Timiza fund declares first dividend as investor base boom

DAR ES SALAAM: INVESTORS in the Timiza Fund are set to receive their first income payout by the end of this month following the fund management’s announcement of a dividend of 10/- per unit.

The announcement came after the fund’s inaugural Annual General Meeting (AGM) over the weekend, where Zan Securities Limited, the fund’s managers, reported significant growth in assets under management and a rising number of investors since the fund’s launch two years ago.

The meeting highlighted the fund’s strong performance and commitment to delivering consistent returns to unit holders. Zan Securities’ Chairman, Mr Abdisalaam Issa Khatibu, said that dividends will be distributed according to the number of units held by each investor.

“Those who opted for the reinvestment plan will receive additional units instead of cash, equivalent to the dividend amount as outlined in the offer document,” he said.

The dividend comes amid a sharp rise in the fund’s investor base and assets, driven by growing awareness of unit trust products and easier access through digital platforms.

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The number of investors has surged to 8,741 from just 210 in July 2024, representing a growth of over 4,000 percent in less than two years. Over the same period, the fund’s Net Asset Value (NAV) rose from 10.38bn/- to about 31.7bn/-, reflecting strong inflows from new investors alongside portfolio returns. The fund has also delivered steady growth in unit value.

Since inception, a unit has risen from 100/- to 131.79/-, representing a capital appreciation of 31.79 percent. In 2025 alone, the fund generated returns of approximately 15 per cent, highlighting the benefits of diversified investments across capital market instruments.

The Timiza Fund’s performance mirrors the broader growth of collective investment schemes in the country.

According to the Capital Markets and Securities Authority (CMSA), 26 licensed schemes currently invest in financial and non-financial instruments, with total investments rising to 4.8tri/- from 1.9tri/- in March 2024, an increase of nearly 146 per cent.

Digital technology has also driven the fund’s rapid growth. Through the ‘Zan Invest’ platform, investors can open accounts, buy or redeem units, monitor portfolios from mobile devices, and access equities listed on the Dar es Salaam Stock Exchange (DSE).