Richard Makungwa

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Market: Closed DSE (Dar es Salaam)
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Aug 06, 2026, EAT
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Richard Makungwa

Group Managing Director & CEO, Mwalimu Commercial Bank (MCB)

Group Managing Director and CEO of Mwalimu Commercial Bank (MCB), the Dar es Salaam-listed lender serving Tanzania's teachers and civil servants. Has led the bank through a five-year turnaround (total assets from under Sh30bn in 2019 to Sh98bn in 2025) and its 2026 TZS 20.4bn rights issue. Source: The Citizen, 'Majaliwa urges wider public education on share investment' (May 2026).

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