ACI FMA supports TZ financial market growth
DAR ES SALAAM: ACI Financial Market Association (ACI FMA) Tanzania has reiterated its commitment to strengthening the country’s financial markets, positioning them as a key driver of sustainable economic growth and national development.
The Association’s President Mr Farid Yahya Ally made the remarks during an iftar over the weekend that the association will continue to work closely with key stakeholders to promote professionalism, enhance market integrity and support initiatives that deepen the country’s financial markets.
“Through continued collaboration with regulators, policymakers and industry participants, we will continue to support initiatives aligned with this country’s long-term development objectives, including the aspirations of DIRA 2050, which aims to build a one-trillion-dollar economy,” said Mr Ally.
ALSO READ: Five regions see benefits of TAZA power interconnection as it nears completion
The gala featured a panel discussion on the progress and challenges facing Tanzania’s financial markets and brought together market participants, policymakers and regulators. The iftar served as an important platform for dialogue and engagement among market participants, policymakers and regulators.
The discussions focused on identifying ways to bridge existing institutional gaps and enhance collaboration in shaping a well-functioning and resilient financial market environment.
During the discussions, participants highlighted several challenges affecting the financial markets sector, including limited product diversification, complex regulatory onboarding processes and the dominance of bank-led financing.
Responding to the concerns, the Dar es Salaam Stock Exchange (DSE) Chief Executive Officer Mr Peter Nalitolela said that while Tanzania’s capital markets continue to grow, retail investor awareness remains limited.
He stressed that despite the number of Central Depository System (CDS) accounts remaining relatively low, the market has recently seen an increase in new investors entering the bourse.
“While more investors are showing interest in the market, persistent challenges remain, including limited product diversity and market preparedness to accommodate growing investor participation,” said Mr Nalitolela.
He observed that Initial Public Offerings (IPOs) have slowed not only in this country but also globally, reflecting broader market trends.
However, he emphasised that Tanzania is gradually transitioning from a government-led economic model towards a stronger public-private sector-driven economy, a shift that is beginning to yield positive momentum in both capital and equity markets.
Meanwhile, President of ACI FMA Global Mr Rui Correia stressed that the association will introduce a scholarship programme for women in Africa, focusing on supporting female professionals in the financial markets sector.
He emphasised that the association places strong value on knowledge sharing and professional development within the financial market’s community. “For us, education is not just about obtaining certificates.
It is about sharing expertise, knowledge and experiences across different areas of the financial markets,” he added.
