The Merger: Formation of Mwanga Hakika Microfinance Bank

Published on 27 Feb 2026
Mwanga Hakika Microfinance Bank Limited (MHB) was formed on August 14 2020,  after the sucessful merger of three different banks: EFC Tanzania Microfinance Bank (EFC), Hakika Microfinance Bank (Hakika), and Mwanga Community Bank (MCB).


After the merger, MHB operations have increased manifold as the bank is now a mid-size emerging bank in Tanzania with a promising future. MHB recently offers tailor-made solutions to its valued customers.


The customer base of MHB consists of small, medium, and corporate customers who are spread in various parts of the country, ensuring widespread accessibility to premium financial services.
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