New Regional ETF Listing on DSE Supports East African Community Finance
What happened
The Zan Timiza Exchange-Traded Fund (ETF) was listed on the Dar es Salaam Stock Exchange. This fund is the first regional ETF to use a fund-of-funds structure to invest in East African Community collective investment schemes. During its initial offering, the fund raised 9.46bn/- against a target of 5bn/-, with individual investors accounting for 99 per cent of subscriptions.
From dailynews.co.tz
Why it matters
The listing aims to broaden public participation in capital markets and strengthen the role of capital markets in mobilizing long-term financing. Officials stated the achievement supports the Financial Sector Development Master Plan by promoting a savings culture and increasing market liquidity.
The East African Community is focused on advancing regional integration efforts.
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Who's involved
- East African CommunityThe regional bloc whose collective investment schemes the ETF invests in.
- Dar es Salaam Stock ExchangeThe stock exchange where the Zan Timiza ETF was listed.
- Ministry of FinanceThe government agency whose master plan the listing supports.
- TanzaniaThe country where the ETF was listed and domestic savings are mobilized.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- East African CommunitySpeculative
Regional capital liquidity might increase through the EAC collective investment schemes.
- UgandaSpeculative
The country might see increased regional capital liquidity via the EAC collective investment schemes.
- RwandaSpeculative
The country might see increased regional capital liquidity via the EAC collective investment schemes.
- KenyaSpeculative
The country might see increased regional capital liquidity via the EAC collective investment schemes.
Keep exploring
Part of
East African Community regional integration and expansion effortsAlso in this story
- Farmers in East Africa appeal to the East African Community (EAC) regarding regional issues.
- EAC member states, including Tanzania and Somalia, hosted joint CIMIC initiatives and outreach efforts in Dar es Salaam.
- The East African Community (EAC) has expanded its membership, welcoming several new member states.
- Kiir established a committee chaired by an EAC minister.
The entities involved
-
East African Community
intergovernmental bloc
-
Dar es Salaam Stock Exchange
stock exchange located in Dar es Salaam, Tanzania
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