Michael Shirima’s Biography, Net Worth, Fact, Career, Awards and Life Story
In addition to his aviation interests, Shirima owns five percent of the stock of I&M Bank (Tanzania), a medium-sized commercial bank. As of December 2011, the bank’s total assets were valued at about US$130 million (TZS:200 billion) and the bank’s shareholders’ equity had approximately US$15 million (TZS:23 billion). He also sits on the board of directors of the same bank.
He is the founder and proprietor of Cornelius Ngaleku Orphanage, located in Useri Division, Rombo District, Kilimanjaro Region, in northern Tanzania. The orphanage looks after homeless children picked up on the streets of Tanzanian cities. Shirima also serves as the Chairman of Tanzania Golf Union (TGU).
