DSE, NMG partner to host Tanzania Financial Market Summit
Mwananchi Communications Limited (MCL) acting managing director, Mr Victor Mushi (left), and the Dar es Salaam Stock Exchange (DSE) chief executive officer, Mr Peter Nalitolela (right), sign a Memorandum of Understanding (MoU) to jointly host Tanzania Financial Markets Summit, during an event held at MCL’s headquarters in Tabata Relini in Dar es Salaam on Friday, February 14, 2025. PHOTO|SUNDAY GEORGE.
What you need to know:
- The agreement, signed on Friday, February 14, at the Mwananchi Communications Limited (MCL) offices, establishes the summit as a premier platform for policymakers, investors and industry leaders to discuss Tanzania’s evolving financial landscape
Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) and Nation Media Group (NMG) have signed a partnership agreement to organize the Tanzania Financial Markets Summit (TFMS).
The agreement, signed on Friday, February 14, at the Mwananchi Communications Limited (MCL) offices, establishes the summit as a premier platform for policymakers, investors and industry leaders to discuss Tanzania’s evolving financial landscape.
The summit aims to drive strategic collaboration, foster innovation, and position Tanzania as East Africa’s leading financial hub.
Speaking at the signing ceremony, DSE chief executive officer, Peter Nalitolela, said the partnership will play a crucial role in encouraging more people to invest in the stock market.
“We are hoping that this summit will help us reach a broader audience and encourage more members of the public to invest,” he said.
Mr Nalitolela appreciated the importance of working with NMG, citing the media group’s high level of professionalism and extensive coverage of business and financial news.
“When this opportunity arose, we were excited to collaborate with NMG because of their reputation for delivering quality business reporting, particularly in the financial markets,” he noted.
He also commended NMG for successfully transitioning from traditional media to a strong digital presence, aligning with DSE’s digital transformation efforts.
“One thing I appreciate about NMG is that while they started as a traditional media house, they have expanded into the digital space. That aligns with our direction as an exchange, as we push our digital platforms to educate and attract more investors,” he added.
MCL acting managing director, Mr Victor Mushi, underscored the summit’s role in enhancing public knowledge about investment and stock trading.
“For us, this summit is of great value because it ties into our core mission at MCL—empowering the nation,” said Mr Mushi who inked papers on behalf of NMG.
“Information is our currency, and by providing insights into the stock and equity markets, we can help people understand the investment opportunities available to them,” he added.
Mr Mushi further noted that the partnership will provide an opportunity to educate the public on how investing in DSE can help secure their financial future.
“This collaboration will be instrumental in clarifying key aspects of the stock market, including price fluctuations and investment strategies. Many people do not fully understand how the stock market works, and this initiative will help bridge that knowledge gap,” he said.
The date for the Tanzania Financial Markets Summit will be announced later.
However, the event is expected to attract a wide range of stakeholders and contribute significantly to increasing financial literacy and investment participation in the country.
