Ms Isabel Maganga has been named Managing Director of Equity Bank Tanzania in an acting capacity effective December 23, 2021.
She replaces Mr Robert Gatimu Kiboti whose tenure as the managing director at the lender came to an end. He was appointed in 2018.
Ms Maganga 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.
“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,” Equity Bank Tanzania Board chairman Raymond Mbilinyi said in a statement.
“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.