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The Dar es Salaam Stock Exchange (DSE) hosted Day 2 of the 13th Building African Financial Markets (BAFM) Forum, focusing on capital market integration, digital innovation, and the role of youth as investors.
Key discussions included the expansion of the African Exchange Linkage Project (AELP) Phase II, which aims to enhance cross-border financial connectivity across Africa.The forum highlighted Tanzania's growing interest in Sukuk financing, with over USD 260 million allocated for infrastructure projects.Digital innovation was a central theme, with emphasis on blockchain technology and fintech solutions to improve financial inclusion.
The youth population, estimated at 60% under 25, was identified as a critical driver for Africa's capital markets, with the DSE noting increased retail participation in green finance products.The week's equity turnover surged by 277.74% to TZS 185.07 billion, driven by strong performances from KCB, TOL, and DCB.Meanwhile, the bond market showed a slight decline, with turnover easing by 10.79% week-on-week.
The forum also addressed challenges such as regulatory harmonization and attracting foreign investment, with stakeholders calling for policy reforms to boost market confidence.
Overall, the discussions underscored Tanzania's strategic role in Africa's financial integration and the potential of digital tools to transform investment landscapes.
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