Experience

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  Yegf

  Nov 2017 - Feb 2019

  Investment analyst (volunteer)

  Young Enterprise Growth Fund is a private equity firm actively seeking promising ventures aiming for investment and expansion to fuel their growth.Faraja initially joined the organization as a volunteer immediately after graduating from university. After five months of dedicated service, he was offered an employee contract, assuming the role of an Investment Analyst.Throughout his tenure at YEGF; •Faraja demonstrated proficiency in identifying suitable companies seeking investment and growth capital. •He played a crucial role in assisting partner companies in strategic development and formulating business plans. •Moreover, Faraja forged strong relationships with capital providers across the East African region and actively participated in networking and marketing endeavours on behalf of the firm. •He also diligently prepared regular reports on portfolio company performance for the board of directors and ensured the accuracy and completeness of the portfolio company database. Show less

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  Notus company limited

  Mar 2019 - Jun 2021

  Accounts payable cum tender officer

  Notus Limited is a specialized company based in Dar es Salaam, Tanzania, focusing on supply chain management, logistics, and industrial material supply.•Faraja held the responsibility of managing the purchase ledger, which involved receiving invoices from suppliers and conducting accuracy checks. •He calculated prepayments when necessary and expedited outstanding invoices to ensure accurate records of the organization's liabilities. •Faraja also handled supplier queries promptly and efficiently, directing them as needed and resolving them promptly. •Additionally, he regularly reconciled purchase ledger accounts with suppliers' statements and processed supplier payment runs according to prescribed intervals and deadlines, collaborating closely with finance personnel.•Moreover, Faraja played a key role in coordinating, preparing, and compiling bid submission documents for tendering and bidding activities. •He also assisted the commercial department in fostering strong relationships with existing and potential associates and customers. Show less

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  Empower limited

  Jul 2021 - Apr 2023

  Coordinator: finance & operations

  Empower is a vibrant Human Capital Consultancy firm specializing in various areas such as recruitment, outsourced services, learning, personal development, employee engagement, strategic insight, and youth impact projects.During his tenure at Empower Limited, Faraja undertook the responsibility of overseeing the day-to-day operations and financial matters of the company. He excelled in;•Identifying, evaluating, onboarding, and negotiating with potential suppliers from diverse service categories, ensuring compliance with both general and company-specific procurement regulations and policies. •Additionally, Faraja efficiently coordinated and scheduled company procurements, obtaining necessary approvals and ensuring timely execution.•Moreover, Faraja managed comprehensive travel arrangements for both staff and external consultants, encompassing flight bookings, accommodation, and transfers. •He meticulously reviewed, verified, and systematically prepared payment vouchers for all approved supplier invoices on a monthly basis, adhering to strict timelines. •Faraja also supervised inventory control and office facility maintenance.•Furthermore, he effectively managed and reconciled company petty cash, provided suppliers with payment remittance advice, conducted timely audits of payment vouchers in the finance system, and maintained records for external auditors and the Tanzania Revenue Authority. Show less

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  Artspayce limited

  Jan 2023 - now

  Co-founder & operations specialist

  Faraja and his colleague embarked on the establishment of Artspayce Limited in Dar es salaam-Tanzania, driven by their shared vision of launching and operating a project and business consulting platform. Initially focusing on local projects and consulting assignments in January 2023, acquired through word-of-mouth referrals, the platform gradually expanded its reach to encompass international assignments throughout the year.Faraja is playing a pivotal role in; •Shaping the company's direction, spearheading the development and communication of its mission and vision. •Additionally, he is instrumental in identifying new avenues for growth and expansion, cultivating relationships with key stakeholders, and streamlining business processes to enhance efficiency. •He is also leading efforts in implementing quality control measures to uphold high standards and has overseen customer service operations, ensured client satisfaction and promptly addressed any concerns.To date, Artspayce Limited has served over 50 and 10 local and international clientele respectively, showcasing its growing impact and reach in the industry. Show less

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  Fountain gate institution

  Nov 2023 - now

  Finance manager

  Fountain Gate Institution operates across multiple locations, offering education, sports, and talent development programs. With 16 registered business units, including schools, a Sports Academy, and other ventures, it serves communities in Dar es Salaam, Morogoro, Dodoma, Singida, and Mwanza.Faraja joined Fountain Gate Institution in November 2023 as a Business Analyst and quickly rose to Finance Manager by January 2024. His analytical skills and strategic insights significantly improved profitability. He has introduced an integrated financial system, reduced operational costs by 16%, and advised on effective marketing strategies.Promoted to head the Finance Department, •Faraja ensures financial objectives align with the institution's mission. •He oversees budgeting, financial reporting, cash flow management, and policy development. •Faraja also provides staff training and supports departments in financial matters, optimizing processes for efficiency. Show less