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.

Clerius Asiel

Head of Sales

Clerius joined EFTA in 2020. He previously spent over 10 years in the Banking sector with First National Bank, Stanbic Bank and Standard Chartered Bank. He has held different positions both in retail and commercial banking in various roles including business analyst, risk management, relationship management, product development and customer experience solutions focused on decision making and opportunity identification through data and market insight. Clerius has a BA in Business Management from Greenwich University.

Elias Leasa

Head of Operation

Elias has been working with EFTA since January 2014. Prior to EFTA, Elias worked as Project Manager for Empower Tanzania Inc., an american NGO based in Tanzania. He holds a bachelor’s degree in Business Administration from the University of Dodoma.

Emmanuel Richard

Head of Internal Audit

Emmanuel joined EFTA in June 2020 as Head of Internal Audit. Most recently, he worked with VisionFund Tanzania Microfinance Bank Ltd as the Head of Internal Audit and Investigations for more than six years. Prior to that he worked with the Pan African Auditors as External Auditor, with PRIDE Tanzania Ltd as the Senior Internal Auditor, and with PRIDE Rural Financing Window as the Head of Internal Audit. He is a member of the National Board of Accountants and Auditors (NBAA) Tanzania, an Associate Certified Public Accountant in Public Practice (ACPA-PP 3912), and is a member of the Institute of Internal Auditors (IIA) (Registration # 1860559). Currently he is finalizing his MBA from ESAMI Arusha.

Goodluck Philipo

Head of Credit

Goodluck joined EFTA in 2015 as an Investment Officer in our Mbeya branch. He moved to the EFTA head office at Moshi as a Senior Operations Officer in 2017 and became the Credit Manager in 2019. Prior to joining EFTA he worked with FINCA microfinance bank for four year as a Loan Supervisor. He has experience in lending and business analysis. He holds a Bachelor Degree in Agriculture Economics and Agribusiness from Sokoine University of Agriculture.

Lazaro Shimwelah

Morogoro Branch Manager

Prior to EFTA, Lazaro worked at Opportunity International Tanzania, where he held different positions including Branch Manager-Iringa (launched the branch), Zonal manager (SAGCOT), Agriculture Financing manager and Head of Collections. Before that he held a number of other positions at YETU Microfinance Bank PLC including Senior Credit Officer and Branch Manager-Zanzibar. Lazaro also worked as a Consultant at Mbinga Community Bank PLC in Ruvuma. He is a BCom -Finance graduate from KCA University in Nairobi – Kenya.

Leonce Malamsha

Special Loans Manager

Prior to EFTA, Leonce was working with Barclay’s Bank as Arusha Branch Manager. Before that he held a number of other positions at Barclays and Standard Chartered. He has an Advance Diploma in Certified Accountancy from Mzumbe University and an MBA from ESAMI Arusha.

Moses Mazoya

Mbeya Section Manager

Moses joined EFTA in 2017 as an Investment Officer in our Mbeya branch and became the Section Manager in 2020. Prior to joining EFTA he worked with Finca Microfinance Bank for four years as a Small Enterprises Loan Analyst. He has experience in lending and business analysis. He holds a Bachelors Degree in Cooperative Management and Accounting from Sokoine University of Agriculture.

Mussa Mwachaga

Financial Controller

Mussa joined EFTA in June 2020 as Financial Controller. Prior to joining EFTA, Mussa worked as General Manager Finance at Bank of Africa Tanzania for 9 years, heading up the Tanzanian Finance function. Previously Mussa spent 5 years at CRDB Plc as a Bank Officer. Mussa is a certified public accountant and  holds an Advance Diploma in Accountancy from Mzumbe University.

Sarunny Saibull

Operations Manager

Sarunny joined EFTA in 2012 as an investment officer and in 2015 became Training Manager responsible for staff development and customer training. In 2017 she became the Operations Manager taking on additional procurement and operations responsibilities. Prior to joining EFTA, Sarunny worked as a peer education coordinator for Global Service Corps for three years. She holds an Advanced Diploma in Procurement and Logistics Management, a Certificate in Public Procurement and Supplies and completes her MBA from ESAMI in 2018.

Salum Mvano

Head of Information Technology

Details coming soon!

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