The Minister of Finance, Ambassador Khamis Mussa Omar (Mb), has presented awards to the winners of the Capital Markets Competition for University and Higher Education Institution Students and certificates to graduates of the Capital Markets Executive Training Program who meet international standards, an event held at the Bank of Tanzania (BoT) Auditorium, in Dar es Salaam.
Minister Omar said the Government continues to implement the Financial Sector Development Master Plan 2020/21–2029/30, which aims to increase financial inclusion and strengthen the protection of financial services users.
He said that success has begun to be seen, where as of December 2025, the value of investments in capital markets and securities has reached 63.15 trillion shillings, while sales of shares and bonds reached 6.9 trillion shillings.
The government hopes to use the capital markets sector as an important means of raising funds to finance development projects and empower Tanzanians to own their economy, in line with the implementation of the National Development Vision 2050.
He commended CMSA for its innovative strategies that led to the launch of seven key financial products, including Green Bonds, Gender Bonds (NMB Jasiri Bond), Community Bonds (NMB Jamii Bond) and Shariah-compliant Sukuk, which have contributed significantly to financing development projects in the country.
Ambassador Omar also commended the high participation of 28,393 students in the capital markets competition, exceeding the target of 20,000 participants, equivalent to a success rate of 142 percent.
He said that the competition has placed Tanzania on the map of East and Southern Africa as a model country in capital markets education using modern technologies.
Ambassador Omar congratulated the 95 graduates of the Capital Markets Executive Training Program, who received internationally recognized training through CMSA’s partnership with the Chartered Institute for Securities and Investment (CISI) in London, emphasizing that the graduates will help increase professionalism and competitiveness in the capital markets sector in the country.
The Minister concluded by encouraging CMSA and its stakeholders to continue educating the public about capital markets, strengthening systems for handling customer complaints in a timely manner, and ensuring that financial market rules and regulations are properly observed.
“Capital markets are the engine of growth in modern economies.
It is my belief that you who received certificates today will be the catalyst for development in this important sector,” said Minister Omar before presenting awards and certificates to the winners and graduates.
The Chief Executive Officer of the Capital Markets and Securities Authority (CMSA), CPA Nicodemus Mkama, said that the Authority will continue to promote innovation and professional development in the capital markets sector to increase public participation and stimulate national economic growth.
He said the competition is an important part of the implementation of CMSA’s role to educate the public about capital markets and build the capacity of professionals in the sector.
CPA Mkama explained that the competition involves two main parts, a quiz competition and an essay competition, with the aim of building understanding of investment and the use of capital markets among university students and higher education institutions.
“89 participants who scored high marks were recognized, and among them, 12 top winners (6 boys and 6 girls) will get the opportunity to go on a training tour to Nigeria.
The top three winners were awarded cash prizes ranging from three million to five hundred thousand shillings, while all participants were given certificates, T-shirts and caps with the CMSA logo,” said CPA Mkama.
He said that CMSA has put in place a system to encourage winners to become real investors by investing one-third of their prize money in stocks or mutual funds.
He cited the example of participants in previous years who invested 10 million shillings, which has now increased to more than 125 million shillings, equivalent to an increase of more than 1,100 percent.
The event was attended by various leaders including the Deputy Governor of the Central Bank, Dr. Yamungu Kayandabila, Chairman of the Board of the Capital Markets and Securities Authority (CMSA), Mr. Lucas Mwimo, Chief Executive Officer of CMSA, CPA. Nicodemus Mkama and representatives from the United Nations, the European Union, and financial institutions in the country.
