The Lion King | 25
Spotlight on
Demola Ogunfeyimi
MD/CEO, UBA Tanzania
W
ith more than 24
years banking ex-
perience, cutting
across several functions,
including Domestic Opera-
tions, Treasury operations,
Systems & Financial Control,
Corporate & Investment
Banking, Demola Ogunfeyi-
mi has seen it all in banking.
In addition to a first degree
in Business Administra-
tion from the Ogun State
University and an MBA from
University of Lagos, Nigeria,
Demola Ogunfeyimi is an
Associate of the Institute
of Chartered Account-
ants of Nigeria (ICAN),
Associate of the Certified
Pension Institute of Nigeria
and Graduate Member of
the Chartered Institute of
Stockbrokers. He is happily
married with children.
Demola resumed as MD/
CEO, UBA Tanzania in June,
2013 and discusses with us
in this edition, some of his
plans to grow the seed in
Tanzania.
How has the experience been
like since relocating to Tanzania?
It has been exciting as well as
challenging. Before this posting,
I had never been away from my
family for more than three days.
I am in my 6th month now, away
from my family. This comes with
new responsibilities and some-
time anxieties. Be that as it may,
I have always worked in West Af-
rica, so the terrain is not entirely
strange. The cultural difference
has been challenging but at the
same time interesting as well.
What are your immediate priori-
ties?
Work with the team on ground
and turn the subsidiary into mak-
ing sustainable profits from the
perennial loss making position it
has been for almost 4 years. This
is already beginning to happen.
To make UBA Tanzania a great
place to work, a great place to
invest and a great place for cus-
tomers and other stakeholders.
Describe the Tanzanian eco-
nomic landscape and economic
prospects
Tanzania remains one of the most
stable countries on the continent,
with a significant natural resource
endowment. Its political stability
makes the country an invest-
ment destination and this can be
seen in the flow of Foreign Direct
Investment from America, Europe
and Asia.
