This is Adam Mihayo; New TCB chief executive officer

President Samia Suluhu Hassan has appointed Adam Mihayo as the new Chief Executive Officer of Tanzania Commercial Bank (TCB).

Prior to assuming his new role, Mihayo worked as the Executive Director at the Bank of Africa (BOA).

According to a press statement issued on Tuesday by the State House’s Directorate of Presidential Communications, his appointment is effective from November 19, 2023.

In the banking and finance sector, Adam Mihayo was appointed Managing Director of Bank of Africa Tanzania in September 2021.

With over 14 years of experience in the banking industry, Mihayo has worked for local, regional, and global banks. His career history spans across retail, SME, and corporate sectors. He is recognized as an industry expert in risk management.

Before joining Bank of Africa Tanzania Limited, Mr Mihayo served as the Credit Director of Absa Bank Tanzania Limited. In that role, he successfully led the credit function of the bank and actively participated in defining strategic objectives to support business growth.