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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

Transforming lives, giving dignity and expanding opportunities for wealth creation.

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

Raymond Mbilinyi

Raymond 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.

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

GROUP 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.

George Theobald

George Theobald

NON-EXECUTIVE DIRECTOR

George holds a Bachelors Degree in Economics (BA) from University of Exeter. He has served as a Director in various Boards including, Chairman at FTG Holdings, Domino Ltd, Kijabe Ltd, Wakulima Tea Co. amongst others. George has been the driving force behind the growth of a number of East African companies spread out across various sectors. George has lived in East Africa since 1983, after a commission in the British Army and a time in London working as a stockbroker. He worked as the General Manager of Lonrho Tanzania Ltd before founding Tatepa Ltd, where he serves as the Managing Director of the publicly listed company (the largest smallholder tea and avocado producer in Tanzania). He is also the Chairman of Kariki Group (a group of flower farms) in Kenya and the Chairman of Nomad Group (a chain of safari lodges) in Tanzania.

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)