Stakeholders reject DBN chairperson appointment

By Rosalia David

BUSINESSPEOPLE have rejected the appointment of former FNB Namibia chief executive officer Sarel Van Zyl as the new Development Bank of Namibia (DBN) chairperson.

This comes after DBN announced the new board of directors which comprises of Van Zyl, Evangelina Nailenge, MTC Namibia’s Patience Kanalelo, the Bank of Namibia’s director, Marsorry Ickua, Diana Husselmann and Debmarine’s chief financial officer, Willy Mertens on Tuesday.

In a petition seen by Confidente addressed to Prime Minister Saara Kuugongelwa-Amadhila, Minister of Finance Iipumbu Shiimi, BoN governor and the auditor general, the stakeholders stated that Van Zyl is coming from a commercial banking background that has systems that are conflicted or opposed to what DBN stands for.

Read the full story in this week’s edition.