DODOMA: Tanzania’s Vice-President Emmanuel Nchimbi has called on the Dar es Salaam Stock Exchange (DSE) to accelerate innovation and expand its investor base as the country pursues its ambition of building a $1 trillion economy by 2050.
During talks with DSE Chief Executive Peter Nalitolela in Dodoma, Nchimbi said capital markets must play a central role in mobilising long-term financing for infrastructure, manufacturing and emerging industries.
“Robust, transparent and innovative financial markets are essential to achieving our development goals,” he said.
The DSE’s market capitalisation stands at approximately 31.9 trillion Tanzanian shillings, with nearly 779,000 registered investors.
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Officials say further product diversification and digital solutions could increase participation and deepen liquidity.
The exchange plans to expand investor education initiatives and introduce new instruments to widen access to capital for businesses.
The government believes that stronger capital markets could reduce reliance on external borrowing and position Tanzania more competitively within regional blocs such as the East African Community and the Southern African Development Community.