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Monday 6 May 2024

BANK OF AFRICA APPOINTS ESTHER CECIL MARUMA AS MANAGING DIRECTOR


It is with great excitement and anticipation that I announce the appointment of Ms.
Esther Cecil Maruma as the Managing Director of Bank of Africa Tanzania Limited, effective May 6, 2024. Ms. Maruma brings an abundance of experience and expertise garnered from a distinguished career in the banking industry, most recently serving as the Director of Global Markets at Absa Bank (T) Limited.

With over 15 years of exemplary leadership, Ms. Maruma has left an indelible mark on the financial services sector. Her visionary leadership has propelled the Treasury, Financial Markets, Corporate & Investment Banking functions to new heights. Notable achievements include pioneering innovative sales & marketing strategies to drive customer growth, enhanced product and service offering, and fostering a positive risk culture that has led to remarkable efficiencies in the capital and balance sheet outcomes.

Ms. Maruma's commitment to sustainable growth and nurturing and developing talent, combined with her thought leadership in the market, underscores her dedication to creating lasting commercial impact. With this solid background is poised to drive growth and innovation at Bank of Africa Tanzania Limited.

The Board expresses unwavering confidence in Ms. Maruma's ability to navigate the dynamic banking landscape and steer us towards achieving our key strategic objectives. We believe her leadership will play a pivotal role in accelerating financial inclusion through SME segment growth and spearheading our digital transformation efforts.

Ms. Maruma holds a Bachelor of Science degree in Environmental Sciences and Management from Sokoine University of Agriculture, complemented by extensive management and leadership development.

On behalf of the Board of Directors, I extend heartfelt congratulations to Ms. Maruma on her appointment. We are confident that her visionary leadership will elevate our standing in the market and create enduring value for all stakeholders.

Nehemiah Mchechu,
Board Chairman,
BANK OF AFRICA TANZANIA LIMITED.

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