CMSA launches capacity building programme
CMSA acting chief executive officer Nicodemas Mkama.
What you need to know:
- The CPD, which is the first in East Africa, will start with effect from January, 2020 in the country. It is also part of implementation of the East African common market protocol, which has been adopted by the East African Securities Regulatory Authority (EASRA).
Dar es Salaam. Capital Markets and Securities Authority (CMSA) in collaboration with Chartered Institute for Securities and Investments (CISI) has launched a Capital markets Professional Development Programme (CPD), which will help build capacity of professionals in their respective areas.
The CPD, which is the first in East Africa, will start with effect from January, 2020 in the country. It is also part of implementation of the East African common market protocol, which has been adopted by the East African Securities Regulatory Authority (EASRA).
CMSA acting chief executive officer Nicodemas Mkama said the CPD will enable professionals to increase their financial services expertise across the bloc and capital markets at large.
“The CPD will help Tanzania’s professionals to develop management skills and increase their decision making capacities with higher personal integrity,” he said.
Mr Mkama said capital market stakeholders such as brokers and other workers will be provided with licences after completing the course and they will need to renew them annually.
“For them to be recognised, they must use 10 hours to study the programme in every year,” he said.
According to the global director in the CISI, Mr Kevin Moore, the knowledge will help professionals to protect investors’ interests for market sustainability.
The programme will enable them to study through different organised events, including CISI TV and online magazines, which are available on CISI websites.
He said the financial sector needs trust, openness, honest, transparency and fairness, adding that the CPD was a systematic means whereby professionals could continuously update their skills and knowledge.
For his part, the chairman of CMSA, Mr Emmanuel Kakwezi, said the programme will provide an opportunity for capital market players and professionals to improve their knowledge.
He further noted that the programme is crucial for development of a robust capital market industry, which will ultimately fuel economic growth.
