PRESS RELEASE
BUMBULI
DEVELOPMENT CORPORATION ANNOUNCES NEW BOARD OF DIRECTORS
I am pleased to announce the formation of the
new Board of Directors for Bumbuli Development Corporation (BDC). The BDC Board
will provide the leadership and support in ensuring successful implementation
of the vision and mission of BDC for the next three years.
The ten-member Board will be the topmost
governing body of BDC. The primary responsibility of a board member is to
participate in the development of strategies and major decision-making at board
meetings and being active on an ongoing basis in a committee of the board.
I am proud to announce that this Board of
Directors is made of a group of extraordinary individuals, drawn from different
sectors and nationalities to provide BDC with the cutting edge leadership and
foresight it needs to fulfill its mission.
The new Directors are:
1.
Dr. Paul Armington
Dr.
Armington is the President of World Institute for Leadership and Management in
Africa (WILMA). He began his career as an economist working in International
Monetary Fund (IMF) Research Department, where he produced influential articles
on international trade and helped to found the IMF’s now-famous "World
Economic Outlook" methodology and publication. Later, he worked at the
Organisation for Economic Co-operation and Development (OECD) where he was instrumental in bringing about the
international agreement known as the Smithsonian Realignment of Exchange Rates
(1971). From 1975-86, Dr. Armington worked as an economist in the private
sector, collaborating with the London School of Business, Ford Foundation,
Forex Research Ltd., Wharton Econometric Forecasting Associates, and the World
Bank.
Dr. Armington is an accomplished academic and taught at the University
of Pennsylvania. He is famous for the "Armington Elasticities", now
referred to and taught in graduate courses in international trade and economics.
In
1986, Dr. Armington joined the World Bank as Senior Economist. He also served
as Division Chief and advisor in the International Economics Department of the
World Bank, and then for three years as Principal Economist in the Africa
Region’s Capacity Building Unit. In 1999, he took early retirement to devote
his energies to the creation of the World Institute for Leadership and
Management in Africa (WILMA), which he now serves as president
.
Dr.
Armington received his Bachelor’s degree at Swarthmore College, USA and his
Ph.D in economics from the University of California, Berkeley.
2.
Ambassador Juma V. Mwapachu
Ambassador
Juma V. Mwapachu is former Secretary General of the East Africa Community (EAC)
and a well-known and respected Tanzanian businessman, diplomat and
thought-leader. Ambassador Mwapachu has held a number of senior positions in
both the public and private sector of Tanzania. He served as Tanzania’s
Ambassador to France from 2002 to 2006. He was the founding Secretary General of
the Tanzania Chamber of Commerce, Industry and Agriculture in 1988, served as
Chairman of the Confederation of Tanzania Industries between 1996 and 2000 and
Chairman of the East African Business Council from 1999 to 2000. Throughout his
working career, he has been a leading advocate of the creation of a strong and
dynamic private sector in Tanzania.
Ambassador
Mwapachu served as a Managing Consultant at Coopers & Lybrand Associates
which is now PriceWaterhouseCoopers (PWC) in the early 1980s. He has also
served on a number of Presidential Commissions that consolidated Tanzania's
market economy and which ushered in a multi-party political system. He was a
member of the Team of Experts that crafted Tanzania's Development Vision 2025.
He played a leading role in the regional integration of East Africa as
Secretary General of the East African Community for five years between 2006 and
2011.
He
began his career in the public sector in Tanzania as a State Attorney and later
served in the National bank of Commerce, rural development and the
Foreign Office. He has been Chairman of Board of Directors of Tanzania Railways
and the Tanzania Investment Bank. He has been a Non Executive Director of Exim
Bank (Tanzania) Limited since December 5, 2008. Ambassador Mwapachu serves as a
Director of The Heritage Insurance Company (T) Limited, Non Executive Director
of African Barrick Gold Plc. He currently chairs the Governing Council of the
University of Dodoma, a public University. Since January, 2012, he serves as
President of the Society for International Development (SID).
Ambassador
Mwapachu holds a Bachelor of Laws Degree from the University of East Africa,
Dar es Salaam, a Post graduate Degree in International Law from the Indian
Academy of International Law, New Delhi, Doctorate degrees (Honoris Causa) in
literature from the University of Dar es Salaam and political sciences from the
National University of Rwanda. Kenya has decorated him with the third highest
award, the Order of Moran of the Golden Heart (MGH).
3.
Ms. Jill Bishop
Ms.
Bishop is the Executive Director of Tanzania Education Trust Foundation and
President of Tanzania based BSI Ltd., a consultancy that provides strategic
advisory services to government, philanthropic and private sector entities,
with an emphasis on strategic planning and visioning; partnership formation;
program management; and creative problem solving in developing economies. She
has over 20 years of expertise in global business development and macroeconomic
policy and has worked extensively with governments and private sector firms
throughout Africa on a myriad of development initiatives. With a niche
expertise in developing and implementing innovative strategies in challenging
environments, BSI combines practical global business development experience
with inventive future-oriented solutions to enable continued growth and
development of its clients. BSI is based in Dar es Salaam, Tanzania.
Ms.
Bishop has assisted numerous philanthropic organizations and foreign direct
investors with their engagement with Africa, as well as African governments
with facilitating international market access. Most recently she served as the
Program Manager for the Tanzania Beyond Tomorrow Project of behalf of the
Government of Tanzania, overseeing project development and managing multiple
multinational business relationships in an effort to create global partnerships
for ICT use in education delivery. She previously served as the President
of GlobalXccess where she became a patented inventor of financial
services products for underserved markets. She has also held several management
consulting positions with Deloitte & Touche Consulting where she led a variety
of methodology-based consulting projects in Business Process Reengineering,
Strategy, and System Integration. Ms. Bishop holds an Executive MBA from the
London School of Economics and Political Science; the HEC School of Management,
Paris; and the New York University Stern School of Business (TRIUM). She has an
undergraduate degree in Economics and Finance from Rutgers University.
4.
Mr. Betram Eyakuze
Mr. Eyakuze is a Partner and Co-founder of Serengeti Advisers
Limited, a Tanzanian-based consultancy. Previously he was a private equity
investment professional with CDC Capital Partners, a British company with
significant investments across Africa and other developing countries. Prior to
returning to Tanzania with CDC, he was a management consultant with Mitchell
Madison Group in New York, where he was a member of a number of engagement
teams that assisted in strategy formulation and improving the operational
efficiency of large multinational companies. Clients included the largest U.S
telecommunications provider, a global insurance group, and a leading
technology-products manufacturer. His responsibilities with CDC Capital
Partners in Tanzania included the detailed review and improvement of dozens of
business plans across all economic sectors with a view to identifying,
structuring, negotiating, and completing equity investment opportunities,
typically in already-existing enterprises. Mr. Eyakuze has extensive expertise
in business development, strategy formulation, and corporate finance.
He is currently involved in the development of a large-scale
agro-industrial project as well as a mineral processing venture in Tanzania,
and serves on the boards of a number of national businesses, including a
microfinance company and a leading pharmaceutical distribution company.
Mr. Eyakuze received his B.A.S in Civil Engineering and
Economics from Stanford University and his M.B.A from Yale University School of
Management.
5.
Mr. Edward V.K. Jaycox
Mr.
Jaycox is a retired Managing Director of Emerging Markets Partnership (EMP) and
the CEO of the US$ 400 million AIG African Infrastructure Fund which he, and
others, founded in 1999. Prior to joining EMP, Mr. Jaycox served as Vice
President of the World Bank in charge of the Bank's operations in Sub-Saharan
Africa from 1984 to 1996. During this period, he managed the design and
negotiation of structural adjustment programs in over thirty African countries
and approved over US$30 billion in loans and credits to support economic policy
reform and projects in all of the major sectors.
Mr.
Jaycox is deeply familiar with Africa's economic environment and history and
intricacies of market reforms in the continent. Earlier, Mr. Jaycox directed
the World Bank's programs in East Asia and led the team that brought China into
the World Bank. He also managed the first structural adjustment programs
supported by the World Bank in Thailand and South Korea. For over 15 years of
his more than 30 years with the World Bank, he appraised projects and managed
technical teams, divisions and departments working in the infrastructure
sectors including roads, ports, airports, pipelines, railways, waterways, and
urban infrastructure, such as water, electricity, expressways, rapid transit
and housing.
Mr.
Jaycox has an A.B. degree from Yale College and an M.A. degree from Columbia
University School of International Affairs and Certificate in African Studies
from its African Institute.
6.
Mr. January Y. Makamba
Mr.
Makamba is the founder-director of Bumbuli Development Corporation and current
Member of Parliament for Bumbuli constituency and the Deputy Minister for
Communication Science and technology in the government of Tanzania. Before his
appointment as a Deputy Minister, he served as a Chairman of a Parliamentary
Standing Committee on Energy and Minerals and Deputy Chairman of the Board of
Director of the Tea Board of Tanzania. Before being elected as a Bumbuli
Constituency representative in the Tanzanian parliament, Mr. Makamba was
working at the country’s highest office as a senior Aide to Tanzanian President
Jakaya Kikwete for 5 years from 2005-2010. Mr. Makamba started government
service as a civil servant where he worked as Foreign Service Officer at the
Ministry of Foreign Affairs and International Cooperation.
Mr.
Makamba attended St. Johns University in Minnesota, USA, where he obtained a
degree in Peace and Conflict Studies after which he joined the Jimmy Carter
Presidential Center, in Atlanta, Georgia, as Research Assistant where he also
spent some time in Sierra Leone. He was later enrolled for a Master of Science
degree in Conflict Analysis and Resolution at George Mason University in
Virginia after the completion of his assignment at the Carter Center. Mr.
Makamba has also worked in humanitarian assistance operations as Assistant Camp
Manager in the Burundian refugee camps in Kigoma, Tanzania, overseeing the
welfare of 120,000 Burundi refugees.
7.
Dr. Najim Msenga
Dr.
Najim is a native and resident of Bumbuli and one of the most successful
entrepreneurs in Bumbuli township. Born and raised in Bumbuli, he has invested
in trading, transport and housing in Bumbuli and gemstones business across
Tanzania. He is the Executive Director of Najim and Company Ltd, and Kimmse
Investment Ltd.
In
1993 he was awarded the honorarium title of Doctorate after discovering the
Green Sapphires in Tanga, Tanzania.
8.
Bishop Dr. Stephen Munga
Bishop
Munga is a Lushoto-based Bishop of the Evangelical Lutheran Church in Tanzania
for the Northern-Eastern Diocese. Bishop Dr. Munga is on a number of committees
of the Evangelical Lutheran Council in Tanzania (ELCT) since 2001 when he was
elected the Bishop of ELCT North Eastern Diocese. Bishop Dr. Munga .was the
first Chairperson of Sebastian Kolowa University College and now is the
Chancellor of Sebastian Kolowa Memorial University; is the Chairperson of The
Lutheran Mission Corporation; Policy, Finance and Planning Committee of the
Christian Council of Tanzania.
Bishop
Dr. Munga is a recognised leader in community development in Lushoto. He has
been an ardent advocate for environmental protection and sustainable livelihood
in the Usambara Mountains. He is also a national leader and activist for the
sound management and governance of Tanzania's natural resources, serving in the
national committee of the Extractive Industries Transparency Initiative. He
also chaired the Interfaith Standing Committee on Economic Justice and the
Integrity of Creation.
Bishop
Munga obtained his Doctorate of Theology from the University of Lund, Sweden.
9.
Ms. Grace C. Rubambey
Ms.
Grace Rubambey is a rural and microfinance expert and former director of the Bank
of Tanzania. She holds a BBA (Economics)
and a MA (Economics) degrees from Kent State University, Kent, Ohio, USA. Ms.
Rubambey has more than 35 years experience in financial issues, policy
formulation, program coordination, institution building, and training. She
worked at the Bank of Tanzania for more than 28 years, 24 of which were in
various management positions, including Manager Economic Research and
Statistics, Director of Rural Finance, Director of Financial Markets and
Director of Microfinance. While seconded from the Bank of Tanzania, she also
served as the first non-FAO Secretary General of the Nairobi-based Africa Rural
and Agricultural Credit Association (AFRACA) for five years from 1984 to 1989.
In recognition of her work at AFRACA and her personal commitment in the
development of rural and microfinance in Africa, in 2006, the Government of
Burkina Faso awarded her Knighthood of the National Order (Chevalier de L’ordre
National).
Ms.
Rubambey, a staunch advocate of rural/microfinance and inclusive financial
services in general, has been credited for spearheading the development of
rural and microfinance in Tanzania, in particular the Bank of Tanzania’s
critical intervention in the sector at a time when the subject was little known
in the country and the region as a whole. She established the Directorate of
Micro-finance at the Bank of Tanzania and headed it for more than seven, until
her retirement. She led the national team that drafted the Tanzania’s National
Microfinance Policy, a policy that was internationally acknowledged as one of
the best in the industry. She also led the national Task Force that drafted the
regulatory, legal and supervisory framework for micro-finance in Tanzania.
Ms.
Rubambey has served on a number of boards and policy development committees,
including the Financial Sector Deepening Trust (FSDT) Tanzania National
Economic Empowerment Council and the Advisory Board to the President’s
Empowerment Fund.
10.
Prof. Andrew Temu
Prof.
Andrew Temu is an Associate Professor at the Department of Agricultural
Economics and Agri-business, Sokoine University of Agriculture in Morogoro,
Tanzania. Prof. Temu has in the past undertaken Visiting and Research
Fellowships at the University of Illinois, Urbana Champaign-USA and the
International Food Policy Research Institute, Washington DC, USA. He has also
managed the SADC Food Security Training Programme in the 14 member
countries.
Prof.
Temu has extensive knowledge of agri-business projects appraisal and
agricultural finance, privatisation, divestiture of agricultural parastatals
and private sector development, and in designing, analysing and evaluating
agricultural policies and strategies. He has participated actively in the
development of the Agriculture Sector Development Strategy and the Agriculture
Sector Development Programme for Tanzania.
Prof.
Temu has researched, published and offered consultancy services in a wide range
of areas related to agricultural production, marketing, trade and rural
development. He is also the Chairman of the Board of Trustees of the Private
Agricultural Sector Support (PASS) Trust. He is a board member in a number of
organizations, including the African Guarantee Fund Ltd; Tanzania Investment
Center; the Southern Agriculture Growth Corridor of Tanzania (SAGCOT); the Economic
and Research Foundation. He has in the past also served as a Board member of
The CRDB Bank and its subsidiary pursuing Microfinance Services. He is a
Founder Chairman of Diligent Consulting Ltd, a private Tanzanian consulting
firm.
Prof. Temu has a BSc in Agriculture
from the Sokoine University of Agriculture in Morogoro, Tanzania, an MSc. in
Agricultural Economics from Reading University in UK, and a PhD in Agricultural
Economics from the London University in UK.
I am
grateful to all these individuals for agreeing to serve in the Board, and
therefore take part in the advancement of the welfare of the people of Bumbuli
and Tanzania in general. The cumulation of members' vast experiences,
many accomplishments and diverse backgrounds makes this a formidable team. This
is a clear statement on our part at BDC that we intend to create a world-class
organisation aiming for excellence and governed by the highest ethical
standards. Today, with the appointment of this board, we have taken one more
step towards the realisation of the dream and the promise of transformation of
Bumbuli.
January Makamba (MP)
Bumbuli Constituency
6 September 2012
About
BDC
BDC was established in November 2010 as a
development for-profit but not for dividend company with a mission to promote
private, social and public investments with positive economic and social
transformation of the people of Bumbuli Constituency, Lushoto District and
beyond. The core of BDC’s mission is to catalyse private enterprise in Bumbuli,
by attracting domestic and foreign investments into the region, facilitating
and coordinating technical assistance and technology transfer, and building
strong collaborative links with the local, district and central governments.
BDC is envisaged to initiate, attract, promote,
coordinate and monitor the activities that would both enhance the existing
private, public and donor programs as well as develop specific programs for
economic growth and social wellbeing of the people of Bumbuli. Currently, BDC
invests in and carry out specific and carefully chosen projects with maximum
social impact. More information about Bumbuli and BDC can be found in the book
Bumbuli – Yesterday, Today and Tomorrow, which is available at www.januarymakamba.com.
……..Ends……
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