DAR ES SALAAM: Tanzania’s capital markets have seen 26 pc increase in total value of
investments from 33.3tr/- recorded in February 2021 to 40.1tr/- in February this year.Attributing the milestone to sound and resilient markets facilitated by Capital Markets and Securities Authority (CMSA) Tanzania, CMSA Chief Executive Officer CPA Nicodemus Mkama said the country soldiered on despite Covid-19 effects and geographical tensions in the world.
Making the statement on Tuesday in Dar es Salaam, he applauded the government’s efforts in creating a conducive environment for investment in the country, especially through its friendly policies and regulations.
Equally, he noted that the combined trading turnover of equities and bonds on the stock exchange increased by 87.7 per cent to 11.2tr/- in February 2024 compared to 6.0tr/- per cent in February this year.
Additionally, he said that the Net Asset Value of collective investment schemes had a 297.1 per cent momentous increase to 2.0tr/- in February this compared to 500.3bn/- in February 2021.
Likewise, the CEO said that CMSA has been at the fore in steering development of innovative sustainable capital market products that have facilitated successful issuance of FIVE FIRSTS which include, the first multicurrency social bond in Africa, first exchange listed green bond with big ticket size in sub Saharan Africa, the first gender bond in sub Saharan Africa, first listed corporate sukuk bond in sub Saharan Africa; and the first Subnational water infrastructure green revenue bond in Africa.
“These achievements have positioned Tanzania on the map of global capital markets that offer innovative and sustainable products attracting both domestic and international investors,” he pointed out.
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