By Charles Mkoka
iTrust Finance Limited has launched a TZS100 billion medium-term note (MTN) programme, becoming the first stockbroker and fund manager in Tanzania to issue a corporate bond.
The programme was unveiled in Dar es Salaam with an initial tranche seeking to raise TZS15 billion, plus a TZS5 billion greenshoe option.
The four-year bond offers investors a fixed annual return of 13%, with interest payments to be made quarterly and exempt from withholding tax.
The bond, branded as the “iTrust Bond,” was approved by the Capital Markets and Securities Authority (CMSA) and opened for subscription on May 18, 2026.
The offer is scheduled to close on June 12, 2026, before listing on the Dar es Salaam Stock Exchange, allowing investors to trade the bond on the secondary market.
iTrust said the structure of the bond was designed to attract both retail and institutional investors, with a minimum investment threshold of TZS500,000 aimed at broadening participation in formal financial markets.
The company said the bond offers several incentives, including fixed and predictable returns, quarterly income payments, and tax-free interest earnings, positioning it as an alternative to traditional government securities and other fixed-income products.
Funds raised through the issuance will support the expansion of the company’s lending portfolio, investment in digital financial platforms and strengthening of working capital as the firm seeks to expand its operations in Tanzania’s growing financial services sector.
During the launch event, iTrust Finance Chief Executive Officer Faiz Arab also unveiled the “iTrust App,” a digital investment platform allowing users to invest in bonds, shares and mutual funds while monitoring their portfolios through a single application.
iTrust Finance Limited said the initiative reflects its broader strategy to support financial inclusion and increase citizen participation in capital markets.
The company operates as a licensed Tier 2 financial services provider regulated by the Bank of Tanzania and the Capital Markets and Securities Authority.
Its services include stock brokerage, investment advisory, fund management, and both conventional and Shariah-compliant financing through its Imaan Finance division.
Analysts say the launch comes at a time when Tanzania is seeking to diversify domestic investment products and encourage greater participation in long-term savings and capital market instruments as part of broader economic and financial sector reforms.
