Mkombozi Commercial Bank (Mkombozi Bank) - History, Ownership, Network and More

Mkombozi Commercial Bank (Mkombozi Bank) – History, Ownership, Network and More

Mkombozi Bank public company (MKCB) is a Tanzanian commercial bank. The Bank of Tanzania, Tanzania’s banking regulator and central bank, grants it a license. Mkombozi means “Savior” and is derived from Swahili.

Type Private
Industry Financial services
Traded as DSE:MKCB
Founded 2009
Key People Chairman- Marcellina Mvula Chijoringa, Managing Director – Respige Kimati
Headquarters Dar es Salaam
Products Loans, Savings, Checkings, Debit Cards, Investments
Total assets (2018) USD 76.94 million (Tsh 178.82 billion)
Revenue (2018) USD 346.800 million (Tsh 806 million)


Mkombozi Commercial Bank focuses on servicing Tanzania’s lowest socioeconomic classes as well as small-to-medium firms (SMEs). By December 2018, the valuation of the bank’s assets was roughly 76.94 million USD (Tsh:178.82 billion), with approximately USD 10.02 million in shareholder equity (TZS:23.3 billion). In the fiscal year 2013, the bank achieved a profit of TZS 806 million (US$346,835).


In July 2009, the Bank of Tanzania, Tanzania’s banking regulator, granted the bank a commercial banking license. Mkombozi commercial Bank plc then began operations in 2009 August.


Mkombozi Bank Tanzania is owned by parishes, Catholic dioceses, and individuals in Tanzania of various religious beliefs. To raise the first share capital of USD5 million (Tsh:7.8 billion), shares were offered in batches of one hundred shares at USD 0.75 for each share to individuals and corporations. The shares of the bank were floated on the Dar es Salaam Stock Exchange (DSE) in November 2014 with three major goals in mind:

  1. To increase paid-up capital over the new national minimum of TZS 5 billion (USD 9 million) before March 1, 2015.
  2. To rally funds for increased lending.
  3. Source funds for establishing additional branches.

Branch Network

Mkombozi bank branches were running in these places by December 2019:

Branch City Address
Main Branch 40 Mansfield Street, Dar es Salaam St Joseph’s Catholic Church
Njombe Njombe Njombe Town
Iringa Branch Iringa Iringa Town
Dodoma Dodoma Dodoma City
Tegeta Branch Dar es Salaam Tegeta
Morogoro Morogoro Morogoro Town
Bukoba Branch Kagera Bukoba
Moshi branch Kilimanjaro Moshi Town
Kariakoo branch Dar es Salaam Kariakoo
Msimbazi Dar es Salaam Msimbazi in Ilala District
Mwanza Branch Mwanza  


The Mkombozi commercial bank ltd Board of Directors is made up of eight people. One of the 7 non-executive directors is the Chairman. Marcellina Chijoriga is the current Chairperson. Respige Kimati is the present Managing Director.

Mkombozi Bank Mikopo

The bank offers Mkombozi Bank Mkopo on house investments. The loan amount starts at a minimum of 50 million upto 500 million. The loan can be paid back within a time period of 20 years.

For more articles related to Financial Services in Tanzania, click here!

Recommended Articles From Around the Web