Experience

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  KPMG East Africa

  • Dar es salaam,Tanzania

  • Financial Analyst-Sagcot Matching Grant Fund funded by World Bank

    • Jun 2018 - Present
    • Dar es salaam,Tanzania

    • As a full-time Financial Analyst on the World Bank-funded $100 million (US) SAGCOT Investment Program (SIP), I was responsible for co-designing the SIP Matching Grant Fund (MGF) Operations Manual which would govern how the $55 million (US) MGF would operate and be implemented.• I designed the financial MGF application, using designated financial criteria, including the internal rate of return (IRR), economic rate of return (ERR) and return on investment (ROI) by which MGF agribusiness applicants would be judged.• I co-analyzed 71 Concept Notes, applying the rigorous criteria developed by the MGF team, contained in the MGF Operations Manual, and co-nominated 20 agribusiness Concept Notes for approval to the Government of Tanzania and the World Bank, in staple food crops, dairy and poultry, cashew nuts, fruits and vegetables and animal feed products whereby the SAGCOT MGF contributed $ 37.5 million and the firms were seeking $20.8 million in MGF, for a cumulative value of $58.3 million of new agribusiness investment..• Unfortunately, the Government of Tanzania (GoT) decided not to go forward with the SIP and the MGF; in December 2018, the GoT requested that the World Bank cancel the program. In January 2019, the World Bank agreed to cancel the SIP and the MGF.• Since March 1, 2019, I have been assisting KPMG with various financial advisory services, especially for the International Development Advisory Services unit.

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  Arch Financial and Investment Advisory Services Group

  • Dar es salaam,Tanzania

  • Director of Corporate & project Financing

    • Jan 2012 - Jun 2018
    • Dar es salaam,Tanzania

    • As the Director, my main role and responsibility included the following: Performing due diligence on companies intending to raise funds on the Dar es salaam Stock Exchange Assessing viability of companies to raise funds through the enterprise growth market of Dar es salaam Stock Exchange• As a direct result of my contributions to the company, we achieved the following; In 2017 made an assessment and advised MANTRA Tanzania Ltd a uranium prospecting company on viability of its project of raising equity finance through initial public offer of shares on the stock exchange for purpose of undertaking uranium mining operations in Tanzania. As a result MANTRA suspended its plans to raise funds on the Dar es salaam Stock Exchange. In 2016 successfully advised our client Swala Oil and Gas Tanzania Ltd on its merger and acquisitions project with a Mauritius based company.• As a direct result of my efforts, Swala Oil and Gas Tanzania PLC successfully raised over 6.5 billion TZ Shs. (about US $3.5 Million) through an IPO (Initial Public Offering) in July 2014; and they were subsequently listed on the Dar es Salaam Stock Exchange (DSE), becoming the first oil and gas company to be listed on a stock exchange in East Africa.

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  Tascott Associates Ltd

  • Dar es salaam, Tanzania

  • Principal Consultant

    • Jun 2008 - Dec 2011
    • Dar es salaam, Tanzania

    • As the Principal Consultant, my main role and responsibility included the following:  Performing high level due diligence on a client company intended for acquisition Performing due diligence and providing investment advisory services for diverse companies in public and private sector Preparing bankable business plans for diverse companies in diverse sectors including agribusiness, mining, energy, banking, hospitality, education etc • As a direct result of my contributions to the company, we achieved the following: Successfully recovered NICO Plc a listed company on Dar es salaam Stock Exchange from financial distress and rescued the company from undergoing delisting.  Successfully performed a due diligence on Azania Bank which was intended for acquisition by a foreign investor and as a result the bank’s conditions were found not to meet the Investor’s standards and hence the deal was not closed.

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  Kabanga Nickel Mining Company Ltd

  • Ngara, Tanzania

  • Financial Controller

    • Feb 2007 - Feb 2008
    • Ngara, Tanzania

    • As the Financial Controller, my main role and responsibility included the following: Prepared financial reports of the company in accordance with International financial Reporting Standards (IFRS) Responsible for managing solvency of the company including making cash calls, payment of liabilities and managing financial accruals  Supervised junior staff of finance department Financial advisor to the General Manager• As a direct result of my contributions to the company, we achieved the following: Successfully managed a migration process of the accounting system to ACCPAC with a view to improving financial system of the company for better reporting of financial records

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  Dar Brew Ltd

  • Dar es salaam Tanzania

  • Senior Finance Manager

    • Mar 2005 - Dec 2006
    • Dar es salaam Tanzania

    • As the Finance Manager, my main role and responsibility included the following: Preparing financial reports of the company in line with International Financial Reporting Standards (IFRS) Approving procurement orders and managing inventory including fuel, and stocks Managing working capital entailing collection of receivables, payment of liabilities and managing orderly issuance and ordering of stocks.  Supervising junior staff of finance department  Reviewing of monthly reports and management accounts and analysis of variances with a view to providing corrective actions where negative variances exceed standards set by the company.  Advising General Manager on financial matters • As a direct result of my contributions to the company, we achieved the following  Made timely submission of periodical reports to the parent company including monthly sales and financial reports to the parent company  Due to robust analytical skills I provided we managed to reduce significantly direct costs, distribution costs and other operating costs making our products more competitive in the market.

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  Martin Center Inc

  • Milwaukee, Wisconsin

  • Senior Financial Accountant

    • Mar 2002 - Dec 2004
    • Milwaukee, Wisconsin

    • As the Financial Accountant, my main role and responsibility included the following:Preparing financial reports in accordance with GAAPPreparing bills and submission of same to the Department of Correction of the state of Wisconsin in USAPayment of liabilities and collection of receivables on timely mannerAnalyzing monthly financial reportsSubmission of federal reports where applicableSupervising junior staff of finance department • As a direct result of my contributions to the company, we achieved the following  Managed to successfully for first time install and operate a FUNDEZ, a computer software for managing accounting system for child welfare operations

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  Wisconsin Office of the Commissioner of Insurance (OCI)

  • Madison, Wisconsin Area

  • Financial Analyst Cum Examiner

    • Mar 2000 - Dec 2001
    • Madison, Wisconsin Area

    • As a Financial Analyst, my main role and responsibility included the following: Reviewing and analyzing Annual financial statements of insurers applying for insurance license in the state of Wisconsin in the USA Computing financial ratios, analyzing the ratios and gauge them against standard ratios of Insurance Regulatory Information System (IRIS) established by National Association of Commissioner of Insurance (NAIC) for purpose of assessing whether the applicants comply with the standards for purpose of insurance licensure in the state of Wisconsin  Reviewing holding company files and CPA reports and other previous examination reports of insurance license applicants  Recommending applicants for insurance licensure• As a direct result of my contributions to the Office of the Commissioner of Insurance, we achieved the following:  The Office of Commissioner Insurance of Wisconsin was rated and stood as one of the reputable insurance regulators in USA in year 2001

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  Institutte of Accountancy Arusha

  • Arusha,Tanzania

  • Tutor

    • Aug 1996 - May 1999
    • Arusha,Tanzania

    • I was a part-time financial services tutor from August 1996 through June 1997.• I became a full-time tutor from July 1997 through May 1999. My main role and responsibility were to assist the Professors teaching about Finance, including courses on financial management, accounting, audits and taxation. I also supervised student tests, help correct and grade tests and papers and conducted research for the Professors on various Finance subjects.

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  Citibank Tanzania Ltd

  • Dar es salaam, Tanzania

  • Bank Operations Officer

    • Feb 1995 - Jun 1996
    • Dar es salaam, Tanzania

    • As an Operations Officer, my main role and responsibility included the following: Dealing with check clearance process at the Central bank offices Entering data related to check clearance into computer system  Dealt with money market operations • As a direct result of my contributions to Citibank Tanzania Limited, we achieved the following:  The bank became one of the leading banks in Tanzania in terms of operating a state of the art technology in providing banking solutions to its customers.

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  Bank of Tanzania

  • Dar es salaam, Tanzania

  • Bank Officer

    • Jul 1991 - Dec 1994
    • Dar es salaam, Tanzania

    • As a Bank Officer, my main role and responsibility included the following: Reconciling foreign accounts of the bank Corresponding with foreign banks in respect of accounts of the bank which were being maintained in foreign currencies in those banks. Preparing bank statements and provision of the same to customers on timely manner • As a direct result of my contributions to the Bank of Tanzania, we achieved the following: Successfully managed to keep the backlog of un reconciled foreign accounts updated thereby reducing significantly loopholes for bank frauds which could be occasioned by lack of reconciliation or belated reconciliation of the bank accounts.