There is need to boost capital market climate

NIC Bank Tanzania will benefit from Tzs 8.5 Billion of additional capital from the Bank’s shareholders. The funds will be disseminated in two tranches of Tzs 5.8B with the injection of additional capital from NIC Bank Kenya already done in December 2013, with the Tzs 2.7B balance from the other local shareholders of NIC Bank Tanzania expected within a period of 6 months but no later than June 2014.

“A growing financial need in this market has required that NIC Bank Tanzania further grow...

There are two major encouraging statements that came to our attention recently, these statements came from the government: (i) the possibility of repossession of previously privatised state owned entities that were sold to some investors; and (ii) state owned entities, agencies and parastatals are now required to refocus on becoming more efficient and raise their financial needs from the local financial market.

>Privatisation is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to the private sector.

NIC Bank Tanzania has received Sh8.5 billion additional capital from its shareholders as the four-year old financial entity seeks to augment its lending capacity to incorporate Small and Medium Enterprises (SMEs) customer segments.

Daily News
Dar to lift capital market controls
Daily News
TANZANIA will ease controls on foreign ownership of its stocks and bonds by next year, as the country seeks to attract investment to finance infrastructure projects that will cost billions of dollars, President Jakaya Kikwete said. Restrictions that bar ...
Kenya's neighbours seek funding adviser for $4 billion railwayThe Standard Digital News
Tanzania's president signals waning patience with RwandaBlouin News Blogs (blog)
Congolese...

-Angola announced the launch of sovereign debt bonds amounting to USD $1,500,000,000

Angola announced the launch of sovereign debt bonds in the international market in the form of Eurobonds, amounting to USD $1,500,000,000.00 (one thousand five hundred million US dollars), under the Executive public finance management policy, in accordance with the long-term economic and financial development programme.

Among the main benefits that this sovereign issuance may lead to are:

1. Diversification...

Over the past one-year or so there has been a steady appreciation of stock prices at our stock market which has boosted the valuation of some counters that has made investors in these companies multi-millionaires.

Since the enactment of the Capital Markets and Securities (CMS) Act, Cap. 79 of 1994 and the establishment of the Capital Markets and Securities Authority (CMSA) in 1996, there has been several developments in the Capital markets in Tanzania.

>Back in 2010 two pieces of legislation (Mining Act of 2010 and the Electronic and Postal Communication Act of 2010) were passed by our Parliament and got signed by the president with all the optimism that these laws entailed to fulfill, including some of the dream of local citizens, especially the aspect of the requirement that companies with Special Mining Licences and those operating in the telecommunication sector will be required to offer shares to the public and subsequently list on...