Charles Jackson Itembe

• Charles Itembe is currently the Director General of the Export Processing Zone Authority (EPZA) after being appointed by the President of the United Republic of Tanzania, H.E. Samia Suluhu Hassan, to head the institution.Mr. Itembe is an economist by training, holding a BA in Economics with a bias in Industrial Economics, an MA in Economics majoring in Monetary Economics and Corporate Finance from UDSM, and also a Higher Diploma in Banking Professional from Milpark University.
• Mr. Itembe walks with over 24 years of experience in the financial sector in Tanzania and has served in the private sector in the banking fraternity at several banks in Tanzania, to mention a few: CRDB Bank Plc, TIB Corporate Bank, and his last position before joining EPZA was the Managing Director of Azania Bank, Ltd which is among the top ten banks in Tanzania by asset and deposit size.
• Mr. Itembe brings with him the highest professional trust to work in the public sector, and a wealth of experience in corporate leadership and business management, in driving both private and public investments.
• His experience in financial markets, Treasury Management, capital markets, and dealing with investors demonstrates value addition in the public sector, mainly in promoting investment opportunities from a macro-economic perspective, and enhanced economic incentives by delivering both fiscal and non-fiscal benefits as per legal stipulations.
• EPZA provides opportunities for a wider range of local and international investors to access industrial sector's value chain, backed up with the law which provides a number of fiscal and non-fiscal incentives, improved business environment, and service excellency through a One Stop Service Centre provided under EPZA.
• EPZA licenses investors with the view to enhancing investments, industrial development, and operations, which is the dream of Her Excellency Samia Suluhu Hassan, the President of Tanzania.

Mr. Itembe's current role, among others, has been initiatives to spearhead the development of special economic zones, the accomplishment of land compensation, new land acquisition, investment promotion, including higher-level local and international participation in investment forums, strategic discussions with the investors' community, licensing credible investors, monitoring investor performances, and collaboration with domestic and international stakeholders with the view to industrializing the country. Through his initiative there are a number of new opportunities have been explored, initiatives of modern financing models through capital markets, and improved investment climate through various reviews of regulations and internal processes, and enhanced change and governance of EPZA.

• Responsible to the Board of Directors, implement strategic decisions in line with the board directives, execute the Bank’s business plan, oversee budget utilization, check compliance with regulatory requirements, and lead the team to develop business.
• Align overall bank performance, monitor the implementation of bank policies, procedures, management oversight, staff development, and improved welfare on an ongoing basis.
• Team player, and inspire leadership and coaching experiences.
• Show the way, leading by example, with the highest level of integrity and unquestionable ethics.
• Proven excellency in formulation of strategic vision to drive mission and goals while stimulating revenue, profitability and growth.

• Responsible for bank balance sheet management, investment in financial assets, liquidity management, trading of foreign exchange, and treasury risk management.
• Overseeing compliance with internal and regulatory requirements, as provided in various circulars, policies, and external legislation and regulations.
• Engagement through people management, coaching, formulation of strategies, and steering the implementation of strategies at senior management levels.
• Supervise, guide, and coordinate budget preparations, and steer execution for efficient outcomes.
• The Secretary to the Bank's Assets and Liability Management Committee (ALCO).
• Frequently trusted to act in the position of Managing Director, and providing guidance, directives, and management oversight to the team.
• Consistently tested and developed strategies to improve information flow throughout organization.
• A trusted person with integrity, simply respected through team building, result orientation, and a leader with inspirational values.

• New position established business operations from scratch, geared to the setup of Custodial Services, Investment Banking, and Fund Management functions.
• Pioneered and completed establishment ranging from formulation of policies, procedures and setup of fully operational Custodial Services Unit in March 2013.
• Major project headed to position the Bank actively participate in the "Capital Markets World"
• Full set up placed CRDB Bank known world-wide in Securities Administration , Clearing and Settlement of Securities services
• Enhanced the bank ability attract retail and corporate deposits, and Safe keeping of Securities.
• Engineered initial ideas and project milestones for investment advisory, Fund Management and Brokerage Services
• Established inter client dealing and regional collaboration on securities services in the Financial Portfolio Investing Community
• Coordinated with IT department to implement new technologies and systems enhancements.
• Participated in recruitment initiatives by interviewing potential candidates and selecting suitable hires.
• Established and maintained relationships with key stakeholders to support business objectives.
• Monitored competitor activities to anticipate changes in the industry landscape and design appropriate response measures.
• Identified areas of improvement within existing operations through process analysis and benchmarking studies.
• Contributed innovative ideas and solutions to enhance team performance and outcomes.

• Responsible for undertaking the clearing and settlement of inter-bank transactions, engaging in trade confirmation, and ensuring compliance with regulatory requirements.
• Responsible for trade settlements with major trading partners, mainly local and international banks, and ensuring that all treasury payments are done in a timely manner, and receipts from counterparties are recognized and allocated to the relevant accounts.
• Proper pricing, booking of the bank investments, and ensuring that the bank complies with the liquidity ratio, investment exposures, and all statutory requirements as required by the regulator through effective monitoring, evaluation, and reporting.
• Responsible for performing day-to-day business, duties included managing potential treasury risks (market, liquidity, and settlement risks) associated with the bank's transactions.
• A member of the Assets/Liability Management Committee (ALCO) of the bank.
• Enforced customer service standards and resolved customer problems to uphold quality service.
• Conducted performance evaluations, providing feedback and coaching for team development.
• Established and monitored KPIs to evaluate performance and identify areas for improvement.

• My duties included dealing in the financial market, in particular lending and borrowing in the money market, liquidity management through appropriate funding arrangements, and active trading in the foreign exchange and securities market.
• Strategic allocation of assets to create high yield while observing risks and investment limits
• Involved in the preparation of daily, medium term and long-term business strategies of the bank
• Maintained relationships with existing clients while actively seeking new business opportunities.
• Collaborated with back office personnel to ensure timely settlement of transactions.
• Implemented hedging strategies to reduce exposure to volatile markets.
• Interacted with compliance officers regularly in order to remain compliant with all regulatory requirements.
• Analyzed portfolio performance against benchmark indices and provided recommendations for improvement.
• Provided guidance and advice to junior dealers regarding best practices in the industry.
• Negotiated deals between clients and brokers to maximize profits for both parties.
• Researched macroeconomic trends and identified potential opportunities for profit generation.
• Worked effectively in team environments to make the workplace more productive.
• Utilized various software and tools to streamline processes and optimize performance.
• Provided support and guidance to colleagues to maintain a collaborative work environment.

• Responsible for the overall management of the Bank's liquidity and financial investments, in particular ensuring that the Bank is adequately funded, and that all excess funds are allocated to investments while maintaining a proper match between assets and liabilities.
• Ensure that statutory requirements, including required reserves, liquidity ratios, and investment exposures, are maintained and complied with regulators' limits.
• Charged with the duties of managing the Bank’s financial assets and liabilities, with the view to achieving the Bank’s strategic vision of maximizing the shareholders’ value.
• Responsible for department strategic planning, preparation of board papers, and attending management meetings as one of the team members.
• Collaborated with finance and accounting departments to deliver comprehensive financial information to facilitate decision making for management, stakeholders and parent company.
• Identified trends to drive cost-saving and profit-generating decisions and recommendations.
• Reviewed daily Treasury positions to ensure accurate accounting of transactions.
• Conducted regular stress tests to assess sensitivity of key balance sheet items under various scenarios.
• Developed and implemented effective cash management strategies to ensure liquidity, minimize interest costs and maximize investment returns.
• Designed and formatted financial reports for internal and external users.
• Worked effectively in team environments to make the workplace more productive.

• Preparation of daily deposits and cash withdrawals position for the purpose of determining the bank's liquidity position.
• Responsible for the collection of statistics on interest rates and exchange rates from competitors, and preparing analysis for management decisions.
• Involved in lending and borrowing in the interbank market within strict limits, and participation in buying and selling foreign currency in the financial market.
• Monitoring the maturities of Treasury Bills and Bonds, and preparing new bids for renewal as they mature.
• Organized client meetings to provide project updates.
• Attended training sessions and meetings to learn new information and develop personal skills.
• Maintained positive working relationship with fellow staff and management.
• Maintained updated knowledge through continuing education and advanced training.

• Main duties were to appraise projects, mainly real estate, to determine viability and make recommendations either to discard or accept the project.
• Involved in the collection of statistics and the preparation of reports, in particular trend analysis in interest rates, inflation, and exchange rates.
• Charged with the preparation of bids to tender for government securities, and follow-up on the results.
• Participated in regular meetings with upper management regarding progress updates on current initiatives.
• Conducted performance evaluations and provided constructive feedback.
• Monitored operations and reviewed records and metrics to understand company performance.
• Developed and maintained relationships with key clients and stakeholders.
• Maintained positive working relationship with fellow staff and management.