JAMHURI JOSEPH NGELIME
DAR ES SALAAM
Overview
37
37
years of professional experience
Work History
Assistant Lecturer
Institute of Accountancy Arusha
01.1992
- Awarded a Certified Public Accountant [CPA (T)] Professional Degree.
- Appointed as an Assistant Lecturer at the Institute of Accountancy Arusha teaching Accountancy and Finance subjects at the final stages of Certified Public Accountant examination.
Chairman of Board of Directors and shareholder
Clarkson Insurance Brokers (Tanzania) Limited
01.2023 - Current
- Delivered impactful training sessions and presentations as a freelance expert. Enhanced financial literacy and retirement planning knowledge among participants. Led operational management of Clarkson Insurance Brokers (Tanzania) Limited as chairman of the board of directors and shareholder.
Director of Finance
Bank of Tanzania
02.2015 - 12.2022
- Worked as Director of Finance at the Bank of Tanzania before reaching statutory retirement age on 9th December 2022. Overall in charge of financial management at the Bank of Tanzania. Key responsibilities being provide overall financial management in the Bank, coordination of planning and budgeting process and financial reporting function in the Bank. Managed asset portfolio of more than TZS 15 trillion in cash and other liquid assets including a significant part of the financial instruments. This includes management of transition to most recent International Financial Reporting Standards (IFRSs). Managed profitable operations while achieving the traditional central banks roles. Managed and led statutory audit processes for more than a decade with clean audit opinion reports during the entire period.
- Board and Committee Membership
- Member and chairman of the Bank of Tanzania Tender Board from June 2016 to January 2021
- Member of the Audit Committee of the Ministry of Natural Resources and Tourism, Board Member and Chairman of the Audit Committee of Mkulazi Holding Company Ltd from September 2018 todate and Board member and Chairman of the Audit Committee of Tanzania International Petroleum Reserves from 2018 todate.
- Chairman of the Audit Committee of DART from 1st August 2021 todate.
- Served as member of various committees in the Bank including Investment Committee, Bank Financial Stability Committee, Bank Project Management Committee, Committee responsible for advising on issues relating to Central Bank Digital Currencies (CBDC) matters at the Bank among others.
- Other Activities enjoys farming as a hobby and income generating activity. Owns 40 acres tea farm in Mufindi and a member of Mkonge Tea farmers association. Owns a 10 acres mango farm and some cows and goats in Msata, Coastal Area.
Manager responsible for Budgeting and Financial Reporting
Bank of Tanzania
12.2010 - 01.2015
- Worked as a Manager responsible for Budgeting and Financial Reporting at the Bank of Tanzania. Work includes preparation of annual budgets and related performance reports, preparation and publication of Bank’s Financial Statements.
Chief Financial Officer
TANESCO
09.2007 - 08.2010
- Worked at TANESCO as Chief Financial Officer. Key functions being to manage the finance department by leading the effective management of the company assets and liabilities, contribute to organization profitability and sustainability, maintain and enhance organizational development and growth, manage and asses financial performance develop and maintain stakeholder relationships, ensure legal and corporate governance compliance in order to ensure that the company financial functions support the business objectives of the company. During the period managed to improve financial reporting of the Company by enabling the accounts to get clean opinion for two successive years, i.e 2007 and 2008. The company performance improved significantly from loss of Tshs 183bn in 2006 to loss of Tshs 67bn in 2007 and Tshs 21bn in 2008.
- Responsible with the preparation, implementation and control of annual budgets. This included guiding regions in the preparation of budgets, controlling the expenditure to ensure the expenditures are within the approved budgets. During the period annual sales and collections improved significantly.
- Facilitated the implementation of a number of projects including the construction of 45MW plant at Tegeta funded by the Netherland Government, rural electrification projects funded by Government of United Republic of Tanzania, SIDA, World Bank and EADB.
- From December 2009 involved in a new tariff application for all users that reflected a cost of providing power to the country.
- Responsible with contract management relating to procurement for the entire company to ensure the company has adequate materials at all times to meet both routine and emergency maintenance and expansion of company network. Overall in charge of supplies and transport management function in the Bank with a fleet of more than 650 motor vehicles countrywide.
- Member of the company tender board and board member in Songas Ltd. Songas Ltd suppliers of more than 180MW of electricity to the national grid.
Senior Consultant
PSRC
05.2000 - 08.2007
- Joined PSRC on secondment from Bank of Tanzania as Senior Consultant responsible for Financial Sector Reforms. Participated as a Chairman of the Divestiture Technical Teams in the privatization of the National Bank of Commerce Ltd, National Microfinance Bank Ltd, privatization
- Tanzania Telecommunication Company Ltd and the National Insurance Corporation of Tanzania Ltd.
- Member of the technical team of PSRC in the restructuring of hotels under the management of Tanzania Hotel Investment Ltd (TAHI). Work Included advising the Government on various issues relating to the privatization process including development of the divestiture strategy, Procurement of advisors, review and present recommendations to various Government organs on various measures to be taken in the privatization process, prepare bidding documents, participate in the negotiations with preferred bidders and follow up on implementation of agreed business plans.
- Involved in the resolution of privatization dispute in the privatization of 35% Government stake in Tanzania Telecommunication Company as Accounting Expert involving Expert Determination Scheme under Institute Chartered Accountants of England and Wales.
- Designed a restructuring plan that resulted in separation of Celtel Tanzania Ltd (now Airtel) as a wholly subsidiary of TTCL from TTCL whereby the shares of the two companies are directly owned by the same shareholders but managed independent to each other.
- Acted as Government valuer of the Government shares in Celtel Tanzania Ltd.
- Had been involved in procurement of various professional services and supervision and monitoring during execution of the services. The procurement was conducted under the World Bank Procurement Scheme. Presented the reports resulting from the assignments to various Government levels. Some of the professional services include special closing auditing, Accounting support, restructuring studies, legal services, actuarial valuation, business valuation and investment banking services.
Bank Examiner
Bank of Tanzania
01.1997 - 04.2000
- Joined Bank of Tanzania as a Bank Examiner. Work includes; Conduct examination of Banks & non bank Financial institutions Analysis of financial statements of Banks & non bank Financial institutions Formulate policy changes, revision/review of circulars, guidelines and banking law where appropriate in step with the evolution of the banking industry.
- Preparation of evaluation reports for licensing of Banks & non-banks financial institutions Review memorandum and articles of associations in line with the Banking and Financial Institutions Act and Companies practices for clearance with legal department of the Bank Liaise with External Auditors of Banks & Non Bank Financial institutions on condition of audited institutions.
- Follow up of returns from institutions at all times to ensure that returns are submitted timely and accurately.
- Examiner In charge of the National Bank of Commerce (1997) Limited. As examiner in charge was appointed member in the Divestiture Technical Team for divestiture of NBC(1997) Ltd.
- Attended various courses on banking supervision and regulation in the country and outside the country.
Assistant Lecturer
Institute Accountancy Arusha
01.1992 - 12.1996
- Appointed Assistant Lecturer at the Institute Accountancy Arusha. Subject taught, Advanced Financial Accounting, Book Keeping and other allied subjects
Masters of Arts in Banking and Finance
University of Wales, Bangor in UK
10.1994 - 09.1995
- Attended one year full-time Masters of Arts in Banking and Finance degree at the University of Wales, Bangor in UK, Subjects taken; International Financial Markets, Banking, Financial Analysis, Money and Banking and Research Methods.
- Dissertation Topic: Effects of Different Goodwill Accounting on Share Prices; The UK and France Case
- Awarded Masters of Arts in Banking and Finance
Postgraduate Diploma in Managerial Control and Management Information Systems
Maastricht School of Management (RVB) Netherlands
05.1993 - 08.1993
- Attended a three months executive programme at the Maastricht School of Management (RVB) Netherlands on Managerial Control and Management Information Systems.
- Awarded Postgraduate Diploma in Managerial Control and Management Information Systems.
Accountant
Institute of Accountancy Arusha
09.1990 - 11.1991
- Attended a 15 months full time review course preparing for Certified Public Accountant Examinations at the Institute of Accountancy Arusha.
Accountant
Institute of Accountancy Arusha
09.1989 - 08.1990
- Worked as an Accountant at the Institute of Accountancy Arusha. Work included, preparation of Annual Budget, Quarterly Financial Statements and preparation of Final Accounts for final Audit and assisting the Bursar in the operations of the Institute’s Accounts Department.
Accountant Special Duties
Institute of Accountancy Arusha
05.1990 - 07.1990
- Appointed Accountant Special Duties as a head of finance and accounting department at the Institute of Accountancy Arusha.
Education
Certified Public Accountant [CPA (T)] - Professional Degree
Institute of Accountancy Arusha
Arusha, TanzaniaMasters of Arts - Banking and Finance
University of Wales, Bangor
Bangor, UK09.1995
Postgraduate Diploma - Managerial Control and Management Information Systems
Maastricht School of Management (RVB)
Netherlands08.1993
Advanced Diploma - Certified Accountancy (ADCA)
Institute of Development Management (IDM)
Mzumbe, Tanzania05.1989
Skills
- Excellent knowledge on Microsoft Office Applications and financial packages including Core Banking systems, Integrated Financial Management Systems and other specialised treasury management systems Participated in development of some of these systems
Accomplishments
- Collaborated with various stakeholders in the development of Planning and Budgeting system, and Core Banking of the Central Bank.
Timeline
Chairman of Board of Directors and shareholder
Clarkson Insurance Brokers (Tanzania) Limited
01.2023 - Current
Director of Finance
Bank of Tanzania
02.2015 - 12.2022
Manager responsible for Budgeting and Financial Reporting
Bank of Tanzania
12.2010 - 01.2015
Chief Financial Officer
TANESCO
09.2007 - 08.2010
Senior Consultant
PSRC
05.2000 - 08.2007
Bank Examiner
Bank of Tanzania
01.1997 - 04.2000
Masters of Arts in Banking and Finance
University of Wales, Bangor in UK
10.1994 - 09.1995
Postgraduate Diploma in Managerial Control and Management Information Systems
Maastricht School of Management (RVB) Netherlands
05.1993 - 08.1993
Assistant Lecturer
Institute of Accountancy Arusha
01.1992
Assistant Lecturer
Institute Accountancy Arusha
01.1992 - 12.1996
Accountant
Institute of Accountancy Arusha
09.1990 - 11.1991
Accountant Special Duties
Institute of Accountancy Arusha
05.1990 - 07.1990
Accountant
Institute of Accountancy Arusha
09.1989 - 08.1990
Masters of Arts - Banking and Finance
University of Wales, Bangor
Postgraduate Diploma - Managerial Control and Management Information Systems
Maastricht School of Management (RVB)
Advanced Diploma - Certified Accountancy (ADCA)
Institute of Development Management (IDM)
Certified Public Accountant [CPA (T)] - Professional Degree
Institute of Accountancy Arusha
4. SHORT COURSES, SEMINARS AND CONFERENCES
Attended a number of professional and managerial seminars and conference across the globe including various seminars organized by National Board of Accountants and Auditors, payments and settlement seminars organized by the World Bank and IMF and other Fintech institutions.
CERTIFICATION
I, the undersigned certify to the best of my knowledge and belief, these data correctly describe me, my qualifications and my experience.