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Cabinet approves Themba Reginald Busika as CEO of VIDIC

Themba Reginald Busika is the new Chief Executive Officer (CEO) of the Virgin Islands Deposit Insurance Corporation (VIDIC). Photo: LinkedIn
The Virgin Islands Deposit Insurance Corporation (VIDIC) was officially opened on December 11, 2024, marking a significant step towards enhancing depositor confidence and financial stability in the territory. Photo: Facebook/VIDIC
The Virgin Islands Deposit Insurance Corporation (VIDIC) was officially opened on December 11, 2024, marking a significant step towards enhancing depositor confidence and financial stability in the territory. Photo: Facebook/VIDIC
ROAD TOWN, Tortola, VI- The Virgin Islands Deposit Insurance Corporation (VIDIC) has a new Chief Executive Officer (CEO).

Cabinet met on September 18, 2026, and approved the recommendation of the Virgin Islands Deposit Insurance Board of Directors to appoint Mr Themba Reginald Busika as VIDIC’s new CEO, in accordance with Section 40(1) of the Virgin Islands Deposit Insurance Act, 2016.

Confirmation of CEO role

Mr Busika has confirmed on his LinkedIn account that he began working as CEO of VIDIC. “I’m happy to share that I’m starting a new position as Chief Executive Officer at Virgin Islands Deposit Insurance Corporation (VIDIC)!” Mr Busika stated on October 15, 2026.

Mr Busika replaces Lisa Ann Violet as CEO of VIDIC.

The Virgin Islands Deposit Insurance Corporation (VIDIC) was officially opened on December 11, 2024, marking a significant step towards enhancing depositor confidence and financial stability in the territory. The corporation aims to protect deposits up to $100,000 per depositor per member institution, ensuring financial security in the event of bank failure.

1 Response to “Cabinet approves Themba Reginald Busika as CEO of VIDIC”

  • Raw, Unfiltered, Unpolished, and Unvarnished (18/10/2026, 13:09) Like (2) Dislike (0) Reply
    Hear Dis Ya! Wah gwan on? The Above Round Rock mentality still in effect, eh. It seems the BVI has poorly educated its people. And as as consequence, its people are not competitive, requiring recruiting from the outside to fill positions, which Virgin Islanders should be able perform effectively. The BVI is dependent on food import to feed it, it depends on external skill labour to function, etc. This is not a diss on Mr. Regional Busika; I’m blaming the player but the game.

    Hear dis ya! Virgin Islanders have been working in banking since the late 1950s/early 1960s. Pray tell why there is not a cadre of Virgin Islanders who can fill banking positions?

    Is the BVI ready to move the next self-determination economic and political option?


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