EXIM BANK APPOINTS AMBASSADOR JUMA V. MWAPACHU AS NEW CHAIRMAN, BOARD OF DIRECTORS AND MS. IRENE MADEJE-MLOLA AS A NEW DIRECTOR, BOARD OF DIRECTORS

Ambassador Juma V. Mwapachu, Exim Bank Tanzania's new Chairman of the Board of Directors.

7th September 2020: Dar es Salaam - Exim Bank Tanzania has appointed Ambassador Juma V. Mwapachu as its new Chairman of the Board of Directors with immediate effect, taking over from Mr. Said Mwema who successfully completed his tenure in accordance with the lender’s internal governance policy.

Currently serving as a Director, Board of Directors, Heritage Insurance Tanzania Limited since 1998, a Member of Board of Directors of Alliance Life Assurance Tanzania Limited since 2014 amongst others, a distinguished former ambassador, Juma V. Mwapachu carries a wealth of experience through his long career in Government, in parastatals, private sector, civil society in Tanzania, regionally and internationally.

In a statement today, the bank’s Board of Directors thanked Ambassador Mwapachu for his exemplary leadership and contribution as a Director in the Board of Directors since 2011 saying as a Director, he ensured that the Bank continued to move forward both strategically and operationally.

“His extensive experience, knowledge and proven leadership will further provide the bank with continued momentum to chart innovations, pursue future growth, and further strengthen our position as among the largest financial institution in the country,” the bank’s Chief Executive Officer (CEO) Mr. Jaffari Matundu, commented upon the Boards announcement.

Ambassador Mwapachu holds a Bachelor of Laws from University of East Africa (1969) a Post-Graduate Diploma in International Law from the Indian Academy of International Law (1978), a Doctorate in Literature (Honoris Causa-2005) from the University of Dar-es-Salaam and a Doctorate in Political Sciences (honoris Causa-2012) from the National University of Rwanda.

His career pinnacle was being Tanzania’s Ambassador to France (2002-April 2006), Secretary General of East African Community (April 2006-April 2011) and Chair of Committee of Chief Executives in the COMESA-EAC-SADC Tripartite (2008-2011). Ambassador Mwapachu was the Global President of the renowned Society for International Development (SID) from 2012-2016.

Ambassador Mwapachu, over the years, has spearheaded the launch of various institutions like the Tanzania Chamber of Commerce, Industry and Agriculture (TCCA), the Confederation of Tanzania Industries (CTI) and the East African Business Council.

Further, the Board of the Bank also announced the appointment of Ms. Irene Madeje-Mlola as a new member of its Board of Directors.

Ms. Irene Madeje-Mlola, Exim Bank Tanzania's new member of its Board of Directors.

Ms. Irene Madeje-Mlola holds a Master’s degree in Business Administration from Netherland’s Maastricht School of Management and ESAMI and a BCom from Dalhousie University in Canada. She is a Certified Company Director with the Commonwealth Association for Corporate Governance and holds a Strategic Leadership in Inclusive Finance Certificate from Harvard School of Business. Her areas of expertise include business transformation, financial inclusion, project management and general leadership. She is currently the Director of Operations at the Financial Sector Deepening Tanzania overseeing the technical and operations division.

She brings with her a wealth of experience from various leadership and management positions held in the Financial and Telecommunications Sectors; having worked in strategic and leadership roles in multinationals such as Scotia Bank, Royal Bank of Canada, Barclays Bank, Vodacom, Airtel, and the Financial Sector Deepening Trust in which she has been instrumental in their transformation.

In her current role, Ms. Irene has participated in major transformations and internal positioning that paved the way for the organization to catalyze financial inclusion and supported the country to achieve National goals. With her leadership in the gender financial inclusion agenda in Tanzania, she worked closely with the National council for financial inclusion to ensure women and youth are prioritized in the National strategy. Irene has extensive experience in both Telecoms and Banking where she has worked in senior leadership positions within and outside the country. She led milestone transformations In the Telecom sector where she oversaw the first full-fledged outsourcing of over 500 employees and paved way for efficient, nimble and effective business model for the organization.

Adept at development of new systems, talent management and the establishment of sub-functions in organizations, Irene embodies the spirit of innovation and strategic thinking which will be vital to the growth of our Bank.

About Exim Bank

At Exim Bank, success is defined by how we make a difference to our clients, our communities and our teammates. As one of the locally established banks in Tanzania since 1997, we offer a full suite of products and services designed to meet the needs of our consumer, business, corporate and institutional clients.

Exim Bank is one of the leading financial services providers in 5 countries and Tanzania’s first international bank. Since welcoming our first customers in Samora Branch, Dar es Salaam, in 1997, Exim Bank has continued to expand its national and regional reach.

Exim Bank has over the years leveraged on the underlying resilience to grow our asset base and to successfully expand our reach. The Bank’s operations span across 14 regions in Tanzania and overseas subsidiaries in the Anjouan, Moheli and Moroni Islands of the Union of Comoros, Uganda in the Republic of Djibouti and a representative office in Ethiopia – an international presence unmatched by other Tanzanian banks.