Tanzania has successfully raised Sh263 billion through its first offshore bond denominated in Tanzanian shillings, listed on the London Stock Exchange.

The $100 million bond, issued by the International Finance Corporation (IFC), marks a significant milestone in the country's engagement with international capital markets.

The funds will be used to expand financing for micro, small, and medium-sized enterprises (MSMEs), with 20% allocated to support women-owned businesses.

Finance Minister Ambassador Khamis Mussa Omar highlighted the achievement as a new chapter in Tanzania's efforts to access global capital markets and align with Vision 2050.The bond's listing enhances Tanzania's reputation among investors and strengthens its ability to secure favorable financing terms.NMB Bank Plc, which received the funds, aims to boost private sector growth and job creation.World Bank Vice President Jorge Familiar emphasized the potential for economic and social benefits, including job creation for women.This milestone underscores Tanzania's commitment to inclusive economic growth and financial sector reforms.