Bernard Tesha takes on CFO role at Absa Bank Tanzania

post-title

Bernard Tesha has been appointed CFO of Absa Bank Tanzania. The appointment comes on the back of various personnel shifts that have occurred over the past 18 months.

Bernard Tesha has been appointed CFO of Absa Bank Tanzania. The appointment comes on the back of various personnel shifts that have occurred over the past 18 months.

In November 2022, Jeremy Awori left his post as managing director of Absa Bank Kenya to join Togolese lender Ecobank as CEO. Jeremy was replaced by Abdi Mohamed in April 2023. Abdi left his position as MD of Absa Bank Tanzania to take up the role and was replaced by Obedi Laiser, who had been CFO of the bank for over seven years.

Bernard took over as CFO in an acting capacity and the company announced, on 15 March 2024, that he had been confirmed to take over the position on a permanent basis.

Prior to taking up the role of CFO, Bernard held the position of financial controller for over a decade. In this position, he was a pivotal figure in financial management, overseeing various tasks including the daily and monthly preparation of bank financial reports, approval of SAP journals and management of the general ledger reconciliation process. Additionally, he played a significant role in audits, budgeting processes, and new product development initiatives.

In his role as CFO, he will be reporting to the CEO of the bank and the CFO of the East African region. His responsibilities will encompass the full financial spectrum including reporting the bank’s financial position and performance, as well as accurately projecting performance and financial requirements. As a senior member of the management team, Bernard will support and advise the CEO, management and the board on risk management as well as financial and strategic matters.

Bernard is a graduate of Mzumbe University where he obtained a Bachelor’s in accounting and finance in 2010. He is also a certified public accountant registered with the National Board of Accountants and Auditors of Tanzania. Prior to joining Absa, he was an auditor at Ernst & Young Tanzania for a five-year period.

Related articles

Diversified business model pays off for FD David Abwoga

At a recent financial results briefing, David Abwoga, the director of finance of NCBA banking group, celebrated the contribution of the banking group’s subsidiaries outside of Kenya to the group’s profit after tax.

Lawrence Kimathi explains the impact of forex fluctuations on banks

Lawrence Kimathi, the group FD of KCB, has described the banking group’s financial results for the year ended December 2023 as a mixed bag. Lawrence celebrated the growth in the balance sheet with both loans advanced and customer deposits showing marked increases. He however lamented the increase in non-performing loans (NPL) stock from Ksh 161 billion to Ksh 208 billion.

Billy Ngetich appointed acting CFO of I&M Group

Billy Ngetich has been appointed acting CFO of I&M Group Plc. Billy is a seasoned finance professional, who has been making waves in the banking industry since August 2001 when he began his career as a business finance manager at KCB Bank.

FD Yusuf Omari explains investing in automation, client-facing talent

Yusuf Omari, the finance director of Absa Bank Kenya, boasts an illustrious 20-year career in the banking sector, clearly demonstrating his deep-rooted expertise in financial management and strategic leadership. He recently unpacked the bank's full financial year results.

CFO Fred Nshekanabo celebrates growth in SME portfolio at CRDB

At a recent results briefing, Fred Nshekanabo, the CFO of Tanzania’s largest bank CRDB, celebrated the growth recorded with respect to loans to small and medium-sized entities (SMEs). The financial results for the bank for the year ended 31 December 2023 shows a diversified split.

Top