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Our Board
Our Board Of Directors includes 11 members with diverse experience in various fields including law, banking and management.
Mr. Zahid Mustafa
Chief Executive Officer & Managing Director, Executive Director
Mr. Zahid Mustafa
Chief Executive Officer & Managing Director, Executive Director
Zahid is an experienced banker, with over 27 years in the industry and a strong track record of business development and growth. He has worked in multiple geographies, including in Asia, the Middle East, and Africa. Zahid has demonstrated strong leadership and business skills, with an emphasis on Retail, Digital, and Business Banking. He nurtures a culture of innovation, customer-centricity, and teamwork. As such he is well positioned to successfully drive the I&M Group’s strategic aspirations in Tanzania to the next level. He holds a Master of Business Administration (MBA) and a Bachelor of Chemical Engineering from Lahore University of Management Sciences (LUMS), and the University of Engineering and Technology (UET) respectively.
Mr. Madabhushi Soundararajan
Board Chairman, Non-Executive Director
Mr. Madabhushi Soundararajan
Board Chairman, Non-Executive Director
Mr. Soundararajan’s illustrious banking career spans about four decades, initially in India and the United States of America and then in Kenya from 1988. He has held senior executive and leadership positions in Standard Chartered Financial Services as Assistant Director, Corporate Finance, Commercial Bank of Africa (now NCBA) as Director, Corporate Banking, CFC Financial Services (now SBG Securities) as its first Managing Director and CFC Bank as Managing Director before its acquisition by Stanbic Bank in 2008. He is currently the Country Head of Meghraj Group of Companies in Kenya. Mr. Soundararajan also serves on the Board of I&M Bank Kenya where he has been an Independent Non-Executive Director since 2009. He also sits on the boards of GA Insurance, GA Life Assurance, GA Insurance-Tanzania and Car & General (Kenya) Plc. He served on the board of Central Depositary & Settlement Corporation (CDSC) for four years from 2004 to 2008. Mr. Soundararajan holds a Master of Arts degree from Madras University, India and a Certificate in International Banking from New York University.
Mr. Kihara Maina
Non-Executive Director
Mr. Kihara Maina
Non-Executive Director
Mr. Kihara Maina was appointed as an Independent Director of the bank in 2024. Mr Kihara Maina became the Regional Chief Executive Officer in January 2023. He joined I&M Bank Kenya as the Chief Executive Officer and Board member in May 2016. He holds a Bachelor’s degree in Mathematics from Moi University and an Executive MBA from the University of Chicago – Booth School of Business. Mr Maina, began his banking career in June 1993 at Stanbic Bank Kenya then moved to Barclays Bank Kenya in 1997 where he served extensively over the years ultimately taking up senior leadership positions. Prior to joining I&M Bank, Kihara was the Managing Director of Barclays Bank Tanzania.
Mr. Emmanuel Johannes
Independent Non-Executive Director
Mr. Emmanuel Johannes
Independent Non-Executive Director
Mr. Emmanuel Johannes was appointed as an Independent Director of I&M Bank Tanzania in 2021. He serves as a board member of the Institute of Internal Auditors and was the Auditor Chairman of the Board of the African Federation of Institutes of Internal Auditors (AFIIA) from 2019 to 2023. He has been the Chief Executive Officer at Keple Associates since 2011. Mr. Johannes holds certifications in the Governance of Enterprise IT (CGEIT) and is a Project Management Professional (PMP). He also holds a Master of Business Administration from the University of East London.
Mr. Paresh Manek
Independent Non-Executive Director
Mr. Paresh Manek
Independent Non-Executive Director
Mr. Paresh Manek is a seasoned businessman with over 35 years of experience across various industries in Dar es Salaam. He has held key leadership roles, including Director and Managing Director positions in multiple companies, where he has driven business growth, strategic planning, and operational efficiency. Paresh is known for his strong financial management skills, problem-solving abilities, and expertise in business development. His leadership has been instrumental in improving customer satisfaction and enhancing organizational performance.
Mr. Jamhuri Ngelime
Independent Non-Executive Director
Mr. Jamhuri Ngelime
Independent Non-Executive Director
Mr. Jamhuri Ngelime is a distinguished finance professional with over 35 years of experience in various sectors. He served as the Director of Finance at the Bank of Tanzania until 2022, where he managed substantial financial assets and ensured compliance with international financial standards. Previously, he was the Chief Financial Officer at TANESCO, where he significantly improved the company's financial performance and governance. He also played a key role in the privatization of major state enterprises while working as a Senior Consultant for PSRC. Jamhuri holds a master’s degree in Banking and Finance and is a Certified Public Accountant.
Mr. Christian Shirima
Independent Non-Executive Director
Mr. Christian Shirima
Independent Non-Executive Director
Mr. Christian Shirima was appointed as an Independent Director of I&M Bank Tanzania in 2023. He began his career at Precision Air Tanzania in 2013 as an Aircraft Maintenance Technician. He later served as a Maintenance Controller in 2015, a Senior Development and Reliability Engineer in 2017, and a Licensed Aircraft Maintenance Engineer in 2019. In 2021, he became the Manager of the Workshop, and since 2023, he has been serving as the Manager of Projects and Client Services.
Mr. Alan Mchaki
Independent Non-Executive Director
Mr. Alan Mchaki
Independent Non-Executive Director
Mr. Alan Rodrick Mchaki was appointed as an Independent Director of the bank with effect from 26th September 2016. He is a fellow member of Association of Chartered Certified Accountant of UK and Certified Public Accountant in Tanzania. He serves as Chairman of Board Risk Committee and a member of Board Audit Committee. He is also an Associate at Swaziland Institute of Accountants. Mr. Alan has over 30 years working experience covering public practice with two major accountancy firms and in industry, including amongst others, oil marketing, television broadcasting, health service delivery and mutual fund management; where he held directorship roles in finance. He is currently also practicing as an independent management consultant.
Ms. Nancy Riwa
Independent Non-Executive Director
Ms. Nancy Riwa
Independent Non-Executive Director
Nancy is an experienced executive with a strong background in supply chain management, finance, and strategy. She is currently the Country Head of Logistics at AB-InBev Tanzania, where she leads a team of 300 across planning, warehousing, fleet, safety, and distribution. She has also held senior roles in finance and operations at Deloitte East Africa and Tanzania Breweries Group. She holds an MSc in Finance from the University of Strathclyde, a BA (Honors) in Economics & Mathematics from Middlebury College, and a Postgraduate Diploma in Management Practice from Henley Business School Africa.
Ms. Gauri Gupta
Non-Executive Director
Ms. Gauri Gupta
Non-Executive Director
Ms. Gupta was appointed as a Director of the Bank on 5 February 2026. She holds a Bachelor of Commerce (B.Com), is a Chartered Accountant with the Institute of Chartered Accountants of India and is a certified International M&A expert accredited by the Institute for Mergers, Acquisitions and Alliances (IMAA). Bringing nearly 30 years of extensive experience in the banking and financial services sector, her expertise spans Credit, Risk Management, Finance, Product Development, Strategic Planning, Corporate Governance, and Sustainability. Currently Group Director – Corporate Advisory & Sustainability at I&M Bank Group, she leads key strategic initiatives, including regional expansion and investor relations. Ms. Gupta also serves as a Non-Executive Director on several Group boards, including I&M Burbidge Capital Limited, I&M Capital Limited, and Giro SEZ Limited.
Ms. Sarah Zilagaba Bisanda
Independent Non Executive Director
Ms. Sarah Zilagaba Bisanda
Independent Non Executive Director
Appointed to the Board on 14 February 2026, Sarah is a Chartered Accountant (SAICA, ICAN) and Certified Public Accountant (Tanzania) with over 18 years of distinguished experience in audit, financial management, and risk and governance advisory. Her career reflects a strong track record across diverse sectors including mining, manufacturing, FMCG, and pharmaceuticals shaping a well-rounded and commercially astute perspective. She currently serves as Partner at Forvis Mazars Tanzania, following her role as Associate Director at PwC Tanzania, and has held senior audit positions across both Tanzania and Namibia. Sarah holds a Bachelor of Accounting (First Class) from the University of Namibia and a Postgraduate Diploma in Accountancy from Rhodes University, providing a strong foundation for a career defined by technical excellence and strategic insight.
Ms. Maria Gonsalves
Company Secretary
Ms. Maria Gonsalves
Company Secretary