Silvest Arumasi is the Managing Director, Akiba Commercial Bank, a position he has held since June 2021.
He is an experienced Banking Executive with a demonstrated history of working in the banking industry. Skilled in Executive Management, Strategy, Business & Retail Banking, Digital Banking, Card Business, Compliance and Risk Management, having worked for NBC Limited, National Bank of Tanzania and Bank of Tanzania in different positions.
He has a solid educational background with Bachelor’s and Master’s Degree in Economics and Finance from the University of Dar es Salaam and University of Leeds respectively, ad well as certification in Public Accounting (CPA-PP).
Akiba Commercial Bank Plc commenced banking operations in August 1997 as an initiative of over 300 Tanzanian entrepreneurs who were inspired to move into micro-finance, by the moral and economical concern for the plight of millions of Tanzanians. These founding members were bound together by a strong conviction that in Akiba Commercial Bank they will have the vehicle through which they would reach and help transform the lives of previously unbanked and commercially ill-equipped people around the country.
