DAR ES SALAAM: DAR ES SALAAM Stock Exchange (DSE) has reintroduced the Members Awards after a four-year hiatus caused by the Covid-19 pandemic where the Twiga Cement emerges as the best listed company of the year.
This year, the annual awards introduced in 2016, the focus was on the future, one shaped by Environmental, Social and Governance (ESG) principles.
DSE Chief Executive Officer Mr Peter Nalitolela said the focus on ESG this year was to show that companies have a responsibility not only to their shareholders but also to the communities and ecosystems around them.
Mr Nalitolela said investment should not focus solely on short-term profits; organisations must have a broader vision that priorities sustainable practices benefiting both the environment and society.
This year’s DSE Members Awards covered a wide range of contributions to sustainable capital markets, spanning ten categories.
The ten categories are including Best listed company in both main investment market (MIM) and enterprise growth market (EGM) segments and best bond dealer of the year, best stock broker of the year, best upcoming stock broker of the year and best custodian bank of the year.
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Others are best nominated advisor of the year, best bond issuer of the year and best commercial services company of the year.
Orbit Securities emerged as the best stockbroker followed by Tanzania Securities and Zan Securities while the best upcoming stockbroker award went to I Trust Finance while the best nominated advisor was Orbit Securities.
NMB Bank emerged a winner of the best custodian bank of the year followed by Stanbic Bank Tanzania, Standard Chartered Bank and CRDB Bank. Furthermore, the best bond dealer of the year was Absa Bank Tanzania followed by the two giant banks of NMB and CRDB.
The International Finance Corporation (IFC) Country Manager, Ms Martine Valcin, said the government is addressing climate change through an inclusive, forward-thinking approach.
“Tanzania has become a leading advocate for a comprehensive public and private response to climate change one that includes women, youth and rural communities, strengthens food security, accelerates the transition to clean energy and preserves natural resources for future generations,” she said.
Financial Sector Deepening Tanzania (FSDT) Chief Executive Officer Mr Eric Massinda said the FSDT is focused on empowering underserved groups by reinforcing the financial system.
“We are focused on improving livelihoods and bolstering resilience, especially for women, youth, farmers and micro, small and medium enterprises,” he said.
