The Permanent Secretary of the Ministry of Finance and Paymaster General, Dr. Natu El-maamry Mwamba, has called on the Capital Market Tribunal to strengthen its visibility and public engagement to ensure stakeholders are well-informed about its vital role in the financial sector.
Speaking during a meeting with the Tribunal’s Chairperson, Dr. Ntemi Kilekamajenga who also serves as the Judge in Charge of the High Court in Mwanza Dr. Mwamba emphasized the importance of raising awareness about the Tribunal’s mandate in overseeing capital market disputes.
“The Tribunal plays a crucial role in promoting fairness and professionalism within the capital markets,” said Dr. Mwamba.
“However, many stakeholders are still unaware of its existence and functions. It is time to introduce the Tribunal more publicly so that market participants know where to turn for justice.”
The Capital Market Tribunal was established under Section 136A of the Capital Markets and Securities Act, Chapter 79 (Revised in 2010), as an independent body with powers equal to those of the High Court of Tanzania.
Its core mission is to handle appeals and disputes arising in the capital markets sector, ensuring justice is delivered efficiently and professionally.
Dr. Mwamba reassured the Chairperson of the Ministry’s continued support, noting that the government remains committed to ensuring the Tribunal is empowered to fulfill its responsibilities.
“As the Ministry responsible for supervising the Tribunal, we will continue to provide the necessary support to strengthen its operations. This institution is key to maintaining integrity and investor confidence in our capital markets,” she noted.
On his part, Dr. Kilekamajenga welcomed the Ministry’s backing and acknowledged the need for greater public engagement.
“We are committed to serving the public with impartiality and professionalism. But in order to do that effectively, people must first be aware of who we are and what we do,” he said.
“We look forward to working more closely with the Ministry to enhance our outreach efforts.”
The meeting concluded with both leaders agreeing on the need for closer collaboration, with a shared goal of promoting a more transparent, accessible, and well-regulated capital market environment in Tanzania.
