Our Team

EFTA has built a strong team with a blend of experience from across the world and investment knowledge in Tanzania. EFTA currently has a team of over 60, drawing on Tanzanian talent from across the country.

Nicomed Bohay

Managing Director


Leonce Malamsha

Head of Operation


Mussa Mwachaga

Financial Controller


Goodluck Philipo

Head of Credit


Emmanuel Richard

Head of Internal Audit


Lucy Bwana

Head of Humana Resource


Oliver Israel

Procurement Manager

Oliver joined EFTA in April 2019 as a Finance Officer. Prior to joining EFTA, he worked with Tanzania Ports Authority as an Assistant Commercial Officer for 5 years. He has experience in procurement and supply management from both government and private sectors. Oliver holds an Advanced Diploma in Business Management and a Post Graduate Diploma in Economic Diplomacy from Mozambique-Tanzania Centre for Foreign Relation.

Clerius Asiel

Commercial of Sales Manager


Otto Massawe

Branch Manager - Moshi


Kennedy Mboyelwa

Branch Manager - Bukoba


Board of Directors

Michiel Timmerman


Michiel Timmerman co-founded EFTA Ltd in 2005.  Michiel is CEO of Mbuyu Capital Partners, an Africa-focused investment business.  Before founding Mbuyu, Michiel was MD and Chief Investment Officer of Ignis Advisors, Ignis Asset Management’s $3.5bn alternative investment business, investing in hedge funds, private equity and real estate.  He is also a non-executive director of two AgDevCo Ltd, an African agriculture investor, and of LAFCo Ltd, which finances working capital for SMEs in the African agriculture sector.

Clement Kwayu


Clement is Co-Founder and Director of EFTA. Clement also acts as Managing Director of BUMACO, EFA’s partner in Tanzania. BUMACO is a well-established management consultancy and insurance brokerage business, with offices in Moshi (Kilimanjaro region) and Dar es Salaam. Clement is a specialist in co-operatives and rural development and founded BUMACO in 1982.

James de la Fargue


James is a Zimbabwean citizen with a BA (Hons) Business Administration and ACCA, who worked in Europe for several years with Unilever PLC, Deloitte and the French group Chargeurs SA. In Zimbabwe, he was head of corporate finance at Merchant Bank of Central Africa (MBCA). James has extensive experience in both agriculture and financial services in the region, serving on the boards of NMB Bank and African Century Leasing in Zimbabwe and several companies in Mozambique.

Sean Carey


Sean is Associate Director at AgDevCo and he is responsible for certain new and existing investments across the AgDevCo portfolio. Sean joined AgDevCo’s London office from an alternative investment business, focusing on renewable energy, infrastructure and other real asset investments. Sean previously worked for Ernst & Young focussing on multinational mining, renewable energy and oil & gas engagements in various countries. Sean grew up in South Africa and graduated from the University of Cape Town with a Bachelor of Business Science degree specialising in finance and management and is also a chartered accountant (CA).

Simeon Galpert


Simeon is an accountant, and has held senior finance and treasury positions at major companies including Guinness, Saatchi & Saatchi and WPP. He was most recently Director of Treasury, Tax and Risk Management at Guinness, before becoming an independent consultant. He has also undertaken consulting work for the IFC in East Africa on small business investment and performance monitoring.

SMEs in developing countries

Caught in the Middle: EFTA's work in East Africa featured by the Economist

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EFTA Whistleblower hotline

Thank you for contacting the EFTA Whistleblower hotline. The purpose of this hotline is to allow EFTA’s customers, employees, suppliers and other stakeholders to share any observations regarding actions that you may feel or inappropriate or illegal, as well as any other actions that do not align with EFTA’s Code of Conduct. The information in the form below will be sent to an independent individual within the organization who will deal with the request swiftly and professionally.

Note that all concerns will be treated in confidence and every effort will be made not to reveal your identity, if that is your wish. If disciplinary or other proceedings follow the investigation, it may not be possible to take action as a result of your disclosure without your help, so you may be asked to come forward as a witness. If you agree to this, you will be offered advice and support.



Asante kwa kuwasiliana na EFTA. Kusudi la ukurasa huu ni kuruhusu wateja wa EFTA, wafanyakazi, wasambazaji na wadau wengine kushiriki katika kuripoti Kero yoyote kuhusu huduma au matendo yasiyofaa au yaliyo kinyume cha sheria, pamoja na vitendo vinginevyo visivyoendana na Kanuni na Maadili ya EFTA. 

Weka maelezo katika fomu hapa chini ambayo itatumwa kwa mtu binafsi/huru ndani ya shirika ambaye atashughulika na ombi au lalamiko lako.

Kumbuka taarifa zako zitahifadhiwa kwa siri na kila jitihada zitafanywa kutotoa utambulisho wako. Ikiwa msaada wako utahitajika ili kuruhusu uchunguzi wa kisheria, tutaomba ushirikiano wako na utapewa ushauri na usaidizi ili kulinda usalama wako.

Whistleblower Swahili