Equity Bank Tanzania names new boss

Dar es Salaam. Equity Bank Tanzania has announced the appointment of Ms Isabel Maganga (pictured) as the new managing director in an acting capacity effective December 23, 2021.

She is a career banker with over fifteen years of experience. She holds a Master’s degree of Science in Finance and Investments from Coventry University, a Bachelor’s degree in Environmental Science and Management from Sokoine University of Agriculture.

She also holds a Diploma in Banking from Milpark Business School.

She is a certified Professional Banker and Certified Expert on SME Finance. Prior to her appointment, Ms Maganga was the head of Commercial at the bank.

The announcement, which was made by the Board of Directors, follows the coming to an end of Mr Robert Kiboti’s tenure as the managing director at Equity Bank Tanzania, who was appointed in 2018.

He will be transiting back to the Group Head Office in Nairobi, Kenya.

Speaking while welcoming Ms Maganga to her new role, Equity Bank Tanzania Board chairman Raymond Mbilinyi said: “We are delighted to appoint Ms Maganga as the new managing director of the bank in an acting capacity, as we bid farewell to Mr Kiboti.

“We are confident that her experience will enable her to lead the Bank to the next level, to scale and serve more people in pursuit of our purpose of transforming lives, giving dignity, and expanding opportunities for wealth creation,” said the Board chairman.