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Absa Bank Botswana's non-executive directors are remunerated through annual board fees and additional payments for chairing or serving on board committees such as Audit, Risk, Credit, Compliance and Human Resources, with additional allowances for the board chairman and lead independent director.
This is how much they earned in FY2025:
Cosmas Moapare (P810,300)
As Independent Board Chairman, Cosmas Moapare was the highest-paid non-executive director in 2025, receiving P810,300. He brings extensive experience in financial services, strategic development, treasury, capital management and corporate leadership. As chairperson, he is responsible for leading board deliberations, promoting sound corporate governance and ensuring the board operates effectively while maintaining an appropriate balance between oversight and executive accountability. His strategic leadership experience is central to shaping the bank's long-term direction and maintaining confidence among shareholders and regulators.
Kgotlayarona Ramaphane (P613,000)
Receiving P613,000 in 2025, Kgotlayarona Ramaphane serves as Lead Independent Director and chairs the Human Resources, Remuneration and Nominations Committee while also serving on the Risk and Credit Committees. His academic background in economics and decades of experience in banking and governance make him one of the board's most influential voices on strategy, leadership succession and executive remuneration. As Lead Independent Director, he also provides an important layer of independent oversight and serves as a key point of engagement for shareholders where required.
Benjamin Monaheng Kodisang (P547,900)
Benjamin Kodisang earned P547,900 during the year. A chartered accountant by profession, he chairs the Board Audit Committee and brings deep expertise in financial services, treasury, capital management and corporate transformation. His role is critical in overseeing financial reporting, internal controls, audit processes and regulatory compliance, helping ensure that the integrity of the bank's financial statements meets the expectations of regulators, investors and other stakeholders.
Sari Helena Nikka (P493,900)
Sari Helena Nikka received P493,900 in remuneration. She chairs the Board Risk Committee and serves on both the Credit and Audit Committees, bringing significant expertise in financial services, credit risk and sustainability. Her experience enables the board to effectively oversee enterprise risk management, lending standards and emerging challenges such as climate-related financial risks, all of which have become increasingly important within modern banking.
Sethunya Makepe-Garebatho (P473,800)
Sethunya Makepe-Garebatho earned P473,800 in 2025. She chairs the Compliance Committee and also serves on the Human Resources, Risk and Credit Committees. With expertise spanning labour law, governance, compliance and human resource management, she strengthens the board's oversight of regulatory compliance, ethical conduct and workforce governance. Her legal background is particularly valuable in helping the bank navigate an increasingly complex regulatory environment.
Thabo Kagiso Matthews (P445,550)
Thabo Matthews received P445,550 during the year. He chairs the Credit Committee and serves on the Compliance Committee, bringing experience in strategic leadership, transformation and financial services. His role is especially important in overseeing lending decisions, portfolio quality and credit governance, ensuring the bank maintains an appropriate balance between growth opportunities and prudent risk management.
Dr Wilfred Jiwa Mandlebe (P335,317)
Appointed to the board in February 2025, Dr Wilfred Mandlebe received P335,317 in remuneration during his first year. He serves on the Audit Committee and brings nearly four decades of professional experience in economics, banking and governance. His academic credentials, including a PhD in Public Policy, provide the board with valuable macroeconomic insight at a time when interest rates, inflation and broader economic conditions continue to shape banking performance.
Dr Priya Ravi Iyer (P272,167)
Dr Priya Ravi Iyer joined the board in April 2025 and earned P272,167 during the year. She serves on the Audit Committee and contributes expertise in financial management, accounting, governance and sustainability. Her experience strengthens the board's oversight of financial reporting while also bringing an environmental, social and governance perspective that is becoming increasingly important as banks expand their sustainability reporting obligations.
Saviour Mwepu Chibiya
Although Saviour Chibiya serves as a non-executive director on Absa Bank Botswana's board, he does not receive director remuneration from the local bank. As an Absa Group nominee, his fees are paid directly by Absa Group Limited. Chibiya is one of the region's most experienced banking executives, having held senior leadership positions at Citibank, Barclays and Absa across several African markets. His extensive pan-African banking experience provides the Botswana board with strategic insight into regional banking trends, corporate banking, institutional growth and group-wide governance practices.