CORB Fund Appoints Directors To the Company

Gaborone. Botswana.

The Cubango-Okavango River Basin (CORB) Fund has announced the appointment of seven Directors to the Company. The Fund functions as a fully independent company to enhance livelihoods, improve ecosystem resilience and provide equitable benefits to stakeholders in the River Basin shared by the states of Angola, Botswana and Namibia. The Board consists of three directors from each of the riparian states and four independent experts who oversee the business and affairs of the company to ensure it delivers on its purpose. Welcoming the new directors, the OKACOM Executive Secretary, Phera Ramoeli noted that "This is a milestone in the operationalisation of the Fund as it marks the completion of the most important governance structure  which renders the Board now fully established. The Board can now take all the necessary decisions in the implementation of its mandate". The newly appointed directors bring with them a wealth of knowledge and experience across the fields of  Law, Financial and Investment Management, Water Resource Management and Environmental Sustainability.