Kennedy Joseph Komba
Dar Es Salaam
Summary
Driven Director with experience planning and coordinating all aspects of financial inclusion, payment systems implementation and oversight. Proficient in conducting in-country missions on payment systems oversight and financial inclusion. Multifaceted leader with talent orchestrating coordination of international diverse teams, strategic planning, result oriented, and personnel to accomplish fast-paced work.
Overview
27
27
years of professional experience
1
1
Certification
Work History
Director, Financial Deepening and Inclusion
Bank of Tanzania
Dar Es Salaam
10.2022 - Current
- Developed and implemented comprehensive strategies to improve financial inclusion, financial literacy, complaint resolution, market conduct, access to credit and broadening of range of appropriate financial services and products.
- Directed the directorate's daily operations, ensuring compliance with applicable laws and regulations.
- Developed policies, frameworks and procedures for promoting financial technology innovations, fintech regulatory sandbox, and enabling environment for inclusive fintech.
- Developed policies and structures for enabling regulatory environment for emerging technologies such as cryptocurrencies, and CBDCs, and led cross agency teams in is quest.
- Trained, couched, supervised, evaluated and mentored staff members.
- Developed presentations and presented in domestic and international foras on financial inclusion and fintech regulatory matters.
- Managed strategic planning for short and long-term, budgeting and financial planning for the directorate.
Senior Principal Legal Counsel, National Payments
Bank of Tanzania
Dar Es Salaam
04.2022 - 09.2022
- Provided technical inputs and advise for development of policies and regulations.
- Provided advise to the executive office on key strategic initiatives for payment systems and financial inclusion.
- Developed and presented presentations on payment systems developments in foras and meetings
- Conducting trainings on payment systems.
Director- Strategy and Financial Inclusion Policy
Alliance for Financial Inclusion
Kuala Lumpur
06.2018 - 04.2022
- Led the development of organizational strategy, theory of change and operational plans.
- Supervised, couching, and mentoring heads of departments in the Directorate responsible for; strategy, policy analysis, countries institutional membership engagement, monitoring and evaluation, enterprise-wide risk management, grantmaking facility, and in-country policy implementation.
- Developed policies and strategies for effective delivery of AFI services, countries institutional member engagement, monitoring and organisation risk management
- Provided strategic advice on stakeholder engagement and relations in alignment with AFI Strategic Plan.
- Developed and delivered presentations on AFI programs
- Provided technical advise for conceptualizing, developing and steering AFI’s strategic papers, and inputs for strategic partnerships.
Head- Strategy and Member Relations
Alliance for Financial Inclusion
Kuala Lumpur
04.2016 - 05.2018
- Supervised, couched and mentored managers/regional coordinators for effective organizational outreach in different regions of the world where AFI is represented (Asia and Southeast Asia, Eastern Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, and Sub-Saharan Africa).
- Provided strategic and innovative guidance for AFI’s annual planning process and reporting and AFI’s overall medium and long-term institutional development path.
- Provided strategic advice on key priorities based on AFI Strategy Plan.
- Guided the design and monitoring implementation of key business planning activities (e.g. cooperate strategy planning, performance evaluation, budget forecasting and business process flows).
- Organized and facilitated organization-wide business planning workshops and internal consultations.
- Provided inputs and reviews of AFI knowledge products.
- Guided and supervised grantmaking facility to offer effective value to members.
- Managed AFI Advisory Group that encampased experts from global philanthropies and development organisation.
- Guided the development of Knowledge Management in AFI.
- Provided technical capacity and strategic advice on AFI’s work-streams for digital financial services, Fintech and Regtech and national financial inclusion strategies.
Senior Advisor-National Payment Systems
Bank of Tanzania
Dar Es Salaam
01.2015 - 03.2016
- Provided strategic and corporate plan advice on payment systems and financial inclusion
- Championed and drafted E-money regulations and NPS licensing regulations, and lead the technical team on drafting of the National Payment Systems Act, 2015.
- Presented to the United Republic of Tanzania and People’s Republic of Zanzibar Parliamentary Committee on a seminar of payment systems and rationale for enactment of NPS Law in Tanzania.
- Supported presentations to the Government Cabinet Secretariat on matter relating to NPS.
- Conducted industry workshop on implications and approach to implement the new NPS legislative framework in Tanzania.
- Facilitated and supported the National Council for Financial Inclusion on presentations and reports.
- Provided advise and reviews of FSDT strategic plans as a member of the FSDT’s Board of Directors
- Conducted various international trainings and or mission as a consultant for AFI, MEFMI, IMF East Afritac (short-term consultant of IMF), WB-ITU, FinMark Trust, SADC, BCEAO, Central Banking Publications, Oxford University (Blavatnik School of Government-UK).
- Advised MEFMI on their Phase V (2016-2021) strategic plan for payment systems capacity building trends and approach; mentored and supervised MEFMI Graduate fellows.
- Consulted for MEFMI in several academic matters such as mentoring/supervising several Graduate Fellows (from members of MEFMI) and designed an E-learning module for oversight of payment systems used to provide capacity for financial regulators in Eastern and Southern Africa (launched by MEFMI in 2016).
Advisor-National Payment Systems
Bank of Tanzania
Dar Es Salaam
01.2012 - 12.2014
- Advised directorate and Executive Office on payment systems implementation oversight matters, and financial inclusion.
- Drafted and conducted oversight of e-money issuance.
- Participated in the drafting of the first National Financial Inclusion Framework (2014-2017).
- Drafted and delivered discussion paper on mobile payments in Tanzania at the national conference of financial institutions that contributed to spur mobile money growth through test-learn approach
- Conducted several trainings in payment systems to various stakeholders, drafted concept/policy papers for the enactment of the national payment systems law, drafted NPS legislation (The NPS Law and mobile payments regulations) revised payment systems guidelines and systems rules (RTGS and ECH).
- Advised on national financial inclusion strategy matters and overall Bank’s role in financial inclusion.
- Conducted various international trainings, facilitations and or mission as a consultant for MEFMI (to Mozambique central bank, Lesotho), IMF East Afritac (IMF short-term consultant) (missions to Uganda) and AFI (several mission to countries in AFI network- Asia, Africa, and Central Europe).
- Reviewed Bank’s research papers as part of the Bank’s research committee.
Program Manager-Financial Sector Management
Macroeconomic and Financial Management Institute of Eastern and Southern Africa
Harare
01.2007 - 12.2011
- Developed MEFMI Regional Oversight Model that was used by MEMFI members countries central banks.
- Conducted implementation consultancy missions on enterprise-wide risk management to National Bank of Rwanda,
- Conducted payment systems missions to Lesotho, Mozambique, Malawi, Uganda, Rwanda, Leshoto and other MEFMI countries.
- Led in developing Technical Assistance programs and consultancy for MEFMI countries on payment systems, and monetary policy implementation.
- Conducted trainings to the West African Banking College (CESAG), Dakar, Senegal in collaboration with the Bank for International Settlement.
- Developed training modules for payment systems oversight and regulation.
- Developed MEFMI capacity building strategies.
- Led in the strategic planning, budgeting and managing the program activities.
- Supervised, and mentored staff in the unit.
- Mentored MEFMI fellows in areas of payment systems implementation and oversight.
Legal Counsel-National Payment Systems
Bank of Tanzania
Dar Es Salaam
06.2001 - 01.2007
- Led in provided legal opinions to the directorate of national payment systems on payment systems developments.
- Drafting payment systems regulatory frameworks.
- Conducting training to payment systems stakeholders.
- Developing procedures, policies and oversight benchmarks.
- Researching on payment systems issues.
- Liaising with regional payment systems initiatives.
- Developing presentations for regional payment systems groups for EAC and SADC.
- Participated in the drafting of the Unit Title Bill that transformed ownership of unit tiles for high raised buildings in Tanzania.
- Participated in the establishment of the credit guarantee scheme under the agency of the Bank of Tanzania.
Legal Counsel
National Social Security Fund
Dar Es Salaam
04.1999 - 05.2001
- Represented the NSSF in litigation in the High Court and surboniate courts
- Led in the development of semi-automation of charge-sheets for prosectuting non complaince to the NSSF Act by employers in Arusha.
- Drafted legal opinions and advises to management.
- Participated in research on social security issues.
- Performed secretariat duties.
Company Secretary Cum Legal Counsel
Furaha Finance Limited
Dar Es Salaam
06.1997 - 04.1999
- Managed the company secretary duties and that of the Board of Directors.
- Led in represented the company in court cases and liaising with retained law firms.
- Drafted legal advise and instruments/contracts for leasing, franchising, mortgage, syndication, special vehicles, guarantees, debentures etc.
- Acted as a custodian of legal instruments of clients such as title deeds, debentures etc.
- Conducted credit assessments through customer due diligence, and market intelligence.
- Provided secretariat duties for the company's shareholders meetings.
- Led in legal complaince in Central Bank's examiniation, inspections and other supervisory visitis to the insitution.
Education
Ph.D. - Mercantile Laws
North-West University
Mahikeng, South Africa11-2026
MBA (Distinction) - Business And Managerial Economics
Malaysia University of Science And Technology
Kuala Lumpur, Malaysia10-2022
Masters of Laws (Hons)-International Trade And Finance Law -
University of Dar Es Salaam
Dar Es Salaam, Tanzania11-2007
LLB (Hons)-commercial Laws -
University of Dar Es Salaam
Dar Es Salaam11-1997
Skills
- Business Planning
- Project Management
- Staff Management
- Research
Policy analysis
Legal analysis
- Critical Thinking
- Research tool-SPSS
- Monitoring and Evaluation
- Impact evaluation: conversant in
Difference-in-differences
Theory and Application
Accomplishments
- Best Student Award- MBA Class 2022 Malaysia University of Science and Technology
- Outstanding Technical Contributor Award-2015 Alliance for Financial Inclusion
- Outstanding Technical Contributor Award-2015 Alliance for Financial Inclusion
Certification
- CMI Level 7 Diploma in Strategic Management and Leadership (2022) Chartered Management Institute, London, United Kingdom
- Advocate of the High Court of Tanzania
Languages
Kiswahili
First Language
English
Proficient (C2)
C2
Timeline
Director, Financial Deepening and Inclusion
Bank of Tanzania
10.2022 - Current
Senior Principal Legal Counsel, National Payments
Bank of Tanzania
04.2022 - 09.2022
Director- Strategy and Financial Inclusion Policy
Alliance for Financial Inclusion
06.2018 - 04.2022
Head- Strategy and Member Relations
Alliance for Financial Inclusion
04.2016 - 05.2018
Senior Advisor-National Payment Systems
Bank of Tanzania
01.2015 - 03.2016
Advisor-National Payment Systems
Bank of Tanzania
01.2012 - 12.2014
Program Manager-Financial Sector Management
Macroeconomic and Financial Management Institute of Eastern and Southern Africa
01.2007 - 12.2011
Legal Counsel-National Payment Systems
Bank of Tanzania
06.2001 - 01.2007
Legal Counsel
National Social Security Fund
04.1999 - 05.2001
Company Secretary Cum Legal Counsel
Furaha Finance Limited
06.1997 - 04.1999
Ph.D. - Mercantile Laws
North-West University
MBA (Distinction) - Business And Managerial Economics
Malaysia University of Science And Technology
Masters of Laws (Hons)-International Trade And Finance Law -
University of Dar Es Salaam
LLB (Hons)-commercial Laws -
University of Dar Es Salaam
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