Dar es Salaam, October 27, 2026 – National Bank of Commerce (NBC Bank) is strengthening its role in Tanzania’s capital markets by serving as trustee and custodian of three new investment funds launched by iTrust Finance, offering investors exposure to Africa’s financial services, mining, telecommunications and technology sectors.
Three New ETFs Expand Investment Opportunities
The iAfrica Financials ETF, iAfrica Mining ETF, and iAfrica Telco and Tech ETF provide individual and institutional investors with access to companies listed on African stock markets through the Dar es Salaam Stock Exchange (DSE).
The funds aim to connect investors with sectors that play an important role in driving Africa’s economic growth and development.
Speaking at the launch in Dar es Salaam, NBC Managing Director Theobald Sabi said strong financial institutions were essential to protecting investors’ interests and supporting the growth of increasingly interconnected African capital markets.
“As African capital markets become increasingly interconnected, investors need strong and dependable financial institutions that can safeguard their assets and facilitate efficient, secure and cost-effective cross-border transactions,” Sabi said.
NBC Strengthens Capital Markets Infrastructure
NBC’s appointment as trustee and custodian builds on its longstanding partnership with iTrust Finance and underscores the bank’s contribution to the institutional infrastructure supporting investment products.
Its capabilities include securities custody, trustee services, registry management and collections, complemented by corporate and investment banking services.
The partnership has previously supported other investment initiatives, including the East African Community (EAC) Large Cap ETF, whose initial offer attracted TZS 54.03 billion against a target of TZS 10 billion.














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