Haplochromis mbipi is a species of cichlid endemic to Lake Victoria where it is known from the southeastern portion of the lake. This shallow water species, , is generally found along gently sloping rocky shores. This species can reach a length of SL. This species was originally described in the genus Mbipia, however not all scientists have accepted such placement. It may be placed back in Mbipia should a comprehensive review of the genus Haplochromis be conducted.