The Capital and Securities Marketing Authority (CMSA) said in 2024 there has been significant achievements that have also enabled investment value in capital markets to increase by 24.7 percent to Shs. 46.7 trillion in the period ending December 2024, compared to Shs. During the period ended in December 2023.
Also the value of investment in the shares of the companies listed in the stock market has increased 22.3 percent to Shs. 17.87 trillion in the period ending December 2024, compared to Shs.
In addition, the value of joint investment funds has increased by 41.6 percent to shillings 2.6 trillion in the period ending December 2024, compared to Shs. 1.8 trillion in the period ending December 2023.
The achievement was stated today on February 26,2025 in Dar es Salaam by the Chief Executive Officer of the Capital Markets and Guarantee Authority (CMSA), CPA. Nicodemus Mkama while giving an evaluation of the capital market performance for 2024.
“CMSA is responsible for developing and managing capital markets in the country, including facilitating the delivery of new and creative products that attract domestic and international investors. In fulfilling this role, in the period 2024, capital markets have achieved success. ”
He mentioned some of the other achievements that have been achieved are the presence of new and creative products where he said in 2024 it has witnessed the delivery of new and creative products that attract domestic and international investors.
He explained, for example, the Green Public Institute of Public Authority issued by the Tanga (Tanga-UWASA) environment for implementing water infrastructure and environmental infrastructure projects, which collected Shs. 54.72 billion, and crossing the target of collecting shillings 53.2 billion, equivalent to 103 percent achievements
In addition, the Samia Infrastructure Certificate issued by CRDB Bank collected Shs.
He said the funds were expected to enable local contractors working with the Tanzania Rural and Urban Roads Agency (TARURA), implementing rural and urban road infrastructure projects.
In addition, we are not binding for the development of small and medium entrepreneurial companies (SMEs) issued by Azania Bank, of which Shs. 63.3 billion has been achieved, equivalent to a success of 210.9 percent.
Also, we do not cover the Sukuk type issued by Itrust Finance, for investing in small and medium -sized businesses that meet Shariah's foundations, of which Shs. DCB Bank qualifications worth Shillings 10.74 billion, of which these sales have achieved 100 percent.
The CPA.MAKA also said that in 2024, it has witnessed a great awareness of new and creative products in joint investment funds, thus setting a broad spectrum of investment opportunities for Tanzanians of various fields, including youth, women and special groups.
“CMSA approved the investment funds run by Itrust Finance Limited, where five new pockets were launched – Isave, Icash, Imaan, Iincome, and Igrowth.
“Also, Zan Securities and Orbit Securities launched the Timiza and Intellect Funds, with Alpha Capital introducing the Halal Fund. In addition, Sanlam Investments East Africa launched the Suts – Sanlam Unit Trust Scheme, including Sanlam Money Money Market Fund and US Dollar Fixed Income Fund.
“As a result of these efforts, the value of joint investment funds (NAV) increased by 41.63 percent, from shillings 1.84 trillion in 2023 to shillings 2.61 trillion by 2024. The capital and the use of digital systems, which has facilitated access to urban and rural capital markets. ”He said.
Regarding the use of information and communication technology he said it has played a major role in increasing sales in the stock market. The use of information technology, including the use of mobile phones has increased the involvement of local investors, thus increasing liquidity in the stock market..jpeg)
He explained in 2024, 24.33 percent of stock sales were based on the use of information technology, compared to 4.84 percent by 2023 while urging stakeholders in capital markets to partner with CMSA in the financial year 2025/2026 to implement various strategies.
He mentioned some of the strategies to increase efforts to implement the Public Education Strategic Plan on the opportunities and benefits available to capital markets, including providing various publications in the newspapers.
Also participating in radio and television interviews, providing seminars, workshops and conferences for various groups, including youth, women and disabled. Today's event organized by Vertex International Securities is part of the implementation of the strategy.
The other is to increase the number of products, where the authorities will continue to provide guidelines for the delivery and management of new products and services and services.
It also strengthens the use of technology in providing capital markets, where CMSA will review and approve digital systems that facilitate greater public involvement in capital markets.
“This initiative is expected to increase the participation of urban, rural, capital markets, thus contributing to the implementation of the National Third National Strategic Plan. Good and satisfying growth…
“Focus on the provision of new and creative products, the use of information and communication technology, the public education that brought great awareness to domestic and international investors. The Capital and Securities Marketing Authority (CMSA) will continue to implement strategies aimed at shaping and building the economy competition for human development, ”said CPA.
