ARUSHA - September 28, 2026: Stanbic Bank Tanzania has said recent reforms in Tanzania’s capital markets are creating new opportunities for public institutions to access long-term financing for national development projects.
The bank made the remarks as the fourth Chairpersons and CEOs Forum opened on Monday, September 28, 2026, at the Arusha International Conference Centre (AICC), bringing together more than 700 board chairpersons and chief executives of public institutions.
The forum is being held under the theme: “High Performing State-Owned Enterprises for a Competitive, Inclusive and Resilient Economy, Advancing Dira 2050.”
Stanbic Bank said Tanzania has taken significant steps this year to deepen and strengthen its financial markets, including opening government securities to foreign investors and introducing a Sovereign Yield Curve to improve transparency in the pricing of long-term investments.
On August 6, 2026, the Bank of Tanzania announced that Treasury bills and government bonds, which were already available to Tanzanian investors, had also been opened to foreign investors through approved Central Depository Participants.
The following day, Bank of Tanzania Governor Emmanuel Tutuba launched the Sovereign Yield Curve, providing daily pricing benchmarks for government securities with maturities of up to 25 years. He also announced the full liberalisation of Tanzania’s capital account.
The Government has further indicated plans for public institutions to list on the Dar es Salaam Stock Exchange (DSE), creating an opportunity for Tanzanians to own shares in institutions that provide essential services.
According to Stanbic Bank, the reforms come against the backdrop of significant growth in public investment. Government investment in public institutions increased from approximately TZS 67.7 trillion in 2020/21 to TZS 92.3 trillion in 2024/25.
The bank said reforms led by the Office of the Treasury Registrar have also strengthened accountability, efficiency and returns on public investment.
For public institutions, Stanbic said, a deeper capital market provides additional avenues for raising long-term funding.
The Sovereign Yield Curve, for example, provides issuers with a transparent benchmark for pricing long-term bonds, while the participation of regional and international investors expands the pool of capital available alongside Tanzanian pension funds, insurance companies, banks and individual investors.
“Dira 2050 sets out a clear ambition for Tanzania to become an upper middle income country with a one trillion-dollar economy by 2050. Public institutions are central to that journey, in energy, transport, water, finance and beyond,” said Elias Ngunangwa, Head of Client Coverage, Corporate & Investment Banking at Stanbic Bank Tanzania.
“Government’s reforms are creating a stronger environment for investment and long-term capital. As financial institutions, our responsibility is to bring our expertise, our networks and our balance sheet alongside that national ambition. We are proud to work with Government in delivering it,” he said.


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