TSL LAUNCHES COLLECTIVE INVESTMENT SCHEMES TO EXPAND OPPORTUNITIES FOR TANZANIANS

Dar es Salaam, Tanzania — Tanzania Securities Limited (TSL) has marked another significant milestone after launching two innovative collective investment schemes — Imara Fund and Kesho Tulivu Fund — aimed at expanding investment opportunities and strengthening financial inclusion in Tanzania.

The new funds are designed to enable more Tanzanians to participate in the country’s growing capital markets while promoting a stronger culture of saving and investing.

Encouraging a National Culture of Saving and Investing

The launch event was officiated by the Governor of the Bank of Tanzania, Emmanuel Tutuba, who was represented by Emmanuel Akaro.

Speaking during the event, Akaro said the Imara Fund and Kesho Tulivu Fund provide structured opportunities for citizens to participate more actively in the capital markets.

He urged Tanzanians to embrace responsible saving and investing habits as a pathway to long-term financial stability.

“Financial literacy is the foundation of personal and national prosperity. When individuals understand how to save, invest, and manage risk, they are better equipped to secure their future and contribute meaningfully to economic growth,” he said.
“A nation that invests wisely builds wealth not only for today, but for generations to come.”

Two Funds, One Goal: Empowering Investors

TSL Chief Executive Officer George R. Shumbusho explained that while the two funds differ in design, they share a common objective — empowering Tanzanians to grow, protect, and plan their wealth with confidence.

Imara Fund

The Imara Fund is an open-ended investment scheme designed to offer:

• High liquidity
• Low-risk investment profile
• Short-term capital growth

The fund primarily invests in a diversified portfolio of debt instruments, making it suitable for investors seeking flexibility and the ability to access their funds easily while still benefiting from professional fund management and strong risk controls.

Kesho Tulivu Fund

The Kesho Tulivu Fund, on the other hand, focuses on long-term wealth creation, particularly for retirement planning.

Key features include:

• Flexible investment horizons of 5, 10, or 15+ years
• Competitive long-term returns
• Convenient options such as automatic payroll deductions
• Flexible payout options including monthly, quarterly, annually, hybrid, or deferred returns

According to Shumbusho, the fund is designed to help Tanzanians build sustainable financial security for the future.

Over Three Decades of Capital Market Leadership

For more than 30 years, Tanzania Securities Limited has played a leading role in developing Tanzania’s capital markets through a commitment to discipline, integrity, and strong performance.

Currently, the firm manages over TZS 100 billion in Assets Under Management (AUM) and serves more than 400 fund management clients.

TSL also oversees:

• 50,486 CDS accounts
• 19,489 Mobile Trading Platform clients

These figures reflect growing investor confidence in both traditional and digital investment channels.

CMSA Applauds Innovation in the Capital Market

A representative from the Capital Markets and Securities Authority (CMSA), Alfred Mkombo, commended TSL for reaching this milestone and reaffirmed the regulator’s commitment to building a resilient and inclusive capital market.

He emphasized that regulated collective investment schemes play a crucial role in widening access to investment opportunities while maintaining strong investor protections.

“The introduction of regulated Collective Investment Schemes reflects how innovation can expand access to investment opportunities while maintaining proper safeguards,” he said.
“A well-regulated market does not restrict growth; it enables it. It builds credibility, attracts participation, and supports national economic development.”

About Tanzania Securities Limited

Tanzania Securities Limited is licensed by the Capital Markets and Securities Authority (CMSA) as a broker-dealer, fund manager, and investment adviser.

The firm is also a Licensed Dealing Member of the Dar es Salaam Stock Exchange (DSE) and an approved primary dealer of Government Securities, including Treasury Bills and Treasury Bonds.