INDUSTRY: FINANCIAL SERVICES INDUSTRY
DATE LISTED: 29th December 2014
IPO PRICE (TZS): 600
MKCB started as an initiative of the Tanzania Episcopal Conference in 2009 to establish a commercial bank with the main objective of serving and supporting the emerging Tanzanian businesses for provision of financial services.
Mkombozi Commercial Bank’s target markets are small and medium sized entrepreneurs, companies, SACCOS, social enterprises such as schools, universities and corporations. MKCB serves the need of growing companies, middle-market and large corporations, institutional investors, financial institutions and government entities.
MKCB issued 5,000,000 shares to the public at an IPO price of TZS 1000 per share under Enterprise Growth Market (EGM).