[ Job Vacancy ]2 Independent Board Directors Required at Mwalimu Commercial Bank

Title: Independent Board Directors

Mwalimu Commercial Bank  Full Manuscript

Mwalimu Commercial Bank PLC ( MCB ) is a limited liability company established under the Companies Act (Cap 212 R. E. 2002) and licensed to carry Banking business under the provision of the Banking and Financial Institutions Act, 2006 and licensed to conduct banking business by the Bank of Tanzania on 13th July 2016.

The bank is well capitalized with TZS 30.9 Billion n raised from 61.8 Million shares of Tshs. 500 each floated and paid up through Dar Es Salaam Stock Exchange ( DSE ).

The current shareholding structure of MCB consists of Tanzania Teachers’ Union (TTU) and its affiliate company called Teachers’ Development Company Ltd (TDCL)- (16.2%), Individual Teachers – (35.2%), Public Service Pensions Fund ( PSPF ) -(16.2%), National Health Insurance Fund (NHIF) (16.2%) and the General public (16.2%).
MCB commenced its operations officially in July 2016 with one branch located along Samora Avenue in Dar Es Salaam, and is expecting to open 9 other branches over 5 years’time.
Mwalimu Commercial Bank PLC invites applications from suitable candidates to fill two positions of Independent Directors to the Board of the Mwalimu Commercial Bank PLC.
The names of all aspiring and qualifying candidates will be forwarded to the Annual General Meeting for voting.


An Experienced Accountant, ICT or Banking professional; a combination of two will be an added advantage.

Leadership experience, knowledge and experience on economics, finance and accounting.

Proven track record and good corporate governance practices.

High moral and ethical character without any criminal records or history of bankruptcy.

Applicants are required to observe the requirements of this role under the Banking and Financial Institutions Act.

Directors appointed and elected shall be confirmed by the general meeting such that their appointment shall not be effective until approved by the Bank of Tanzania.

How to Apply ?

Application letter, curriculum vitae, certified copies of relevant academic and professional certificates and awards, two passport size photographs, certified copies of the last page of their passports or National Identification card

The above information should be sent via email to:
Company Secretary;
Mwalimu Commercial Bank PLC;
Email: frank@kkbattorneys.co.tz

Note !!

Only short-listed candidates will be contacted.

Notification of receipt of application and other details will be sent to all applicants upon receipt of the applications.

Women are highly encouraged to apply.

Applications must be received by 3:00 p.m. on Friday 3rd January 2020.

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