Dr. Suleiman Ikomba

DSE investment actions: MCB

Market: Closed DSE (Dar es Salaam)
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Aug 06, 2026, EAT
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Dr. Suleiman Ikomba

President, Tanzania Teachers' Union (TTU)

Elected President of the Tanzania Teachers' Union (TTU) in June 2025, defeating former president Leah Ulaya and 17 other candidates with 680 votes. TTU and its economic wing, Teachers Development Company Limited (TDCL), are founding and major institutional shareholders of Mwalimu Commercial Bank (MCB), the DSE-listed lender they established in 2012 to serve teachers and civil servants. Source: Daily News, 'Tanzania Teachers Union sees changes in leadership' (dailynews.co.tz, June 2025); rocketreach.co MCB company profile.

1 actions 1 DSE stocks
Date Details May affect
Jun 8, 2026
TTU President Ikomba Arraigned on 14 Corruption and Economic Sabotage Charges
Legal Actioned Sh2.2 billion in disputed transactions
Tanzania Teachers' Union President Suleiman Ikomba was arraigned at Dodoma Resident Magistrate's Court and read 14 charges involving corruption, forming a criminal gang, and economic sabotage, joining nine other current and former CWT leaders accused of unlawfully obtaining more than Sh2.2 billion between 2023 and 2024; TTU is a founding institutional shareholder of Mwalimu Commercial Bank.