Michael Shirima

Summary

Michael Ngaleku Shirima was born in 1943, Usseri Rombo District, Kilimanjaro Region, Tanzania.

Michael Ngaleku Shirima

Shirima is a Tanzanian businessman, entrepreneur, and philanthropist. He is the founder and current chairman of Precision Air, Tanzania’s largest privately owned airline.

Career

Shirima started Precision Air in 1993, with a twin-engine five-seater airplane, a Piper Aztec. Using Arusha as its base, the airline began by providing charter flights to tourists visiting Serengeti National Park, Ngorongoro Crater, the island of Unguja, and other tourist attractions in Tanzania. As customer numbers grew, the airline acquired more equipment and began scheduled flights maintaining Arusha as its base.

In 2003, Kenya Airways, the largest airline in East Africa, acquired 49% shareholding in Precision Air for a cash sum of US$2 million.

In addition to his aviation interests, Shirima owns five percent of the stock of I&M Bank (Tanzania), a medium-sized commercial bank. As of December 2011, the bank’s total assets were valued at about US$130 million (TZS:200 billion) and the bank’s shareholders’ equity had approximately US$15 million (TZS:23 billion). He also sits on the Board of Directorsof the same bank.

He is the founder and proprietor of Cornelius Ngaleku Orphanage, located in Useri Division, Rombo District, Kilimanjaro Region, in northern Tanzania. The orphanage looks after homeless children picked up on the streets of Tanzanian cities. Shirima also serves as the Chairman of Tanzania Golf Union (TGU).

Experience

Mr.Michael Shirima is an Aircraft Performance Engineer by Profession. He worked for 11 Years at the now defunct East African Airways (EAA). In 1977 he joined the task force established to set up the National Airline Air Tanzania and was appointed Operations Director.

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