Governance

Since 1896, KCB Bank group has grown to become the region's largest banking institution with an asset base of KES 607 billion (+USD 5.9B), a market capitalization of KES 142 billion (+USD 1.3B) and broad regional distribution in 6 Eastern Africa countries (over 269 branches, 11489 agents and 962 ATMs).

Our commitment to sound corporate governance goes back to our very early days. This commitment is reflected and explained in the KCB Annual Report and also informs our day-to-day business behavior.

Our corporate governance report covers the following areas:

  1. Corporate Governance Statement
  2. Directors Shareholding
  3. Community Social Development Report

    Board of Directors

  • Mrs Zuhura S. Muro Mrs Zuhura S. Muro CHAIRMAN ×

    CHAIRMAN

    Mrs Zuhura Sinare Muro was appointed to the KCBT Board in July 2011. Mrs. Muro holds a Bachelor of Arts & Social Sciences from the University of Dar es Salaam, Tanzania and a Postgraduate Diplomas in Management and Entrepreneurship Development.  She is currently the Managing Director of Kazi Services Limited which provides HR solutions, management consultancy, and executive selection services in Tanzania. She has rich experience in Organizational Development, HR management, training and motivational speaking.  Before founding her own business, she was the Head of Human Resources for Celtel Tanzania Limited (now trading as Airtel) from 2001 until May 2007.

    Mrs. Muro is one of the founding trustees of Africa Leadership Initiative East Africa Foundation and is currently serving as its Executive Secretary. The Foundation is engaged in developing value-based leadership in East Africa. She is a fellow of Aspen Global Leadership Network. Mrs. Muro serves as the Board Chairperson of Mwananchi Communication Limited in Tanzania, member of Nation Media Group in Kenya, and Board Secretary of Arusha Modern Schools Limited.  

  • Mr. Nikubuka P. Shimwela Mr. Nikubuka P. Shimwela DIRECTOR ×

    DIRECTOR

    He joined the KCBT Board in March 2010. He holds a Master’s degree in public policy and administration from the University of Wisconsin at Madison, WI USA (1977) and a Bachelor’s degree, with honours, in economics, management and administration from the University of Dar es Salaam (1973). He is currently Chairman of the Fair Competition Commission, member of the Tax Revenue Appeals Tribunal and CEO and Lead Consultant at Kasuto Company Limited. He has been external director of many companies including the former state-owned National Bank of Commerce. 

  • Joshua Oigara Joshua Oigara DIRECTOR ×

    DIRECTOR

    He was appointed as the KCB Group CEO on January, 2013. He previously served as the Chief Financial Officer of the Bank prior to his appointment. He holds a Masters in Business Administration with a distinction in International Business Management from Edith Cowan University, Australia (2011), Bachelor of Commerce Degree, Accounting Option, from the University of Nairobi, Kenya (1997), Advanced Management Program Graduate from INSEAD, Fontainebleau, France (2010). He is also a graduate of the Program for Management Development (JuMP), Fuqua School of Business, Duke University, North Carolina, USA (2006) as well as a Certified Public Accountant of Kenya, CPA (K), School of Accountancy, Strathmore University, Kenya (1997). He is a Board member in KCB Bank Tanzania Board and sits in the Risk, Credit, Human Resources, Procurement, Transformation, Strategy and Information Technology committees.

  • John O. A. Nyerere John O. A. Nyerere DIRECTOR ×

    DIRECTOR

    John Nyerere is a HHH (Fulbright) fellow and holds an MBA, Bachelor of Arts (Hons) Economics, MBA General Management and Bachelor of Arts Economics and Sociology. He lectures on business management at the United States International University. He has experience in corporate planning, operations management and transformation leadership and his key technical competencies include strategy development and economics.

  • Fatuma Chillo Fatuma Chillo DIRECTOR ×

    DIRECTOR

    She joined the Board of KCB Bank Tanzania Limited from February 2016. She is currently the Director of Audit at National Housing Corporation, a position she has held since 2011. Professionally, she is a Certified Public Accountant since 2002 as well as an active member of the National Board of Accountants and Auditors, the Institute of Internal Auditors Tanzania Chapter.

    Prior to her current role, she served as the Chief Internal Auditor at the Tanzania Education Authority; A Senior Internal Auditor at the Tanzania Revenue Authority (TRA); and was an accountant at the Ministry of Finance. She is also serving as an Executive Director at the Institute of Internal Auditors (IIA), Contractors Registration Board (CRB) and Tanzania Mining Audit Agency (TMAA)

  • Alex Nguluma Alex Nguluma DIRECTOR ×

    DIRECTOR

    Dr. Nguluma joined the Board of KCB Bank Tanzania Limited in October 2015. He is currently the Managing Partner of ENS Africa Tanzania Attorneys. Professionally, he is an Advocate, Notary Public and Commissioner for Oaths in Tanzania Mainland and Zanzibar. He is an active member of the Tanganyika Law Society, Zanzibar Law Society and the East African Law Society. He also holds a Doctor of Philosophy from the University of Dar es Salaam.

    He previously served as the Managing Partner of Rex Attorneys for over 15 years; An Associate Director at PriceWaterHouseCoopers and a Tutorial Assistant and Senior Lecturer at the University of Dar Es Salaam.

    He is also a Director at Alliance Insurance Company Limited.

  • John Ulanga John Ulanga DIRECTOR ×

    DIRECTOR

    John Ulanga is the Country Director of TradeMark East Africa in Tanzania (www.trademarkea.com). TradeMark East Africa is a not-for-profit aid for trade organisation established in 2010. Before joining TradeMark East Africa, John Ulanga was the Vice President, External Affairs and Sustainability for BG East Africa. Before joining BG Tanzania, Mr. Ulanga was the Executive Director of the Foundation for Civil Society and before then Mr. Ulanga worked with the Economic and Social Research Foundation (ESRF).

    Mr. Ulanga is the Chairman of the University Council of the Hubert Kairuki Memorial University, the Chairman of the Board of Directors of Tanzania Financial Services for the Underserved Settlements (TAFSUS); Member of the Board of Directors of Mwananchi Communications Limited (publishers of The Citizen, Mwananchi and Mwanaspoti Newspapers); Vice Chair of the Board of Directors of Tanzania Media Foundation, a Board Member of KCB Bank Tanzania. Mr. Ulanga is also a Member of the Africa Policy Advisory Board ONE Campaign.  He is also a Fellow of the African Leadership Initiative, East Africa and the Aspen Global Leadership Network of the Aspen Institute, and a 2012 Senior Fellow of the Centre on Philanthropy and Civil Society Studies at the Graduate Centre of the City University of New York. Mr. Ulanga holds a Bachelor’s Degree in Commerce and Management majoring in Accounting from the University of Dar es Salaam, an Executive Master in Development Policies and Practices from the Graduate Institute in Geneva and he is a Certified Public Accountant (CPA – T).

  • Ms. Neema Julie Jones Ms. Neema Julie Jones COMPANY SECRETARY ×

    COMPANY SECRETARY

    Neema Julie Jones is a Law (LLB) graduate from the University of Dar es salaam Specialised in Corporate Commercial Law. She has worked as Legal Officer at Kisarika & Malimi Advocates later promoted to Senior Legal officer within the same firm and was heading the Security Documentation Unit and hence gained extensive knowledge in Banking, conveyancing, corporate commercial Laws. Neema became an Associate Partner at Mark & Associates Attorneys for 3 years and later joined Equity Bank Tanzania Limited as Manager Legal services heading the Legal Department. She Joined KCB Bank Tanzania Limited as Head of Legal and Company Secretary in October 2016. She is an Advocate and a member of Tanganyika Law Society, East Africa Law Society and Tanzania Women Lawyers Association.

  • Ms. Georgina Malombe Ms. Georgina Malombe DIRECTOR ×

    DIRECTOR

    Georgina Malombe is an audit professional. She holds a Bachelors degree in Agribusiness Management from Egerton University and a Master of Business Administration, Finance Option from the University of Nairobi. She is a Certified Public Accountant (CPA (K)) and professional trainer. She also holds a Certificate in Arbitration. Her key technical competencies include Audit Quality Assurance, Auditing, Accounting, Finance and Financial Reporting.

    Malombe is a Member of the Group Supply Chain, Audit and Risk committees and serves as Chairman of the IT and Innovation committee.

    Malombe currently serves in the Board of the Association of Women Accountants of Kenya (AWAK) as the Vice Chairperson. She is also a member of Professional Trainers Association of Kenya (PTAK). Previously, she worked for The Registration of Accountants Board as the Executive Officer, The Institute of Certified Public Accountants of Kenya (ICPAK) as Manager, Public Policy and Governance as well as the Head of Compliance and Regulatory Affairs. Malombe is currently the Managing Partner of audit firm, Gemal and Company.

    Management

  • Barry Chale Barry Chale DIRECTOR, CORPORATE BANKING ×

    DIRECTOR, CORPORATE BANKING

    Barry brings on board banking knowledge gathered over 17 years. He previously worked for 6 years in various operation units within Citibank before moving into corporate sales and relationship management. Barry then progressed to be a Senior Relationship Manager in Citibank and afterwards joined Standard Chartered Bank. In Standard Chartered Bank, he worked as a Head of department where he accepted the challenge of leading and growing the portfolio of financial Institutions and government relationships. Barry holds a Bachelor of Arts (Economics) and Master of Business Administration (Finance).
  • Masika Mukule Masika Mukule HEAD - RETAIL BANKING ×

    HEAD - RETAIL BANKING

    He was appointed Head of Retail Banking KCB Bank Tanzania, on 20th January, 2014. He has over 20 years’ experience in banking having worked in both Retail and Corporate Divisions at Senior management roles. Prior joining KCB in 2007 he worked with Cooperative Bank of Kenya where he joined as a management trainee. He holds a Masters of Business Administration in Strategic Management from University of Nairobi and Bachelor of Commerce from Kurukshetra University.
  • Rojas Peter Mdoe Rojas Peter Mdoe HEAD, OPERATIONS & IT ×

    HEAD, OPERATIONS & IT

    He joined KCB Bank Tanzania Limited in August, 2010, from Bank of Baroda (T) Ltd where he worked as their first Risk Manager and established the Risk Management Function. He also worked for EXIM Bank in Credit department for several years before joining Bank of Baroda where he successfully established the Risk Management Function. He also worked with Tanzindia Assurance Company Ltd as Credit Controller before starting his banking career. He has more than Six years banking experience mostly in Credit, Investment, and Risk management. He is a graduate in B.Com in Finance (Hons) from the University of Dar Es Salaam, MSc. in Accounting & Finance from Mzumbe University, and is an associate member of the Tanzania Institute of Bankers (TIOB) as a Certified Professional Banker (CPB). In sports, he likes and plays football.
  • Christina Minja Manyenye Christina Minja Manyenye HEAD OF MARKETING & CORPORATE AFFAIRS ×

    HEAD OF MARKETING & CORPORATE AFFAIRS

    She joined KCB Bank in August, 2009. She holds an MBA from East and Central Africa Management Institute (ESAMI). She is also an Economist graduate from Aligarh University – India. Before joining KCB she had worked with Exim bank (T) Limited in various capacities and left the bank as the Head of Marketing and Communications also heading corporate sales. Before Exim Bank she worked with International Communications Systems Limited as Senior Marketing & Sales Executive also heading hard ware Unit and InfoTech Computers Limited as Marketing & Sales Executive.
     
  • Colman Riwa Colman Riwa HEAD OF INTERNAL AUDIT ×

    HEAD OF INTERNAL AUDIT

    Colman possesses over 9 years’ experience in both Internal and External Audit. He began his career with Deloitte where he worked as a Senior Auditor for 5 years. He was responsible for conducting various external audits in financial institutions, oil, gas, manufacturing, telecommunications and public sector projects. He then progressed to Barclays where he worked for 4 years as an Audit Manager under Barclays Africa Internal Audit. He was responsible for executing internal audit assignments across ten countries. Colman holds a Bachelor of Commerce degree in Accounting from the University of Dar es Salaam and is a Certified Public Accountant.
  • Joyce Wiki Mwashigadi Joyce Wiki Mwashigadi HEAD OF HUMAN RESOURCES ×

    HEAD OF HUMAN RESOURCES

    Joyce Joined KCB Tanzania in July 2013. She is a certified Human Resource professional with a wealth of experience gained in the financial services industry. She began her career with Barclays Bank Kenya in 2003 as a Management information systems analyst, supporting Operations, I.T and Retail units. Her human resource career took off in 2006 when she moved to Human Resource Division, Barclays Kenya as a Human resource Coordinator. She rose to middle level management gaining a wealth of experience in human resource acquisition, manpower planning, learning and talent development. In July 2009 she moved to KCB as Senior Manager- Learning and Development where she helped to charter and deliver broad based training needs and staff development programs. She was a key staff in the conception and delivery of organizational culture change and management programs for the KCB Group, facilitating the programs in the Bank's subsidiaries in Uganda, Rwanda, Tanzania and South Sudan. Joyce holds a degree in Business Management from Kenyatta University; a Post graduate diploma in Human Resource Management from the Institute of Human Resource Management (Kenya). She has undertaken professional studies with International bodies such as CIPD (UK), Deloitte Development Institute (USA), ROI Institute, BPS (British Psychologists Society and testing center) among many others.
  • Victor Nyanjom Victor Nyanjom HEAD OF CREDIT ×

    HEAD OF CREDIT

    He has 16 years banking experience, 14 of which have been in credit related roles both covering credit management and relationship management. He joined KCBT Limited from I&M Bank Limited where he was the Head of Credit. He previously worked in various operations and client relationship roles with CFC Bank and Co-operative Bank of Kenya. He holds a Bachelor of Science degree (Mathematics & Chemistry) from the University of Nairobi and an MBA (Banking and Finance) from Moi University. He is a qualified Associate of the Kenya Institute of Bankers and has attended various professional courses.
  • Neech Msuya Neech Msuya HEAD OF RISK ×

    HEAD OF RISK

    He joined KCB Bank Tanzania in January 2014 as the Head of Risk Management. He has over 13 years in Senior Management roles in Audit, Accounting & Risk. He previously worked for NBC Limited, PwC and TPC in various Capacities. He is an Associate Certified Public Accountant in Public Practice (ACPA ‘PP’) and Certified Risk Management Specialist recognized by International Academy of Business and Financial Management (IABFM), he also holds Advanced Diploma in Accountancy from the Institute of Finance Management an affiliate of the Open University of Tanzania (Tanzania), University of Avinashillingham(India), Strathclyde University (U.K), Indian Institute of Foreign Trade (IIFT) – (India) and Dublin Institute of Technology (DIT) – Ireland.
  • Pascal Machango Pascal Machango HEAD OF TREASURY ×

    HEAD OF TREASURY

    He joined the bank in April 2005 as the Treasury Bank office manager at KCB. He previously worked with Stanbic Bank, Standard chartered Bank and Diamond Trust bank for more than 5 years. He has a B`COM accounting Degree from the University of Dar es Salaam in Tanzania and MBA Finance from Open University on Tanzania. He has attended various advanced courses and workshops in banking and finance. He has over 15 years’ experience in banking industries holding various positions.
  • Godfrey Ndalahwa Godfrey Ndalahwa HEAD OF FINANCE ×

    HEAD OF FINANCE

    He joined the bank in May 2013 as head of finance and later on in April 2015, was appointed as Non-Executive Director for KCB Burundi. He previously worked for Barclays and NBC Limited holding different executive roles in the area of internal audit, strategy and financial management. Prior to join the Banking Industry, He worked for Deloitte and Coca-Cola Sabco. Godfrey is certified public accountant and holds Bachelor of honors Degree in Commerce from University of Dar es Salaam and has attended various courses including a one year leadership Programme from University of Pretoria.
  • COSMAS KIMARIO COSMAS KIMARIO MANAGING DIRECTOR ×

    MANAGING DIRECTOR

    Cosmas Kimario is a Banker by profession. He holds a Masters of Business Administration (MBA) in Finance and a Masters of International Management (MIM) from Thunderbird – The American Graduate School of International Management USA as well as Bachelor of Commerce and Management (B’Com) Degree from the University of Dar es Salaam where he was the best student from the class of 1994. Mr. Kimario is a Lifetime Member of Beta Gama Sigma – the Honor Society for Best World Business Students, a Lifetime Member of Phi Sigma Iota – the International Foreign Language Honor Society and also a Lifetime Member Pi Sigma Alfa –the International Studies Honor Society.

    Mr. Kimario is also trained in the areas of Foreign Exchange, Derivatives and Credit Management.

    Mr. Kimario is an experienced expert in the Banking industry with over 20 years of service in the sector holding different top positions. He has worked in different capacities in different countries including: The USA, The UK, Nigeria, Senegal and Kenya. He has specialized in structured products, Project Financing, Corporate Financing, Treasury, Money Market and Foreign Exchange Products and Derivatives Products and Public Housing. Mr. Kimario is one of the pioneers who introduced Foreign Exchange Options and Derivatives in many markets in Africa including Tanzania, Nigeria, Uganda and Zambia.

     

  • Mr. Rashid Rashid Mr. Rashid Rashid HEAD OF SAHL BANKING ×

    HEAD OF SAHL BANKING

    His career started in 2002 as a Risk Analyst for Discover Financial Services in Ohio, USA. He then worked in various Accounting & Finance roles at Rogers Communications Inc. of Ontario Canada from 2004 to 2007. Rashid started his Banking career at KCB Bank Tanzania in 2008 as a Corporate Banking Credit Analyst. He then joined Stanbic Bank Tanzania in 2011 as a Relationship Manager in Corporate and Investment Banking division (CIB), of which he later took over the role of Client Coverage Manager (in CIB) overseeing Mining, Metal, Power & Infrastructure sector portfolio. With more than 15 years of accounting, finance and banking background, Rashid rejoined KCB Bank in May 2016 as the Head of Sahl Banking.

    Rashid holds a Bachelor’s Degree with a major in Accounting from Franklin University, Ohio (USA), he is also a Certified Islamic Finance Executive (CIFE) from ETHICA Institute of Islamic Finance based in Dubai, UAE.

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