both our shareholders and customers, during and post the volatility of the Covid-19 pandemic,” said Keabetswe Pheko-Moshagane, Managing Director of Absa Bank Botswana.

ABSA CEO: Keabetswe Pheko-Moshagane

Moroka holds a BSC (Magna Cum Laude) Wildlife and Fisheries Sciences from Texas A&M University and a Master of Science in Animal and Range Sciences from New Mexico State University, United States of America.

Moroka is also a member of the Botswana Institute of Bankers and the Institute of Directors, South Africa.

Board expressed confidence that his wealth of experience and passion for the financial services sector and economy at large, will be invaluable to the Bank and inspire further delivery of the Bank’s ambition.

The board further wished to express sincere gratitude to the Interim Chairman, Alfred Majaye Dube, who has been at the Board’s helm since 13 August 2020.

Dube joined the Board in November 2009, and will retire from the Board after the conclusion of the Company’s AGM on 28 June 2021.

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