DSE lists first regional ETF

DAR ES SALAAM: THE Dar es Salaam Stock Exchange (DSE) has officially listed East Africa’s first regional Exchange Traded Fund (ETF), the I-Trust EAC Large Cap ETF, marking a milestone in the country’s capital markets.

The Capital Markets and Securities Authority (CMSA) Chief Executive Officer, Nicodemus Mkama, said at a bell-ringing ceremony yesterday that iTrust’s ETF recorded a success rate of 540 per cent, raising 54.03bn/- against a target of 10bn/-.

The new ETF provides investors across the region with diversified exposure to top-performing East African companies through a single instrument. Since its listing, the share price has risen from 1,064/- to 1,200/-.

He added that 99.44 per cent of the investors were individual (retail) investors, while 0.56 per cent were corporate and institutional investors.

“Of the investors, 99.75 per cent were local, while just 0.25 per cent were foreign,” he said.

DSE Chief Business Development Officer, Emmanuel Nyalali, said they would continue improving market infrastructure, enhancing disclosure standards and introducing innovative products that meet investor expectations.

“The successful listing of the ETF is widely viewed as a strong signal of momentum in Tanzania’s capital markets as the country enters 2026,” he said.

iTrust CEO Faiz Arab said the listing is an important step toward strengthening capital markets, expanding regional investment opportunities and building a strong, inclusive, investment-driven economy.

The fund’s initial offer, between last November and December, collected 54bn/- in a single month, more than five times its 10bn/- target.

As of yesterday, the fund’s Net Asset Value (NAV) had increased from 1,000 to 1,064/-, representing a growth of 6.49 per cent