Born in 1961 and married with 4 children, Dr. Donath R. Olomi is the Chief Executive Officer of the Institute of Management and Entrepreneurship Development ( which is pioneering innovative entrepreneurship and management training, research and consulting. His main area of expertise is entrepreneurship and small business development. He was the founding director of the University of Dar es Salaam Entrepreneurship Centre ( in 1999 and left this position in 2009 with the centre being a leader in the East African region. Dr. Olomi studied in Tanzania, Canada and Sweden and holds a B.Com, MBA and a PhD in business and entrepreneurship. Prior to joining the University of Dar es Salaam in 1989, he worked as an Assistant Accountant and then an Export Officer

Dr. Olomi has founded Whitemark Hotel ( and more recently IMED. He chaired the Boards of Fanikiwa Microfinance Company, Community Re-Investment Grant Trust (CRGT) and sits on the Boards of Banana Investments Ltd (, Centre for Sustainable Development Initiatives (, Tanzania Gatsby Trust, Property and Business Formalization Programme ( and Small Entrepreneurs Loan Facility (SELF). He has also worked widely in the area of entrepreneurship and private sector development in Tanzania, Botswana, DRC, Djibouti, Ethiopia, Kenya and Sudan. His clients have included SMEs, corporate, banks, NGOs, business associations, governments, multilateral organizations, etc. He has also been working as an Associate Consultant with Ernst and Young. Dr. Olomi has published widely including co-authoring two books. His theoretical contribution has included developing a framework explaining how some economic necessity business founders evolve into serious growth oriented entrepreneurs.

Reginald Massawe holds a Masters Degree in Business Administration, with a specialization in Human Resources Management. He also holds a Diploma in Personnel Management and has more than fifteen years of experience holding management positions, ten of which were spent serving in top management echelons of related multinational organizations. He began his career in HRM in 1996 and has since held a variety of posts covering a wide range of responsibilities. Before entering the HRM field, Reginald had attended Teacher Training and had earned a Diploma and thereafter a Degree in Education. Therefore, in terms of educational background, Reginald holds two college Diplomas and two University Degrees. Career wise, he has a wealth of experience in business management as well as in being an exemplary employee at various levels.

In 2004, he wanted to change his career, committed himself to doing a PhD programme, and started working toward writing a PhD thesis on Alternative Approach in Financing SMEs. While working on his PhD studies, he developed an intense interest after seeing the immense opportunities for overcoming the scourge of poverty in developing countries like Tanzania provided by Microfinance Business. He then abandoned the PhD study to engage fully in microfinance business by setting up a Microfinance Institution and thus crossed the floor from being an employee to being an entrepreneur and self-employed. Reginald believes in daring to be imaginative. Every railroad; every outstanding institution; every mammoth business enterprise; and every great invention would have first been conceived in the fertile imagination of some individual person.

Therefore, wherever you are, whoever you are, whatever you may be following as an occupation, there is room for you to make yourself more useful, and in that vein more productive, by developing and using your imagination. The growing number of clients and stakeholders of AML have began to feel that AML is making a mark and moving in the right direction towards becoming a model Microfinance institution in Tanzania and in the East African region. All we have to do is to continue walking.

Agnes Massawe holds a Bachelors Degree in Business Administration as well as a Masters Degree in Business Administration with a specialization in marketing. She has twenty years work experience, mainly with Non Governmental Organizations (NGOs). She has worked as a community developer and trained members of poor communities in Dar es Salaam in matters relating to the establishment and management of SMEs and poverty alleviation. She has also worked with women groups,which gave her the feel of the financing problems that are faced by such groups. During all this time, she was heavily involved in organizing community development and training activities where she experienced what disappointments and failures meant to those involved. She also leant that it is not easy to solve the deep-seated problems of poverty. However, she witnessed several, though few, instances of success by the relevant poor communities in their endevour to setting up business ventures. These instances of success inspired her to want to see how such successes could be replicated and put to scale. Her greatest ambition is to contribute substantially to improved livelihood in Africa.

Dr. Jehovaness Aikaeli is a Senior Lecturer in the Department of Economics at the University of Dar es Salaam; and he is a former Senior Economist of the Bank of Tanzania. He holds a PhD in Economics from the University of Dar es Salaam. He has participated in many short courses including, inter alia, Financial Risk Management; Legal and Regulatory Frameworks for Financial Sector Reforms; Project Management; Money and Banking; and Macroeconomic and Debt Issues.

Dr. Aikaeli has researched extensively in the areas of banking and finance, income, growth and poverty, efficiency, project management and productivity, SMEs, taxation and resources mobilization. He has consulted with the World Bank on Investment Climate Survey, and the Public Expenditure Review. He has also worked in the areas of impact assessments, business plans and project development, among others. He is a resource person and a visiting lecturer of the African Economic Research Consortium (AERC) and theTrade Policy Training Institute in Africa (TRAPCA). Dr. Aikaeli has been teaching,inter alia,Advanced Macroeconomics, Financial Economics, Trade Theory and Policy, Cooperate Finance and Investment.

Dr. Joyce Peters Chonjo is the Deputy Provost for Administration (DPA) in Tumaini University Dar Es College (TUDARCo). She previously worked as the Director of Empowerment and Facilitations at the National Economic Empowerment Council. Also worked with the Tanzania Commission for AIDS, the Tanzania - Danish Association for International Cooperation, the ILO, the Rural Youth Training and Employment Project, as well as the Small Industries Development Organization (SIDO). She holds a PhD in Demography and her professional training spans Tanzania, Uganda, Zambia, Italy, Germany, Malaysia, Singapore, Bangkok and the Philippines, to mention a few.

Godfrey Sigalla is a career Internal Auditor with better part of the career spent in Banking sector focusing on managing Internal Audit functions, Compliance, Risk Management and Financial Crimes Investigations.

Apart from having served in the banking industry, he has also previously worked for the National power utility in the capacity of Director of Internal Audit and Investigations before branching off back to banking industry. He is currently the Director of Internal Audit and Investigations at the Loans Board, a role that he took over a year ago.

On the academic background, he holds a Bachelor Degree in Accounting and a Masters’ Degree in Business Administration both from the University of Dar es Salaam. On the professional membership front, he is a Certified Public Accountant and a member of the Institute of Internal Auditors, Tanzania Chapter.

He is a married and blessed with three children.

  1. Speed- African Microfinance Limited ► is providing quick LOAN services and in high quality to our esteemed clients
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