Tanzanian tycoon Patrick Schegg gains $23 million from CRDB Bank in 2026

Swiss-Tanzanian investor Patrick Schegg, one of the most quietly influential shareholders in East Africa’s banking sector, has seen a substantial surge in the market value of his stake in the CRDB Bank following a sustained rally in the shares of the Dar es Salaam-based lender on the Dar es Salaam Stock Exchange (DSE).

Patrick Schegg’s stake nears $55 million amid stock rally

Patrick Schegg’s holdings have climbed by nearly $23 million following a sustained rally on the Dar es Salaam Stock Exchange (DSE), pushing the stake of the reclusive Tanzanian mogul closer to the $55 million mark.

Schegg holds a 1.9% stake in CRDB Bank via “Banque Pictet & Cie SA A/C Patrick Schegg,” a structure that reflects beneficial ownership while leveraging the confidentiality and efficiency of Swiss private banking. The position places him among the bank’s notable foreign-linked shareholders, despite maintaining a low public profile. Since the beginning of the year 2026, his stake has increased by approximately $23 million.

CRDB Bank shows strong performance on DSE

CRDB Bank, Tanzania’s most capitalized firm and systemically important lender, commands assets exceeding $5 billion and plays a dominant role across retail, corporate, and regional banking. Schegg’s roughly 50.75 million shares underscore a long-term conviction in the bank’s growth trajectory.

According to data tracked by Shore Africa, the market value of Schegg’s stake in CRDB Bank has climbed by Tsh64.97 billion ($22.71 million) over the past 193 days, reflecting growing investor confidence in the Dar es Salaam-based bank and sustained accumulation of its shares.

CRDB Bank’s shares surge 73%, pushing market cap to Tsh6.97 trillion ($2.65 billion)

CRDB Bank saw its profit rise 32.11% to Tsh728.6 billion ($280.76 million) for the period ended December 30, 2025, from Tsh551.1 billion ($213.6 million) a year earlier. This double-digit growth is underpinned by sustained growth in both funded and non‑funded income streams.

Additionally, net interest income rose 25.89% to Tsh1.39 trillion ($536.76 million), while total non-interest income increased by 22.9% from Tsh583.5 billion ($224.96 million) to Tsh717 billion ($276.43 million), supported by growth in the bank’s payments and digital businesses. 

Customer deposits climbed 36.55% to Tsh14.93 trillion ($5.78 billion), reflecting strong customer engagement and stable funding. The bank’s balance sheet expanded materially, with total assets rising 33.6% to Tsh22.31 trillion ($8.6 billion) while shareholders’ fund rose 26.41% to Tsh2.75 trillion ($1.06 billion).

CRDB Bank’s shares on the Tanzanian bourse have rallied greatly this year, rising 84.77% in local currency terms over the past 193 days, from Tsh1510 ($0.57) at the start of the year to Tsh2790 ($1.05) at the time of writing. However, the depreciation of Tanzanian shillings against the U.S. dollar has moderated those gains to about 73.1% in dollar terms, with the stock climbing from $0.57 to $1.05. The surge has lifted the group’s market capitalization to Tsh6.97 trillion ($2.65 billion).

Schegg’s stake in CRDB Bank nears $55 million

Due to the double-digit increase, the market value of the stake held by the Tanzanian business tycoon has risen by Tsh64.97 billion ($22.71 million) since the start of the year, from Tsh76.64 billion ($31.07 million) on January 1 to Tsh141.6 billion ($53.78 million) at the time of reporting. 

The recent surge in his stake in CRDB Bank, which contributes significantly to his multimillion-dollar fortune, solidifies his position as one of the high-value investors on the Dar es Salaam Stock Exchange and one of the country’s wealthiest individuals.