Mwanga Hakika Bank has officially launched Mkopo Chap on 27th June 2025, a fast loan service for investors that allows them to access funding without having to sell their investments. This innovative solution enables both individual and institutional investors to obtain loans using collateral such as government bonds, listed shares on the Dar es Salaam Stock Exchange (DSE), units from collective investment schemes, and corporate bonds listed on the exchange.
The launch event was graced by key leaders and stakeholders, including Raymond Tarimo (Vice Chairman of the Bank’s Board of Directors), Jagjit Singh (Managing Director), Thomas Enock (Chief Business Officer), and Peter Situmbeko Nalitolela (new Chief Executive Officer of DSE). Also in attendance were senior officials from financial institutions, leaders in the securities sector, and other capital market stakeholders.
Mkopo Chap is a testament to the bank’s commitment to delivering innovative financial services tailored to the real needs of modern investors and marks a major step toward building an inclusive and advanced financial system in Tanzania.
The launch event was graced by key leaders and stakeholders, including Raymond Tarimo (Vice Chairman of the Bank’s Board of Directors), Jagjit Singh (Managing Director), Thomas Enock (Chief Business Officer), and Peter Situmbeko Nalitolela (new Chief Executive Officer of DSE). Also in attendance were senior officials from financial institutions, leaders in the securities sector, and other capital market stakeholders.
Mkopo Chap is a testament to the bank’s commitment to delivering innovative financial services tailored to the real needs of modern investors and marks a major step toward building an inclusive and advanced financial system in Tanzania.