DSE, TIOB to promote capital market literacy

DAR ES SALAAM: THE Dar es Salaam Stock Exchange (DSE) has signed a Memorandum of Understanding (MoU) with the Tanzania Institute of Bankers (TIOB) to promote capital market literacy and foster greater public participation in financial markets.

The agreement aims to boost the financial inclusion by setting several key objectives include harnessing technology to boost participation in capital markets and incorporating stock market-related content into TIOB’s training programmes.

Through this, individuals are empowered to make informed decisions about their finances, reducing vulnerability to economic shocks and predatory practices.

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The DSE Chief Executive Officer Mr Peter Nalitolela said yesterday that the partnership aims to empower individuals with the knowledge and tools needed to navigate the financial landscape effectively.

“This marks a significant step toward addressing critical issues in the financial sector, with a strong focus on improving financial literacy and fostering greater public engagement in capital markets,” said Mr Peter Nalitolela during the signing ceremony.

Tanzania’s capital markets have experienced notable growth and development in recent years.

TIOB’s Executive Director, Mr Patrick Mususa said the collaboration’s focus on professional development initiatives related to capital markets.