Company History

Madison Finance Company Limited (MFinance) was established in 2004 and is a Deposit Taking Financial Institution that is regulated by the Bank of Zambia.

The company is a subsidiary of the Lawrence Sikutwa and Associates (LSA) group of companies, an indigenous conglomerate with interests in insurance (life & non-life), asset management (pension fund management, unit trusts, and stock broking), property development and business advisory services as well as tourism.

MFinance was granted a licence to operate as a deposit taking micro finance institution in August 2014 and is now taking deposits from corporates as well as individuals. MFinance also provides a wide array of loan products to micro, small and medium sized entrepreneurs as well as pay-roll backed financial products and services.

MFinance operates a 17-branch network across the country covering peri-urban and rural areas thus assisting to realise the Government’s goal of financial inclusion


“Sometimes knowing when something is not working and pivoting to something new leads to our greatest opportunities and successes.”

Titus Waithaka
Managing Director, MFinance