DSE, TPSF deepen capital market access
DAR ES SALAAM: THE private sector is set to gain wider access to long-term financing after the Dar es Salaam Stock Exchange (DSE) and Tanzania Private Sector Foundation (TPSF) renewed a partnership to boost capital raising, financial literacy and support Vision 2050.
The renewed Memorandum of Understanding (MoU) seeks to position the capital market as a key financing channel for businesses at a time when the government is implementing Vision 2050, which places the private sector at the centre of economic transformation.
Under the strategy, the private sector is expected to drive about 70 per cent of the country’s long-term development agenda, making access to sustainable and affordable financing increasingly important for businesses seeking to expand, innovate and create jobs.
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The collaboration will focus on increasing awareness among businesses on raising capital through equity and debt markets while expanding financial education programmes for entrepreneurs, investors and the wider public.
Speaking after signing the agreement in Dar es Salaam, DSE Chief Executive Officer Peter Nalitolela said the two institutions had reviewed their previous partnership to make it more responsive to the country’s evolving development priorities.
“We are fundamentally dedicated to serving the private sector. We agreed to refresh our collaboration so it delivers practical results and aligns with Vision 2050,” Mr Nalitolela said.
He said the stock exchange complements TPSF’s advocacy role by providing companies with access to longterm capital while creating investment opportunities for individuals and institutional investors.
According to him, the partnership is expected to broaden participation in the capital market, encourage more companies to consider listing as a source of business financing and promote greater use of corporate bonds and other market-based financing instruments.
TPSF Acting Chief Executive Officer Deogratius Massawe said the renewed agreement goes beyond a symbolic partnership and is backed by a concrete implementation programme, with the first joint initiatives expected to begin within four to six weeks.
“Our responsibility is to ensure private sector players understand how the Dar es Salaam Stock Exchange can support their businesses, not only through policy advocacy but also by providing practical financing opportunities,” he said.
The programmes will target TPSF members, businesses under affiliated associations and enterprises that are not yet members of the foundation through workshops, awareness campaigns and capacitybuilding sessions across the country.
The collaboration will also expand existing DSE initiatives supporting small and medium-sized enterprises, women and youth entrepreneurs by leveraging TPSF’s nationwide network, with the aim of improving access to finance, strengthening private sector participation in Tanzania’s capital markets and contributing to inclusive economic growth under Vision 2050.
