UNIVERSITY of Dar es Salaam School of Business has come with a quarterly stakeholders meeting aimed to increase financial, banking and investment awareness among member of the public.
The quarterly meetings that are to discuss issues around finance came after realizing a growing gap between service providers and public for an area regarded as the blood line of any economy.
Dr Tobias Swai, the Head, Department of Finance of Business School said during the banking, finance and investment forum that the second quarterly meeting will be held this Friday at the University’s conference room.
“Some 200 participants have already confirmed their participation; the conference room has a capacity of 250 seats,” he told reporters yesterday at the Business School faculty.
He said the Friday meeting will discuss three papers that will be presented on the impact of the Covid-19 to the economy, dwelling on before and after the pandemic.
The Covid-19 paper have analysed data obtained from banks quarterly financial statements on ten quarters before and after March 2020.
“Bank is the blood of the economy like agriculture is the backbone, but is not analysed accordingly to enable the society to understand it’s direction for benefits of individual and the country,” Dr Swai, who is also senior lecturer, said.
Also the meeting will discuss cryptocurrency related issues on its importance to the society based on comparing what is happening in neighbouring countries.
“We cannot escape the fact that some people in our society are using and some have invested on them…the idea is to determine best way forward,’ he said.
Mr Godsaviour Christopher, an Assistant Lecturer – Finance I’d Business School said the meeting will discuss both cryptocurrency and central bank digital currency.
“The one which is risky and difficult to regulate is cryptocurrency, the like of Bitcoin, but digital currencies are easier since are regulated by central banks,” he said.
The other paper is ‘The Role for DSE on Capitalizing Companies: Where We Come From and Heading’. Zan Securities, which is also the main sponsor, will present the paper.
Zan Securities’s Isaac Lubeja said they are looking ahead on the meeting, since the bourse education and people better understanding stock market operations will increase not only trading but company sourcing capitals.
Another sponsor is SAEMA Group, whose Chief Executive Officer, Mr Mathias Mtweve said after participating in the first meeting, they saw the need to continue sponsoring such events, as part of their corporate social responsibility.
The forum’s birth came after UDSM celebrated 60 years since it was established and saw the financial literacy gap in the society.
The forum will consider the role of banking, finance, investment, non-banking sector, insurance and legal and regulatory aspects in the country. The aim is to seek and identity various issues which are important to accelerate access to finance and sustainable investments
