ACI FMA Tanzania has reaffirmed its commitment to supporting the sustainable growth of Tanzania’s financial markets and contributing meaningfully to the broader development of the national economy.
This was revealed by the Association’s President, Mr. Farid Yahya Ally, during an iftar gala held in Dar es Salaam over the weekend. The event featured a panel discussion on the progress and challenges facing Tanzania’s financial markets and brought together market participants, policymakers, and regulators.
“Through continued collaboration with regulators, policymakers, and industry participants, the Association will continue to support initiatives aligned with Tanzania’s long-term development objectives, including the aspirations of DIRA 2050, which aims to build a one-trillion-dollar economy,” said Mr. Ally.
Addressing distinguished representatives from the Bank of Tanzania, the Dar es Salaam Stock Exchange, and Heads of Global Markets from leading banking institutions, Mr. Ally noted that as a professional body representing financial markets practitioners, ACI FMA Tanzania recognises its critical role in strengthening the development and integrity of Tanzania’s financial markets.
“Strengthening partnerships with policymakers and regulators remains central to our mission of promoting best market practices and ensuring that Tanzania continues to provide a conducive environment for both local and international investors,” he said.
The iftar served as an important platform for dialogue and engagement among market participants, policymakers, and regulators. The discussions focused on identifying ways to bridge existing institutional gaps and enhance collaboration in shaping a well-functioning and resilient financial market environment.
During the discussions, participants highlighted several challenges affecting the financial markets sector, including limited product diversification, complex regulatory onboarding processes, and the dominance of bank-led financing.
He noted that although the number of Central Depository System (CDS) accounts remains relatively low, the market has recently seen an increase in new investors entering the bourse.
“While more investors are showing interest in the market, persistent challenges remain, including limited product diversity and market preparedness to accommodate growing investor participation,” he said.
Mr. Nalitolela also observed that initial public offerings (IPOs) have slowed not only in Tanzania but also globally, reflecting broader market trends.
However, he emphasised that Tanzania is gradually transitioning from a government-led economic model towards a stronger public-private sector-driven economy, a shift that is beginning to yield positive momentum in both capital and equity markets.
Meanwhile, Mr. Rui Correia, President of ACI FMA Global, announced that the association will introduce a scholarship programme for women in Africa, aimed at supporting female professionals in the financial markets sector.
He emphasised that the association places strong value on knowledge sharing and professional development within the financial markets community.
“For us, education is not just about obtaining certificates. It is about sharing expertise, knowledge, and experiences across different areas of the financial markets,” he added.
seb
ACI FMA Tanzania is a non-profit organisation operating under the umbrella of ACI FMA Global. The association promotes best market practices by providing financial markets practitioners with access to training, professional engagement opportunities, and internationally recognised certifications.
Dar es Salaam Stock Exchange (DSE), Chief Executive Officer, Mr. Peter Nalitolela (right), ACI FMA Global President, Mr. Rui Correia and ACI FMA Tanzania President, Mr. Farid Yahya Ally, serving iftar dinner at an occasion hosted by ACI FMA Tanzania in Dar es Salaam yesterday. The gathering brought together market participants, policymakers, and regulators to strengthen collaboration and promote a resilient financial market environment in the country. ACI FMA Tanzania is a non-profit organisation that promotes best market practices by providing financial markets practitioners with training, professional engagement, and certifications.
ACI FMA Tanzania President, Mr. Farid Yahya Ally, addresses participants during an iftar dinner in Dar es Salaam yesterday. The gathering brought together market participants, policymakers, and regulators to strengthen collaboration and promote a resilient financial market environment in the country. ACI FMA Tanzania is a non-profit organisation that promotes best market practices by providing financial markets practitioners with training, professional engagement, and certifications.
ACI FMA Tanzania President, Mr. Farid Yahya Ally (right), exchanges views with ACI FMA Global President, Mr. Rui Correia (left), and Bank of Tanzania Senior Financial Analyst, Mr. Stanslaus Shenyali, during an iftar dinner hosted by ACI FMA Tanzania in Dar es Salaam yesterday. The gathering brought together market participants, policymakers, and regulators to strengthen collaboration and promote a resilient financial market environment in the country. ACI FMA Tanzania is a non-profit organisation that promotes best market practices by providing financial markets practitioners with training, professional engagement, and certifications.
A cross-section of invited guests during the iftar dinner hosted by ACI FMA Tanzania in Dar es Salaam yesterday. The gathering brought together market participants, policymakers, and regulators to strengthen collaboration and promote a resilient financial market environment in the country. ACI FMA Tanzania is a non-profit organisation that promotes best market practices by providing financial markets practitioners with training, professional engagement, and certifications.
ACI FMA Tanzania President, Mr. Farid Yahya Ally (eighth from left), ACI FMA Global President, Mr. Rui Correia (sixth from left), ACI officials and other invited dignitaries pose for a group photograph after an iftar dinner hosted by ACI FMA Tanzania in Dar es Salaam yesterday. The gathering brought together market participants, policymakers, and regulators to strengthen collaboration and promote a resilient financial market environment in the country. ACI FMA Tanzania is a non-profit organisation that promotes best market practices by providing financial markets practitioners with training, professional engagement, and certifications.
