Bank of Africa Tanzania Senior Management Team, Who is the CEO?


Below is the Senior Management Team of Bank of Africa Tanzania and the CEO:


Managing Director (MD)/CEO

Adam was appointed Managing Director of bank of Africa Tanzania in September 2021. Adam has over 14 years’ experience in the banking industry – working for Local, Regional and Global banks with a career history spanning across Retail, SME and Corporate. He is an industry expert in Risk Management. Prior to joining BANK OF AFRICA TANZANIA LIMITED, Mr. Mihayo was the Credit Director of Absa Bank Tanzania Limited, where he successfully led the credit function of the bank and actively participated in defining strategic objectives to support business growth.


Deputy Managing Director – Commercial (DMD)

Samir was appointed Deputy Managing Director of BANK OF AFRICA-TANZANIA in July 2018. Samir has over 20 years’ experience in the banking and financial sector. Prior to joining BOA-TZ, he was based at Bank of Africa Group-Kenya as the Regional Head of Sales for 9 countries (Kenya, Tanzania, Uganda, Rwanda, Burundi, DRC, Ghana, Djibouti and Madagascar). Prior to that, he worked as a Senior Corporate Relationship Manager, Sales Co-coordinator – Enterprise, and Trade Finance Manager at BMCE Bank Morocco. He is a holder of MBA: Finance and Information Technologies.


Deputy Managing Director – Operations & Support (DMD)

Wasia was appointed as Deputy Managing Director at BANK OF AFRICA – Tanzania in December 2020. During his tenure at Bank of Africa Tanzania, he has served 5 years as Deputy Managing Director- Business Development at Bank of Africa Tanzania. Wasia has over 16 years of progressive experience in banking with notable achievements in Strategy implementation, Change Management, Portfolio Management and known excellent service in customer satisfaction.


Head of Marketing and Communication

Nandi brings onboard a wealthy of knowledge and experience in Marketing, Communication and Brand Management for over 15 years in the market; having previously worked with Vodacom Tanzania PLC and Serengeti Breweries Limited. She is responsible for developing and executing marketing and communication strategy by providing strategic marketing, communication and citizenship support and best practices to deliver strategic business objectives.


General Manager – Finance

Derick Lugemala joined in February 2022 as Head of Finance for Bank of Africa Tanzania, He is responsible for all of the Banks financial functions and investor relations. His role involves providing strategic financial advisory and integrating financial strategies with corporate and development long-term goals which informs the strategic direction of the bank. His career spans more than 11 years of varied experience in financial management, business leadership and corporate strategy. Earlier in his career before joining Bank of Africa, Derick served as Director of Finance, Treasury and Resources mobilization at Tanzania Agricultural Development Bank


Head of Treasury

Bruno joined the Bank of Arica in November 2012 as Head of Treasury. He has 16 years of Banking Experience ranging from asset and liability management, fixed income trading, forex sales and trading as well as experience on treasury operations and credit risk management skills and he is part of the executive members and other key committees designated with the responsibilities of driving Bank of Africa into known and respected brand in the Tanzania banking sector while maximizing returns to its stakeholders. Prior to that, He served in different roles at Standard Chartered Bank Tanzania (Head – Asset and Liability Management) and Standard Chartered London serving the bank under different capabilities spanning over 6 years. He holds Masters of Science in Economics and Finance from University of Bradford in UK in the year 2013. Bachelor of Commerce and Management (Hons) major in accounting from University of Dar es Salaam in 2006. Certificate in Financial Market Dealing “with Distinction” from ACI Paris in the year 2007.


General Manager – Credit & Control

He is responsible to provide strategic direction and oversight on managing Credit Risk and protect shareholders value, while supporting sustainable business growth through value-adding risk management. His career spans more than 15 years of varied experience in Credit Risk Management, SMEs and Sustainability (Environmental, Social and Governance) agenda. Patrick joined from Bank of Africa- Kenya where he was the Head of Credit Analysis and Sustainability Coordinator. Earlier in his career, Patrick has worked with other banks such as Equity and TransNational (now Access Bank) in Nairobi Kenya.


General Manager – Internal Audit & Investigation

Alex was appointed as Head of Internal Audit and Investigation for Bank of Africa Tanzania in February 2022.He was confirmed to the role of General Manager Internal Audit and Investigation in 1st October 2022.Prior to this appointment Alex held different positions in the bank i.e. Head of Compliance and Control, Head of Permanent Control and Manager Internal Audit. Before joining the bank, he was a Senior Auditor at PricewaterhouseCoopers. He holds a Bachelor of Commerce (Accounting) degree and Master’s degree in Business Administration(MBA). He is a Certified Public Accountant (CPA-T) and member of the Association of Chartered Certified Accountants (ACCA – UK).


General Manager – Operations & Business Efficiency

Mariaconsolata was appointed General Manager – operations and business efficiency in December 2020. She is an experienced with a demonstrated history of working in the financial services. She is skilled in Management and has strong business development professional with an MBA in Corporate management. Mariaconsolata Wapalila joined BOA-Tanzania in 2007 as Operations manager and rose through the leadership ladder.


Head of Human Resources

Pamela was appointed Head of Human Resources at BANK OF AFRICA- TANZANIA in June 2021. She joined the bank from National Bank of Commerce Limited (NBC LTD) where she worked as a member of extended leadership since she joined in 2008 and she was specialized in developing and administering human resource plans and procedures in the banking business development. She holds a Master in Business Administration (MBA) and is known to be approachable and a productive Human Resource Person with over 14 years track record of success.


Head of Compliance & Control

Rose was appointed Head of Control and Compliance for Bank of Africa Tanzania in February 2022. Before the appointment, she was Head of Audit and Investigation from July 2010 to Feb 2022. She has served over 13 years in the Audit department and also severed as head of finance from April 2010. Rose is a qualified MBA holder and certified CPA holder.


Head of Risk

Kelvin was appointed head of Risk at Bank of Africa Tanzania in January 2022. Prior to that, he worked for UBA bank in Tanzania as Country Chief Risk Officer. Collectively he has over 10 years of experience in the field of risk management. He holds an MBA-Corporate Management from Mzumbe university, a Certified Risk Specialist (INTERFIMA – Luxembourg) and is a Certified Professional Banker ( TIOB).


Company Secretary & Head of Legal Services

Elizabeth joined the bank in October 2016 as the Company Secretary & Legal Counsel, being one of the youngest members of the Executive Committee at the time. Following re-organization of the bank’s structure in December 2020, she was appointed as the Company Secretary & Head – Legal Services. This demonstrated the organization’s trust in her capabilities and prowess in the legal field. She is an Advocate under the Tanganyika Law Society. She is an active member of the Tanganyika Law Society and East African Law Society. She holds an LLM in Corporate Governance and Law and further an accredited Director from the Institute of Directors Tanzania (IoDT).


Head of Information Communication Technology and Chief Digital Officer

Yusuf was appointed as Head of Information Communication Technology and Chief Digital Officer (CDO) in November 2021. Prior to this, he was Head of Project Management for a period of 4 years. Yusuf has over 14 years of experience within the Banking industry of which he has served in different Roles. He holds MSc in Information Technology and Management.


Head of Corporate Banking

Emmanuel joined Bank of Africa as Head of Corporate Banking in August 2021. He joined the bank enriched with over 14 years banking experience in Banking both outside and Inside of the country. He holds a Bachelor’s degree in Business Administration majoring in accounting and has major competences in financial analysis skills, corporate and retail financial products structuring and pricing. In his capacity he leads corporate banking in all spheres of business.


Head of Retail Banking

Ninaeli was appointed Head of Retail and SME Banking at BANK OF AFRICA – Tanzania in March 2021. Ninaeli has over 14 years’ experience in banking industry, worked for bank of Africa Tanzania in various positions. Prior she worked as Senior Manager of Branch Performance and Sales Coordination with 19 branches to handle. She holds an MBA-Corporate Management from Mzumbe University.


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