{"id":1898,"date":"2020-02-17T15:00:06","date_gmt":"2020-02-17T15:00:06","guid":{"rendered":"http:\/\/bizix.premiumthemes.in\/?page_id=157"},"modified":"2025-10-17T14:27:23","modified_gmt":"2025-10-17T14:27:23","slug":"massage-of-the-c-e-o","status":"publish","type":"page","link":"https:\/\/www.wavestone.co.tz\/index.php\/massage-of-the-c-e-o\/","title":{"rendered":"MASSAGE OF THE C.E.O"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1898\" class=\"elementor elementor-1898\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16050d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16050d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-6a80425\" data-id=\"6a80425\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-529fd9a gyan-title-st-line-after elementor-widget elementor-widget-gyan_title\" data-id=\"529fd9a\" data-element_type=\"widget\" data-widget_type=\"gyan_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"gyan-title\">\r\n\t\t\t<div class=\"gyan-title-subtitle\"><span>Founder & Chief Executive Officer<\/span><\/div><h2 class=\"gyan-title-heading\">Francis Masaga, ACPA-PP<\/h2>\t\t<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ba6d17 elementor-widget elementor-widget-text-editor\" data-id=\"6ba6d17\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><strong>Francis Masaga<\/strong> is a highly experienced <strong data-start=\"678\" data-end=\"724\">finance, risk, and compliance professional<\/strong> with a strong background in auditing, internal control systems, and corporate governance across multiple industries and regions.<br data-start=\"853\" data-end=\"856\" \/>As the <strong data-start=\"863\" data-end=\"927\">Founder and Chief Executive Officer of Wavestone Innovations<\/strong>, he leads the firm\u2019s strategic direction, ensuring delivery of world-class financial, audit, and consulting solutions tailored to modern business challenges.<\/p><p data-start=\"1087\" data-end=\"1353\">With over <strong data-start=\"1097\" data-end=\"1135\">8 years of professional experience<\/strong> spanning <strong data-start=\"1145\" data-end=\"1205\">Tanzania, Zanzibar, Comoros, Seychelles, and West Africa<\/strong>, Francis has developed a deep understanding of corporate finance, ICT systems auditing, regulatory compliance, and strategic business management.<\/p><p data-start=\"1355\" data-end=\"1517\">He combines <strong data-start=\"1367\" data-end=\"1443\">technical expertise, leadership excellence, and a results-driven mindset<\/strong> to help organizations enhance governance, efficiency, and accountability.<\/p><h3><strong>Professional Experience<\/strong><\/h3><h4 data-start=\"1557\" data-end=\"1632\"><strong data-start=\"1562\" data-end=\"1630\">Head of Risk, Compliance &amp; Internal Control \u2013 Dexintec (FinTech)<\/strong><\/h4><p data-start=\"1633\" data-end=\"2066\"><em data-start=\"1633\" data-end=\"1649\">2023 \u2013 Present<\/em><br data-start=\"1649\" data-end=\"1652\" \/>Responsible for leading the design and implementation of enterprise-wide <strong data-start=\"1725\" data-end=\"1790\">risk management, compliance, and internal control frameworks.<\/strong><br data-start=\"1790\" data-end=\"1793\" \/>Key duties include regulatory compliance oversight, group risk monitoring, internal audits, and coordination of group compliance risk across international branches.<br data-start=\"1957\" data-end=\"1960\" \/>He also leads training, performance management, and compliance awareness programs across the organization.<\/p><p data-start=\"2068\" data-end=\"2090\"><strong data-start=\"2068\" data-end=\"2090\">Key Contributions:<\/strong><\/p><ul><li data-start=\"2093\" data-end=\"2177\">Developed a comprehensive internal control framework and compliance testing model.<\/li><li data-start=\"2180\" data-end=\"2266\">Oversaw compliance risk assessment programs aligned with <strong data-start=\"2237\" data-end=\"2263\">Best Banking Practices<\/strong>.<\/li><li data-start=\"2269\" data-end=\"2339\">Coordinated group-level risk reporting and governance communication.<\/li><li data-start=\"2342\" data-end=\"2419\">Conducted awareness and training programs to strengthen compliance culture.<\/li><\/ul><h4><strong>Consultant Group CFO \u2013 Michelle Reginata Holdings (Remote)<\/strong><\/h4><p data-start=\"2496\" data-end=\"2840\"><em data-start=\"2496\" data-end=\"2512\">2023 \u2013 Present<\/em><br data-start=\"2512\" data-end=\"2515\" \/>Provided strategic financial leadership and oversight for a multinational holding group with operations in <strong data-start=\"2622\" data-end=\"2721\">Tanzania, Seychelles, Senegal, Ivory Coast, Mali, Burkina Faso, Madagascar, Botswana, and Dubai<\/strong>.<br data-start=\"2722\" data-end=\"2725\" \/>Responsibilities included group financial reporting, risk analysis, and multi-jurisdictional compliance management.<\/p><h4><strong>Senior Auditor &amp; System Local Administrator \u2013 Mazars Tanzania<\/strong><\/h4><p data-start=\"2920\" data-end=\"3170\"><em data-start=\"2920\" data-end=\"2942\">Feb 2021 \u2013 July 2023<\/em><br data-start=\"2942\" data-end=\"2945\" \/>Led financial, operational, and system audits across diverse sectors under the <strong data-start=\"3024\" data-end=\"3059\">Mazars global audit methodology<\/strong>.<br data-start=\"3060\" data-end=\"3063\" \/>Managed end-to-end audit engagements, risk identification, internal control testing, and client advisory.<\/p><p data-start=\"3172\" data-end=\"3193\"><strong data-start=\"3172\" data-end=\"3193\">Notable Projects:<\/strong><\/p><ul><li data-start=\"3196\" data-end=\"3365\"><strong data-start=\"3196\" data-end=\"3233\">European Commission System Audits<\/strong> for international programs including <em data-start=\"3271\" data-end=\"3277\">PACE<\/em>, <em data-start=\"3279\" data-end=\"3306\">Agri Connect Boresha Chai<\/em>, and <em data-start=\"3312\" data-end=\"3362\">Inclusive Horticulture in the Southern Highlands<\/em>.<\/li><li data-start=\"3368\" data-end=\"3526\">Audit assignments for high-profile clients such as <strong data-start=\"3419\" data-end=\"3524\">Power Construction Corporation of China, IoDT, AGS World Movers, Freedom House, and Kiluwa Steel Ltd.<\/strong><\/li><\/ul><h4 data-start=\"3533\" data-end=\"3604\"><strong data-start=\"3538\" data-end=\"3602\">Financial Controller \u2013 Vigor International (Comoros Islands)<\/strong><\/h4><p data-start=\"3605\" data-end=\"3940\"><em data-start=\"3605\" data-end=\"3627\">June 2018 \u2013 Jan 2021<\/em><br data-start=\"3627\" data-end=\"3630\" \/>Oversaw financial reporting, tax compliance, and consolidation for multiple subsidiaries under the <strong data-start=\"3729\" data-end=\"3744\">Vigor Group<\/strong>, including <strong data-start=\"3756\" data-end=\"3778\">Golden Tulip Hotel<\/strong> and <strong data-start=\"3783\" data-end=\"3814\">Vigor Electro Power Systems<\/strong>.<br data-start=\"3815\" data-end=\"3818\" \/>Successfully closed key financial statements for <strong data-start=\"3867\" data-end=\"3894\">Moroni Airport projects<\/strong>, improving investor and government relations.<\/p><h4><strong>Assistant Group Internal Auditor \u2013 Vigor Turkey Group of Companies<\/strong><\/h4><p data-start=\"4025\" data-end=\"4257\"><em data-start=\"4025\" data-end=\"4047\">Jan 2018 \u2013 June 2018<\/em><br data-start=\"4047\" data-end=\"4050\" \/>Part of a multinational audit team covering more than 15 subsidiaries across Zanzibar, Mainland Tanzania, and the Comoros Islands.<br data-start=\"4180\" data-end=\"4183\" \/>Later promoted to <strong data-start=\"4201\" data-end=\"4225\">Financial Controller<\/strong> due to exceptional performance.<\/p><h3><strong>Education &amp; Professional Qualifications<\/strong><\/h3><ul><li data-start=\"4315\" data-end=\"4399\"><strong data-start=\"4315\" data-end=\"4370\">Post Graduate Diploma in Banking Management (PGDBM)<\/strong> \u2013 Bank of Tanzania Academy<\/li><li data-start=\"4402\" data-end=\"4509\"><strong data-start=\"4402\" data-end=\"4445\">Master of Business Administration (MBA)<\/strong> \u2013 Institute of Accountancy Arusha (IAA), Dar es Salaam Campus<\/li><li data-start=\"4512\" data-end=\"4592\"><strong data-start=\"4512\" data-end=\"4548\">Bachelor\u2019s Degree in Accountancy<\/strong> \u2013 Tanzania Institute of Accountancy (TIA)<\/li><li data-start=\"4595\" data-end=\"4688\"><strong data-start=\"4595\" data-end=\"4634\">Certified Public Accountant (CPA-T)<\/strong> \u2013 National Board of Accountants and Auditors (NBAA)<\/li><li data-start=\"4691\" data-end=\"4770\"><strong data-start=\"4691\" data-end=\"4761\">Associated Certified Public Accountant \u2013 Public Practice (ACPA-PP)<\/strong> \u2013 NBAA<\/li><li data-start=\"4773\" data-end=\"4857\"><strong data-start=\"4773\" data-end=\"4821\">Certified Information Systems Auditor (CISA)<\/strong> \u2013 Training &amp; Membership 2017\u20132020<\/li><li data-start=\"4860\" data-end=\"4934\"><strong data-start=\"4860\" data-end=\"4918\">Ongoing Financial Modelling &amp; Valuation Analyst (FMVA)<\/strong> \u2013 ALX Program<\/li><\/ul><h3><strong>Core Competencies<\/strong><\/h3><ul><li data-start=\"4970\" data-end=\"5004\">Financial Management &amp; Reporting<\/li><li data-start=\"5007\" data-end=\"5037\">Risk &amp; Compliance Management<\/li><li data-start=\"5040\" data-end=\"5074\">Internal Audit &amp; Control Systems<\/li><li data-start=\"5077\" data-end=\"5116\">Forensic &amp; System Auditing (IT Audit)<\/li><li data-start=\"5119\" data-end=\"5148\">Strategic Business Planning<\/li><li data-start=\"5151\" data-end=\"5186\">Transfer Pricing &amp; AML Compliance<\/li><li data-start=\"5189\" data-end=\"5225\">IFRS Implementation &amp; Tax Advisory<\/li><li data-start=\"5228\" data-end=\"5265\">Team Leadership &amp; Capacity Building<\/li><\/ul><h3><strong>IT &amp; System Skills<\/strong><\/h3><ul><li data-start=\"5302\" data-end=\"5373\"><strong data-start=\"5302\" data-end=\"5326\">Accounting Software:<\/strong> SAP, Tally, Sage Pastel, WinHMS, ERP Systems<\/li><li data-start=\"5376\" data-end=\"5429\"><strong data-start=\"5376\" data-end=\"5392\">Audit Tools:<\/strong> Mazars ATLAS (Local Administrator)<\/li><li data-start=\"5432\" data-end=\"5491\"><strong data-start=\"5432\" data-end=\"5455\">Productivity Tools:<\/strong> Microsoft Excel, Word, PowerPoint<\/li><li data-start=\"5494\" data-end=\"5569\"><strong data-start=\"5494\" data-end=\"5524\">Data &amp; System Audit Tools:<\/strong> COBIT, ITIL frameworks (applied in practice)<\/li><\/ul><h3><strong>Professional Memberships<\/strong><\/h3><ul><li data-start=\"5612\" data-end=\"5676\"><strong data-start=\"5612\" data-end=\"5665\">National Board of Accountants and Auditors (NBAA)<\/strong> \u2013 Member<\/li><li data-start=\"5679\" data-end=\"5755\"><strong data-start=\"5679\" data-end=\"5727\">Certified Information Systems Auditor (CISA)<\/strong> \u2013 ISACA (Training Member)<\/li><li data-start=\"5758\" data-end=\"5824\"><strong data-start=\"5758\" data-end=\"5808\">Financial Modelling &amp; Valuation Analyst (FMVA)<\/strong> \u2013 ALX Program<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-51bd3df\" data-id=\"51bd3df\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b30708e elementor-widget elementor-widget-image\" data-id=\"b30708e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"853\" height=\"1280\" src=\"https:\/\/www.wavestone.co.tz\/wp-content\/uploads\/2025\/10\/WhatsApp-Image-2025-10-16-at-11.20.09-PM.jpeg\" class=\"attachment-full size-full wp-image-4571\" alt=\"\" srcset=\"https:\/\/www.wavestone.co.tz\/wp-content\/uploads\/2025\/10\/WhatsApp-Image-2025-10-16-at-11.20.09-PM.jpeg 853w, https:\/\/www.wavestone.co.tz\/wp-content\/uploads\/2025\/10\/WhatsApp-Image-2025-10-16-at-11.20.09-PM-200x300.jpeg 200w, https:\/\/www.wavestone.co.tz\/wp-content\/uploads\/2025\/10\/WhatsApp-Image-2025-10-16-at-11.20.09-PM-682x1024.jpeg 682w, https:\/\/www.wavestone.co.tz\/wp-content\/uploads\/2025\/10\/WhatsApp-Image-2025-10-16-at-11.20.09-PM-768x1152.jpeg 768w\" sizes=\"(max-width: 853px) 100vw, 853px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Founder &#038; Chief Executive Officer Francis Masaga, ACPA-PP Francis Masaga is a highly experienced finance, risk, and compliance professional with a strong background in auditing, internal control systems, and corporate governance across multiple industries and regions.As the Founder and Chief Executive Officer of Wavestone Innovations, he leads the firm\u2019s strategic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1898","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/pages\/1898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/comments?post=1898"}],"version-history":[{"count":52,"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/pages\/1898\/revisions"}],"predecessor-version":[{"id":4574,"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/pages\/1898\/revisions\/4574"}],"wp:attachment":[{"href":"https:\/\/www.wavestone.co.tz\/index.php\/wp-json\/wp\/v2\/media?parent=1898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}