Tanzania, Sept. 15 -- Dar es Salaam. A Tanzanian executive has been appointed Group Chief Executive Officer of a pan-African equipment finance company EFAfrica Group Ltd, which operates in Tanzania, Kenya, Zambia and Mauritius.

Mr Nicomed Bohay, who has nearly three decades of experience in banking, agricultural finance and enterprise development, will oversee the group's operations as it seeks to expand access to equipment financing for farmers, small and medium-sized enterprises (SMEs) and other businesses across Africa.

His appointment follows his tenure as Managing Director of Equity for Tanzania Limited (EFTA) since 2021. Mr Bohay said his appointment reflected the collective work of the team and the wider objective of using equipm...