CAPITAL MARKETS TANZANIA VOTED THE MOST INNOVATIVE CAPITAL MARKETS REGULATOR IN AFRICA FOR 2016
Africa investor (Ai), a leading international investment and communications group, today 19thannounced the results of the 9th annual Ai CEO Institutional Investment Summit to showcase the best of Africa’s investment success stories through the prestigious Ai Capital Market Index Series Awards, which today released the official results.
Launched in 2007, the Awards are based around the Africa investor-owned Ai Index Series, and are designed to recognise Africa’s best performing regulators, stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies, fund managers and institutional investors.
Commenting
on the release of the shortlist, Hubert Danso, CEO and Vice Chairman of Africa
investor, said, “For nearly a decade, Africa investor has been proud to host
this platform to highlight the best in African institutional and capital market
investment transactions. Over this time, we have seen the quality, innovation
and quantity of transactions increase exponentially and we are delighted this
year to continue our vision to bring global recognition to the organisations
and personalities driving and unlocking Africa’s investment potential.”
This
year, as a special recognition, outstanding African, global and up-and-coming
institutional investment personalities will also be honoured during the Summit
at the NASDAQ Exchange for their exemplary leadership and advocacy.
The Ai CEO Institutional
Investment Summit and the Ai Capital Market Index Series Awards was hosted in
partnership with NASDAQ at the NASDAQ Exchange in Times Square, New York, on
the 19th of September.
CMSA,
TANZANIA
Tanzania’s Capital Markets and Securities Authority
(CMSA) has won the ‘’Most Innovative Capital Markets Regulator in Africa’’
Award for the year 2016.
“Once again, this latest Ai Index Series Awards
winners attests to the world class quality and investment leadership that
prevails in Africa, and we are delighted to be able to recognise them, along
with all the shortlisted companies in all the hotly contested categories,” Hubert
Danso, CEO of Africa investorsaid.
The Capital Markets Authority
(CMA) Tanzania has received recognition for being the most innovative capital
markets regulator in Africa. The award was conferred by Africa Investor, an
investment and communications group, in New York on 19th September 2016.
The awards, which were launched
in 2007 and linked to the Africa investor (Ai) Index Series, are Pan-African
awards designed to recognize Africa’s best performing regulators, stock
exchanges, listed companies, investment banks, research teams, regulators,
socially responsible companies, and sovereign wealth and pension fund
investors.
The recognition is a testament to the efforts by
the CMSA to position Tanzania’s capital markets as the investment destination
of choice for domestic, regional, and international capital markets fund flows.
CMSA has recently led efficiently
the Initial Public Offer and Self Listing of the country’s stock exchange (DSE)making
it the third stock exchange demutualisedin Africa after Johannesburg Stock
Exchange (JSE) and Nairobi Securities Exchange (NSE); development of responsive
products and services in capital markets, the most recent being buying of
shares using mobile phones in the primary and secondary markets, issuance of
retail bonds by corporate institutions, investor education through competition
among universities and higher learning institutions using internet and mobile
phones, removal of restrictions for foreign investors in listed equity
securities and corporate bonds. The developments are expected to position the
capital markets to play a pivotal role in mobilizing long term finance to
support critical development projects in Tanzania.
The Capital Markets and
Securities Authority of Tanzania was named Most Innovative Capital Markets
Regulator in Africa for 2016.
Opening the Summit, Hubert Danso,
CEO of Africa investor, said, “We believe that the value and power of long-term
institutional investment, and the win-win for Africa and its domestic, US and
international partners, cannot be overstated. It plays a catalytic role in
Africa’s development and the US’s growth and competitiveness respectively.”
The Summit featured a high-level
dialogue with the NEPAD-Continental Business Network, co-hosted by NEPAD, UNECA
and Ai. Summit panel themes included Africa’s Capital Market Investment
Climate: Resilient Exchanges and Continued Growth; Keeping Africa on
Consultants’ and Trustees’ Radars; a look at African Sovereign Wealth Funds as
Strategic Capital ‘Anchors’ and Co-Investors; an African Pension Funds
Roundtable; the Annual Roundtable on North American Pension Funds and
Endowments Investing in Africa, and the Second Annual Ai High-Level Roundtable
on Pension Investment in Emerging Markets.
The event was also notable this
year for the launch of two new initiatives by Africa investor, the first being
the Ai African Sovereign Wealth and Pension Fund Leaders Forum (ASWPFF), which
responds to and addresses the critical role that African pension and sovereign
wealth funds are playing in Africa’s economic development and recognises their
commitment to collaborate, advocate and invest more together. It is a
high-level association platform for African sovereign wealth and pension fund
leaders to network and share best practices on key issues related to improving
the investment environment for long-term intra-African investment.
The second initiative announced was the Ai African
Infrastructure Co-investment Platform; a practical collaboration platform
driven by an initial group of investment partners, including a select group of
African and global pension and sovereign funds, committed to co-investing into
African infrastructure assets and strategies.
Maoni
Chapisha Maoni