The Minister of Finance, Ambassador Khamis Mussa Omar (MP), has awarded prizes to winners of the Capital Markets Competition for university and higher learning students and presented certificates to graduates of internationally recognized capital markets executive training.
The event took place at the Bank of Tanzania conference hall in Dar es Salaam, drawing government leaders, financial sector stakeholders, and development partners.
Speaking at the ceremony, Ambassador Omar highlighted the government’s continued commitment to the Financial Sector Development Master Plan 2020/21–2029/30, aimed at expanding financial inclusion and strengthening consumer protection in financial services.
He said the sector has shown remarkable growth, noting that by December 2025, the total value of investments in capital and bond markets reached TZS 63.15 trillion, while the value of traded shares and bonds stood at TZS 6.9 trillion.
The minister emphasized that the capital markets sector is a key tool for financing national development projects and enabling Tanzanians to participate actively in the economy.
This approach aligns with the government’s National Development Vision 2050, which seeks to foster sustainable economic growth.
Ambassador Omar also lauded the Capital Markets and Securities Authority (CMSA) for its innovative financial products, including Green Bonds, Gender Bonds (NMB Jasiri Bond), Social Bonds (NMB Jamii Bond), and Shariah-compliant Sukuk, which have significantly supported the financing of development initiatives in the country.
He commended the overwhelming participation of students in the competition, with 28,393 students taking part well above the target of 20,000, representing a 142 percent achievement.
The minister noted that this places Tanzania on the map as a regional leader in capital markets education using modern technology.
The minister also congratulated 95 graduates of the executive capital markets training programme conducted in partnership with the Chartered Institute for Securities and Investment (CISI) of London.
He said these graduates would help strengthen professionalism and competitiveness in Tanzania’s capital markets.
“Capital markets are engines for modern economic growth. Those receiving certificates today will play a crucial role in advancing this important sector,” said Ambassador Omar before presenting awards and certificates.
Speaking at the event, CMSA Chief Executive Officer, CPA Nicodemus Mkama, emphasized that CMSA will continue promoting innovation and capacity building to increase citizen participation in capital markets and drive economic growth.
He explained that the competition had two key components: a quiz and an essay writing contest, both designed to improve students’ understanding of investment and capital market operations.
A total of 89 top-performing participants were recognized, with the 12 top winners (six male, six female) earning a study tour to Nigeria.
The top three winners received cash prizes ranging from TZS 3 million to TZS 3.5 million, while all participants received certificates, T-shirts, and caps branded with the CMSA logo.
CPA Mkama added that CMSA encourages winners to invest one-third of their prize money in shares or collective investment schemes.
He cited past participants who invested TZS 10 million, which has now grown to over TZS 125 million, an increase of more than 1,100 percent.
The ceremony was attended by senior leaders, including Deputy Governor of the Bank of Tanzania, Dr. Yamungu Kayandabila, CMSA Board Chair Lucas Mwimo, and representatives from the United Nations, the European Union, and local financial institutions.
