Independent Non-Executive Director Vacancies 2026 – Maendeleo Bank PLC
If you are an experienced professional in the banking or financial services sector, the Independent Non-Executive Director Vacancies 2026 at Maendeleo Bank PLC present an important leadership opportunity. The bank is seeking qualified and reputable individuals to join its Board of Directors and contribute to strengthening corporate governance and strategic oversight.
This opportunity is ideal for senior professionals with extensive experience in banking, finance, governance, or related sectors who want to play a strategic role in guiding the growth and long-term sustainability of a listed commercial bank in Tanzania.
Why Work with Maendeleo Bank PLC
First, Maendeleo Bank PLC is a fully licensed commercial bank incorporated in the United Republic of Tanzania and listed on the Dar es Salaam Stock Exchange. The bank operates under the regulation of the Bank of Tanzania.
Additionally, the bank focuses on delivering inclusive financial services to individuals, Micro, Small and Medium Enterprises (MSMEs), and corporate customers across the country.
Currently, the bank operates:
- Six (6) branches
- Five branches in Dar es Salaam
- One branch in Arusha
- More than 2,100 banking agents nationwide
Consequently, joining the board offers an opportunity to influence the strategic direction of a growing financial institution with a national footprint.
About the Board Appointment
Position: Independent Non-Executive Director
Number of Positions: 2
Organization: Maendeleo Bank PLC
The bank is seeking two dynamic and reputable individuals with strong banking expertise to join its board as Independent Non-Executive Directors.
Shortlisted candidates’ names will be forwarded to the Annual General Meeting (AGM) for final appointment.
These positions are part of the bank’s efforts to strengthen corporate governance, strategic leadership, and risk oversight.
Roles of the Board of Directors
The selected board members will contribute to guiding the strategic and operational direction of the bank. Key responsibilities include:
- Determining the vision, mission, and values of the bank and monitoring strategic implementation
- Selecting, appointing, and evaluating senior management leadership
- Appointing and assessing the performance of the Managing Director
- Approving the annual budget and financial management practices
- Protecting the interests of shareholders and stakeholders
- Participating actively in board meetings and governance evaluations
- Ensuring strong leadership practices and protection of the bank’s assets and reputation
- Ensuring compliance with laws, regulations, and governance codes
- Overseeing technology systems and operational efficiency
- Supervising risk management frameworks and long-term shareholder value creation
Professional Qualifications
Applicants must be professionals with expertise in relevant fields such as:
- Banking
- Finance
- Accounting
- Economics
- ICT
- Risk Management
- Human Resources or related disciplines
Additional Requirements
Candidates must also meet the following criteria:
- Compliance with fit-and-proper independence criteria under Bank of Tanzania Corporate Governance Regulations (2021 & 2023)
- Minimum 10 years of work experience at senior management or director level
- At least 5 years of experience in the banking industry
- Strong understanding of financial management and regulatory compliance
Added Advantages
The following qualifications will be considered an advantage:
- Postgraduate qualification in a business-related field
- Professional certifications such as CPA(T) or ACCA
- Prior board experience with a listed company
- Expertise in digital transformation, cybersecurity, data science, project finance, or human capital management
Personal Attributes
Successful candidates should demonstrate:
- High integrity and ethical judgment
- Independence of thought and sound governance perspective
- Strong strategic and analytical thinking
- Excellent communication and stakeholder engagement skills
- Extensive professional networks beneficial to the bank’s growth
How to Apply
Interested candidates should prepare and submit the following documents:
- Cover letter outlining motivation and suitability for the role
- Updated Curriculum Vitae (CV)
- One-page statement of suitability summarizing governance and leadership experience
- Certified copy of passport or NIDA ID
- Three letters of recommendation from referees
- Declaration of indebtedness to banks
Applications should be addressed to:
The Chairman, Nomination Committee
Maendeleo Bank PLC
P.O. Box 216
Dar es Salaam, Tanzania
Email: [email protected]
Application Deadline: 31 March 2026 at 4:00 PM
All applicants will receive confirmation once their applications are received.
Final Thought
In conclusion, the Independent Non-Executive Director Vacancies 2026 at Maendeleo Bank PLC offer an exceptional leadership opportunity for senior professionals with strong experience in banking and governance.
Therefore, if you have extensive experience in financial services, corporate governance, and strategic leadership, this role provides a chance to influence the direction of a publicly listed bank while contributing to the development of Tanzania’s financial sector.
