Boitumelo Mosako first black woman appointed as DBSA CEO

By Bahle Gama

The Development Bank of Southern Africa (DBSA) has received approval to appoint Boitumelo Mosako as its next Chief Executive Officer (CEO) when the incumbent Patrick Dlamini’s term comes to an end on March 31.

Mosako is the first black woman to be appointed as a CEO at DBSA. The DBSA has described the outgoing CEO to have been at the helm of the institution since September 2012, “as his exemplary service delivery stability, strength and sustainable growth to the bank and country.”

The outgoing CEO is reported to have had an impact on every single person at the DBSA and the conviction with which he led the bank over the last decade, and the institutional credibility he assisted bolster is one for the books.

DBSA Chairperson Professor Mark Swilling stated that “indeed, he (Dlamini) did not do this alone, it was all possible with the support of a capable team of executives, divisional heads, managers, practitioners and experts and administration.”

According to Engineering News, the board identified Mosako, who is currently DBSA’s CFO, from a pool of competent candidates, and is reported to have played a critical role in propelling the bank to new heights in her current role.

Following the Cabinet’s approval of the recommendation to appoint Mosako, the board will, with oversight from the shareholder, manage the appointment and assumption of office.

The chairperson stated that Mosako’s appointment is an admirable fact for the bank as she is the first black woman to be recommended for this role.

“We are proud that this move happened from within the bank. It is a testament to the strength of the institution, as a sanctuary for development practitioners, and we will rally behind her as she assumes her new role and meets all its critical demands,” said Swilling.

The appointment process will be finalised over the next several weeks.