Saturday, October 1, 2022

Neo Moroka joins Absa Bank Botswana

De Beers Mining Company resident director – Neo Moroka has been appointed as an Independent Non-Executive Director and Board Chairman of a local banker – Absa Bank Botswana Limited. 

The Board of Directors of Absa Bank Botswana Limited says Moroka’s appointment is effective 1 July 2021. 

According to a statement from the bank, the appointment follows the resignation of former Board Chairman Oduetse Motshidisi on 12 August 2020. The board has also said that the replacement of Motshidisi by Moroka is subject to conclusion of the voting of shareholders at the Company’s 35th Annual General Meeting billed for late this month. 

Absa Bank has described Moroka as 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 have seen him leading organisations such as the then 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, Moroka is said to have 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. Moroka is also a former politician who served as the Minister of Trade and Industry from 2004 to 2009 in the Government of Botswana. He 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. Meanwhile a certain Dube who joined the Board in November 2009, will retire from the Board after the conclusion of the Company’s AGM on 28 June 2021.


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