LUSAKA, June 19 (NNN-DAILYNEWS) — TANZANIA and Zambia have reaffirmed their commitment to strengthening cooperation in capital markets, aiming to enhance regional economic integration and promote sustainable development.
The initiative seeks to improve regulatory frameworks, enhance investor protection, and build resilient and inclusive financial systems through closer collaboration between the two countries’ capital markets tribunals.
This move aligns with Tanzanian President Samia Suluhu Hassan’s vision of leveraging capital markets as a strategic tool to accelerate economic growth and provide alternative financing mechanisms for national development.
A statement issued by Tanzania’s Capital Markets Tribunal (CMT) confirmed that a delegation led by High Court Judge and CMT board chairperson Dr Ntemi Kilekamajenga is in Zambia for a benchmarking tour from June 16 to 20, 2025.
The delegation is holding high-level discussions with several key institutions, including the Securities and Exchange Commission of Zambia, the Lusaka Securities Exchange (LuSE), the Capital Markets Association of Zambia (CMAZ) and members of the judiciary.
Capital Markets Tribunal Registrar, Martin Kilikoli, said the tour is designed to facilitate the exchange of best practices, strengthen regional partnerships, and identify potential reforms in legal and regulatory frameworks governing capital markets.
“Key issues under discussion include the strengthening of dispute resolution systems, enhanced regulatory oversight and greater market transparency — all crucial for attracting and safeguarding investment,” he said.
Kilikoli emphasised that the initiative reflects the government’s intent to mobilise investment through robust legal institutions and accessible financial markets.
“Vibrant capital markets are essential not only for economic diversification but also for driving long-term, inclusive development,” he noted.
He further stated that the presence of senior officials during the tour underscores Tanzania’s proactive approach to regional integration and institutional capacity building.
According to Kilikoli, the visit also presents an opportunity to explore reforms that would enhance justice delivery, boost investor confidence and ensure the stability and inclusivity of capital markets in both countries.
“This engagement reaffirms a shared vision for the region — to build transparent, wellregulated capital markets that serve as engines for sustainable economic growth,” he said.
The initiative is part of Tanzania’s broader strategy to strengthen financial infrastructure and ensure capital markets contribute meaningfully to both national and regional development goals. — NNN-DAILYNEWS