FASTJET TANZANIA APPOINTS NEW DIRECTORS
(Posted 29th November 2013)
FastJet yesterday announced the appointment of new directors to the board of their Tanzanian company, adding a total of four new names to the current number of directors already in place. Notably were two local Tanzanians appointed to the board as non executive directors, one Mr. Ami Mpungwe and one Mr. Lawrence Masha.
Mr. Ami Mpungwe, according to the FastJet media release, has been described as one of Tanzania’s most respected diplomats. He spent 25 years in the Tanzanian diplomatic service, including six years as Tanzania’s first Ambassador to South Africa. In 1999, he received the Order of Good Hope, South Africa’s highest award granted to foreign citizens for his contribution to Peace and Democracy in South Africa and in the SADC region and for establishing closer bilateral ties between South Africa and Tanzania.
Mr. Mpungwe brings a wealth of regional business experience to the fastjet Board. He is Non-Executive Deputy Chairman of AIM-listed Richland Resources Ltd and is Chairman of TanzaniteOne Mining Ltd, SAGCOT Catalytic Fund and MultiChoice Tanzania. Other directorships include ILLOVO Sugar Ltd., Tanzania Breweries Ltd and NIKO Insurance Ltd. Mr. Mpungwe holds a BA (Hons) degree in International Relations and Political Science and a diploma in International Law.
The second Tanzanian director, as per the media release at hand, is Mr. Lawrence Masha, described as a prominent lawyer and businessman with strong political ties throughout Africa. He is Managing Partner at IMMMA Advocates (a member of the DLA Piper Group) in Dar es Salaam and has served in a variety of senior political positions in the Tanzanian Government.
In 2005, he was elected as Member of Parliament for Nyamagana Constituency (the City of Mwanza) and between January 2006 and November 2010 he held the roles of Deputy Minister of Energy and Minerals, Deputy Minister of Home Affairs, as well as Minister of Home Affairs. Mr Masha has held senior positions in a variety of businesses within Tanzania, including being Managing Director of Tanzania Oxygen Limited, the first company to be listed on the Dar es Salaam Stock Exchange. Mr. Masha holds an LL.B (Hons) from the University of Dar es Salaam and a LLM in International and Comparative Law from the Georgetown University Law Center in Washington DC. In 2010 the World Economic Forum nominated Mr. Masha as Tanzania’s first Young Global Leader. Mr. Masha currently serves as Chairman of the Tanga Cement Company and Ecoprotection Tanzania Limited and is a Non-Executive Director of Basix East Africa Limited and Blue Financial Services Limited.
Also appointed to the board were Mr. Richard Bodin, Chief Commercial Officer of Fastjet PLC and Angus Saunders, the CFO of the company.
The full announcement, as required incidentally under the rules of the London Stock Exchange where FastJet PLC is listed, can be found through the following web link: www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11788173
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