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Board of Directors

The Board of Directors has attracted directors who have shown great commitment and enthusiasm in involving themselves in the affairs of the Bank and who have demonstrated the spirit and ethos of the organization. The Directors have supervised the delivery of dramatic growth over the years, with the Bank continuing to deliver strong financial performance. The Board has provided leadership to the Bank to become an all inclusive bank providing accessible and affordable financial services and in the process generating great shareholder value. All Board members are vetted before appointment to take into account professional qualifications, integrity and track record.

The Board also conducts a self evaluation exercise in keeping with highest international standards. The evaluation focuses on the role and responsibility of the Board, structure, composition, functions and processes, information, meetings among other critical areas.

The Board has established seven Board committees to assist in guiding the direction of the bank. These are Audit, Credit, Risk management & ALCO, Governance, Nominations and Staff Remuneration, Tendering & Procurement, Strategy & Investment, Executive Committees. All the committees are governed by charters setting out their mandates and authority.

  • https://equitybank.co.tz/RAYMOND MBILINYI




    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.

  • https://equitybank.co.tz/ROBERT KIBOTI




    Robert holds a Bachelor’s Degree in Economics and Administration from Maharshi Dayanand 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 Bank 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. 

  • https://equitybank.co.tz/GODFREY SIMBEYE




    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.

  • https://equitybank.co.tz/DINO STENGEL




    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.

  • https://equitybank.co.tz/MARY WAMAE




    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.

  • https://equitybank.co.tz/JAMES MWANGI, CBS




    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.

  • https://equitybank.co.tz/REUBEN MBINDU




    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.

  • https://equitybank.co.tz/PROF. AHMED AME




    Ahmed holds a Doctor of Philosophy (PhD) 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.

  • https://equitybank.co.tz/PROF. HONEST NGOWI




    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.

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