Francis Ramadhan
DSE investment actions: MCB
Market: Closed
DSE (Dar es Salaam)
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Board Chairman, Mwalimu Commercial Bank (MCB)
Chairman of the Board of Mwalimu Commercial Bank PLC, the Dar es Salaam-listed lender majority-owned by the Tanzania Teachers' Union. Led MCB's 2026 rights issue, a 3-for-1 share offer at a steeply discounted TZS 110 that raised TZS 20.4 billion to strengthen the bank's capital base.
1 actions
1 DSE stocks
| Date | Details | May affect |
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| May 6, 2026 |
Launched MCB's TZS 20.4bn Rights Issue at Steeply Discounted TZS 110/Share
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MCB Board Chairman Francis Ramadhan launched the bank's rights issue offering 185,474,760 new shares at TZS 110 each on a three-for-one ratio, a sharp drop from the prior TZS 1,700-1,800 range, aimed at strengthening the bank's capital base, expanding lending capacity and accelerating digital banking investment.
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