Our History

Equity Bank Tanzania Limited is a commercial bank licensed and regulated by the Bank of Tanzania (BOT). The bank is a subsidiary of Equity Group Holdings Plc, which has other banking subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Democratic Republic of Congo (DRC) and a commercial representative office in Addis Ababa, Ethiopia. ... Read More

Our Philosophy

We exist to transform the lives and livelihoods of our people socially and economically by availing them modern, inclusive financial services that maximize their opportunities.

Purpose

We exist to transform the lives and livelihoods of our people socially and economically by availing them modern, inclusive financial services that maximize their opportunities.

Vision

To be the champion of the socio-economic prosperity of the people of Africa.

Mission

We offer inclusive, customer focused financial services that socially and economically empower our clients and other stakeholders.

Positioning Statement

Equity provides Inclusive Financial Services that transform livelihoods, give dignity and expand opportunities.

Tagline

Your Listening, Caring Partner.

Motto

Growing Together in Trust.

Our Core Values

Our values are intrinsically weaved into our business, flowing through every aspect of our day to day and embracing it as our culture. They are reflections of what we believe in and as guiding principles provide a standard through which we measure ourselves.

 
 

Board Of Directors

Eng. Raymond Peter Mbilinyi

Eng. Raymond Peter Mbilinyi

NON-EXECUTIVE CHAIRMAN

Raymond holds a BSc Engineering and an MBA (Marketing). He is a professional engineer, a certified project manager, transportation specialist and a professional marketer with over 20 years of experience in Africa. He has gained extensive experience in conducting a wide range of assignments in both public and private organizations. Prior to being appointed as Executive Secretary of TNBC, he was the Acting – Executive Director of Tanzania Investment Centre (TIC), First Project Director of Dar Rapid Transit (DART) at Dar es Salaam City Council, Network Development Manager – Retail of BP (T) Ltd and Vice President of World Investment Promotion Agencies Association (WAIPA). He is a Board Member in Swiss Port Tanzania PLC, Tanga Cement PLC, Tanzania Industries Licensing Board – BRELA and Tanzania Private Sector Foundation (TPSF). Raymond is also Vice Chairman of the National Hunting Block Allocation Advisory Committee under the Ministry of Natural Resources and Tourism.

Robert Kiboti

Robert Kiboti

MANAGING DIRECTOR

Robert holds a Bachelor’s Degree in Economics and Administration from Maharshi Dayan University, India. He has attended several professional courses in banking and finance both locally and internationally. He has over 24 years’ experience in banking, where he has held various leadership positions. Before joining Equity Bank Tanzania, he was the General Manager in charge of Equity Supreme Centre. Prior to joining Equity Bank, he was in Industrial Development Bank, where he worked for 7 years in various capacities. Robert joined Equity Bank in May 2005.

ESTHER KITOKA

ESTHER KITOKA

Executive Director

Esther holds a Master of Commerce in Banking and Business Information System from the University Of Sydney, Australia and a Bachelor of Commerce degree in Accounting from the University of Dar es Salaam, Tanzania. She is a Certified Public Accountant and holds a Directorship from the Institute of Directors UK and an Advanced Management Programme from Harvard Business School.

Esther is a seasoned banker, having worked in the banking sector as Bank Examiner for 9 years in the Bank of Tanzania (Central Bank). Later on, she worked as a commercial banker for over 13 years in CRDB Bank Plc, where she held a senior position as Deputy Managing Director/COO for over 8 years. Esther is an Independent Director at the Comprehensive Community Based Rehabilitation in Tanzania (CCBRT). She joined Equity in May 2020.

Godfrey Simbeye

Godfrey Simbeye

Non-Executive Director

Godfrey holds a Bachelor of Commerce and Accounting degree from the University of Dar es Salaam and is a qualified accountant (ACCA). He has a Master of Science degree in Information Systems Management and Technology from the University of Strathclyde in the UK. He has a strong background in Business and Financial Management and has more than 17 years of experience in consultancy and management of finance functions. He is currently the Executive Director of Tanzania Private Sector Foundation (TPSF). His day to day duties at TPSF for over 10 years have earned him a wealth of experience in Public Private Engagement and Dialogue (PPD’s) at local and international levels, private sector development, PPP projects and in advocacy for business environment reforms in Tanzania and in the EAC region.

Godfrey is also a member of the Boards of African Capacity Building Foundation (ACBF) based in Zimbabwe, Tanzania Investment Centre and African Trade Insurance (ATI) based in Nairobi.

Dino Stengel

Dino Stengel

Non-Executive Director

Dino holds a Bachelor of Commerce Degree from Rhodes University. He joined Achelis in Bremen, Germany in 1997 and is currently the Managing Director of Achelis (Tanganyika) and shareholder of JohAchelis & Söhne. He has over 20 years of cross functional experience within the group in Eastern and Southern Africa. In Tanzania, he is an active executive committee member of the Young Presidents Organisation, has chaired the German Business Association and founded the European Union Business Group in 2012. He is also a member of various local and International committees.

Prof. Ahmed Ame

Prof. Ahmed Ame

Non-Executive Director

Ahmed holds a Doctor of Philosophy (Ph.D) in Business Administration from the University of Dar es Salaam; a Licentiate in Business Administration from UMEA University in Sweden; an MBA (with a bias in Production and Operations Management) from the University of Dar es Salaam and a B.A –Statistics (Hons) from the University of Dar es Salaam. He also holds a Statistical training Diploma, with specialization in computer programming and data processing from the International Statistical Education Centre in Calcutta, India. He is an Associate Professor in Business Administration at the University of Dar es Salaam Business School (UDBS). He has undertaken various research projects in the area of banking and is a member of various local and international committees.

PROF. HONEST NGOWI

PROF. HONEST NGOWI

NON-EXECUTIVE DIRECTOR

Professor Ngowi holds a Phd in Economics from the Open University of Tanzania, a Master of Science in Economics and Business Administration from Agder University College, Norway, Advanced Diploma in Economic Planning from the Institute of Development Planning. He is an alumnus of the Norwegian School of Economics and Telemark University College, Norway.

He is Associate Professor of economics, researcher and consults in Economics and Business at Mzumbe University, Tanzania. He has written over 70 major works and published and lectured widely on various areas of economics and business. He is active in the academic, research and consultancy industry with broad international exposures and networks in over twenty countries.

He has been a member of several national and international professional associations and has served as a Director on several boards including the Economic and Social Research Foundation (ESRF), Envirocare, SWISSAID, Southern Agricultural Growth Corridor for Tanzania (SAGCOT), National Entrepreneurship Development Committee (under NEEC) and Stellenbosch University.

Professor Ngowi is the founder of Ngowi TV which is an online television channel dedicated to Economic, Business and Development perspectives. He is also a Partner of Think Global, an international consulting and research company based in Oslo, Norway.

Mary Wamae

Mary Wamae

NON-EXECUTIVE DIRECTOR

Mary holds a Master’s degree in Leading Innovation and Change from York St. John University, UK, a Bachelor of Laws degree from the University of Nairobi and a Diploma in Law from the Kenya School of Law. She is a graduate of Advanced Management Programme (Strathmore - IESE Business School, Barcelona Spain) and Advanced Management Programme at Harvard Business School.

She is a Certified Public Secretary (Kenya) and member of The Institute of Certified Public Secretaries of Kenya (ICPSK), Law Society of Kenya, Women Corporate Directors and the Kenya Section of International Commission of Jurists. She is a graduate of Advanced Management Programme (Strathmore - IESE Business School, Barcelona Spain) and Advanced Management Programme at Harvard Business School. She is an Advocate of the High Court of Kenya and holds a Post Graduate Diploma in Gender and Development and has over 15 years’ experience in private legal practice.

DR. JAMES MWANGI, CBS

DR. JAMES MWANGI, CBS

NON-EXECUTIVE DIRECTOR

James holds five honorary doctorate degrees in recognition of his positive impact to the Kenyan society. He holds a Bachelor of Commerce degree and is a Certified Public Accountant. He has been honoured thrice with National Presidential Awards: The First Class Chief of the Order of the Burning Spear (CBS), the Moran of the Burning Spear (MBS) and Head of State Commendation (HSC).

On the global front, he has won several awards including the G8 Global Vision Award, 2007. He was named among the Top 50 Emerging Market Business Leaders and the 20 most influential people in Africa in 2011; the World Entrepreneur of the Year by Ernst & Young in 2012; the Forbes Africa Person of the Year in 2012 and was recently named in the Bloomberg 50 list of people who defined 2019 globally. He is an honoree of the 2020 Oslo Business for Peace Award, also described as the ‘Nobel Prize for Business’.

On the regional front, James was also recognized as the Africa Investor Awards, CEO of the Year in 2009 and 2015; Innovation Leader of the Year in 2012; African Business Leader of the Year in 2013 and African Banker of the Year in 2010, 2011 and 2017 at the African Banker Awards. He was also named the Banker of the Year during the Banker Africa (East Africa) Awards in 2017 and 2018, and named African CEO of the year by the African Business Leadership 2020 Awards. Locally, he has received the Think Business CEO of the Year award for the last 4 years.

James has served on board and advisory roles at the Global Advisory Council for VISA Inc., the Clinton Global Initiative, The G8 New Alliance For Food Security And Nutrition, US President Barack Obama’s Initiative for Global Development, the G20 Advisory Board of Agriculture and Initiative for Global Development and The Global Agenda Council on New Economic Thinking of the World Economic Forum from 2003-2007. He also served as the Founding Chair of Kenya’s Vision 2030 from inception in 2007 to 2019.

He currently serves on several international bodies as an advisor and was appointed to the Nairobi Advisory Board of Columbia Global Centres. He is a member of the continent-wide PACT initiative, a Board member of the Economic Advisory Board of the International Finance Corporation (IFC), The Mastercard MEA Advisory Board, the Africa Leadership Academy in South Africa, the Global Alliance for Food Security and Nutrition. He is also a guest lecturer at Stanford, Columbia, MIT, Harvard, IESE and Lagos Business School where Equity Bank Business Model is a case study. Locally, he is the Chancellor of Meru University College of Science and Technology and the Chairman of the Health Committee of Kenya COVID-19 Fund Board.

Reuben Mbindu

Reuben Mbindu

Non-Executive Director

Reuben holds a BSc. in Computer Science from Germany and is a full member of the Institute of Human Resource Management in Kenya. He has over 31 years’ work experience, most of which has been in the banking sector as a human capital specialist. He joined Equity Bank in 2013 from Standard Chartered, where he had served at senior management levels in Human Resources for over 15 years. He has also worked in other sectors including public sector (UNEP), consultancy (Deloitte) and ICT (Siemens, Germany). He has also served in other senior positions including Head of Corporate Affairs – Standard Chartered, East Africa and Chairman of the Standard Chartered Nairobi Marathon. Reuben joined Equity Group as the Chief Officer, Human Capital and Administration and was additionally appointed to run operations of the Equity Group Foundation as Executive Director in 2018.

Senior Management

Robert Kiboti

Robert Kiboti

Managing Director

Robert holds a Bachelor’s Degree in Economics and Administration from Maharshi Dayan University, India. He has attended several professional courses in banking and finance both locally and internationally. He has over 24 years’ experience in banking, where he has held various leadership positions. Before joining Equity Bank Tanzania, he was the General Manager in charge of Equity Supreme Centre. Prior to joining Equity Bank, he was in Industrial Development Bank, where he worked for 7 years in various capacities. Robert joined Equity Bank in May 2005.

ESTHER KITOKA

ESTHER KITOKA

EXECUTIVE DIRECTOR

Esther holds a Master of Commerce in Banking and Business Information System from the University Of Sydney, Australia and a Bachelor of Commerce degree in Accounting from the University of Dar es Salaam, Tanzania. She is a Certified Public Accountant and holds a Directorship from the Institute of Directors UK and an Advanced Management Programme from Harvard Business School.

Esther is a seasoned banker, having worked in the banking sector as Bank Examiner for 9 years in the Bank of Tanzania (Central Bank). Later on, she worked as a commercial banker for over 13 years in CRDB Bank Plc, where she held a senior position as Deputy Managing Director/COO for over 8 years. Esther is an Independent Director at the Comprehensive Community Based Rehabilitation in Tanzania (CCBRT). She joined Equity in May 2020.

Stephen Macharia Mwaniki

Stephen Macharia Mwaniki

General Manager - Operations

Stephen holds an Honors Degree in Social Cultural and Development Studies with a major in Accounts and Administration from Moi University Kenya. Stephen has over 17 years of experience in Banking, having worked at Equity Building Society (now Equity Bank) as an Accountant, Assistant Manager, Head of procurement and Admin, Head of Cash Management Centre and GM Market research & product development. He went through the transformation cycle of Equity Building Society to a fully-fledged commercial bank. He held the position of a Branch Manager for ten years. Prior to that Stephen worked for 6 years as a Financial Auditor for the Ministry of Cooperative (Now Ministry of Industry Trade and Cooperatives). He has also worked as the Regional GM- Nairobi West and North Eastern Region in Kenya. He is currently the General Manager -Operations in Equity Bank Tanzania Subsidiary.

Betty Kwoko

Betty Kwoko

Head of Institutional Banking, Liability and Marketing Department

Betty holds a Bachelor of Commerce in Business Administration (Honors) from the University of Rajasthan, India. She has a Diploma in Computer Programming and is a qualified Trainer of Trainers (ToT) by ILD Consulting as well as a member of the Marketing Africa Forum. Betty is an experienced banker with over 22 years in Relationship Management both in corporate and high net worth relationships. Prior to joining Equity Bank, she worked as the Asst. Vice President Institutional Banking- Bank M Tanzania, Corporate Relationship Manager- KCB Bank Tanzania Limited as well as Savings and Finance (now NIC Bank Tanzania). Betty joined Equity Bank in 2013.

George Radonde

George Radonde

Head of Finance Department

George holds a Bachelor of Accounting in Business Accounting and Finance from Mzumbe University, He is a Certified Public Accountant [CPA (T)] registered by the National Board of Accountants and Auditors (NBAA) in Tanzania. He has more than 11 years of experience as an Audit, Finance, Taxation and Accounting. Worked as Associate, Assurance services at PricewaterhouseCoopers, Senior Associate, Assurance services at PricewaterhouseCoopers, Bank Examiner at Bank of Tanzania, Business Finance Manager at Standard Chartered Bank, Senior Reporting and Operations Manager at Standard Chartered Bank, Currently he is the Head of Finance and ICT in Equity Bank Tanzania Subsidiary.

Douglas Bashobeza

Douglas Bashobeza

Head of Internal Audit Department

Douglas holds a Bachelor of Commerce in Accounting Degree (B.com - Accounting) from the University of Dar es salaam, He is a Certified Public Accountant [CPA (T)] registered by the National Board of Accountants and Auditors (NBAA) in Tanzania and has a Post Graduate Diploma in Finance from the University of Strathclyde (Scotland – UK). He has more than 10 years of experience as an Audit, Finance, Taxation and Accounting. Worked as Audit Assistant to Senior/Lead Auditor at Ernst & Young, Financial Analyst at Tanzania Minerals Audit Agency (TMAA), Deputy Manager – Internal Audit at Quality Group Limited, Internal Auditor Manager at FINCA Microfinance Bank Limited, Currently he is the Head of Internal Audit in Equity Bank Tanzania Subsidiary.

Leynnette Machibya

Leynnette Machibya

Head Risk and Compliance Department

Leynnette holds a Bachelor Degree of Business Administration in Accounting- Monroe College, New Rochelle, NY -USA, MBA in Business Management- Monroe College, New Rochelle, NY-USA. She has more than 15 years of experience in Risk Management and capacity building. Worked as Associate Audit at KPMG LLP, New York, USA, Associate Audit at KPMG LLP, Dar es Salaam, Tanzania Operational Risk Manager at National Bank of Commerce, Head Office – Dar es Salaam, Tanzania, Head of Risk and Compliance at Akiba Commercial Bank Plc, Head Office – Dar es Salaam, Currently she is the Head of Risk and Compliance in Equity Bank Tanzania Subsidiary.

Heri Saburi

Heri Saburi

Head of Legal Department

Heri holds a Bachelor’s Degree of Law (LLB) at the Mzumbe University in Morogoro, Tanzania.He is an accomplished Lawyer and Advocate of the High Court of Tanzania, with 12 years of broad experience encompassing corporate law, lending, contract negotiations, compliance, credit and operational risk management, corporate due diligence, conveyance, corporate financing, joint ventures, shareholder and equity capital markets, fund management, dispute resolution, litigation, labour and general legal matters. Worked as Credit Documentation Officer Credit Risk Control Unit, WB Legal at Standard Chartered Bank Tanzania Limited, Senior Credit & Legal Documentation Manager CDU Wholesale Bank, Legal at Standard Chartered Bank Tanzania Limited, Legal Counsel, Legal & Company Secretary Department at National Bank of Commerce Limited, Senior Country Legal Counsel, Legal & Company Secretary Department at Standard Chartered Bank Tanzania Limited, Currently he is the Head of Legal Department in Equity Bank Tanzania Subsidiary.

Our Achievements

Here are some of the recent accolades and recognition's that Equity Bank Limited has received include.

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Equity Bank is Regulated by Bank of Tanzania (BOT)