Africa-Press – Tanzania. BURUNDIAN capital market professionals have recognised Tanzania’s capital market sector as vibrant and advanced, providing them with a solid foundation to develop their own.
The 34-member delegation is in Dar es Salaam for study tour at the Capital Markets and Securities Authority (CMSA).
At least 29 of the delegates have gone through six-week online programme in securities and investments conducted jointly by the CMSA and Chartered Institute for Securities and Investment (CISI) in London.
The delegation was led by the Chief Executive Officer of Capital Market Authority of Burundi, Dr Arsene Mugenzi.
“Tanzanian capital market is vibrant among the East African markets and that has more to tell us and teach us, and the way they conduct capital markets, it gives us a basis to build our own,” said Dr Mugenzi.
He said Tanzania and Burundi are close friends and that their relation goes down to various institutions within the two countries.
“The objective of our visit is to benchmark our practices against those of the CMC and learn from Tanzania’s extensive experience. With over 20 years of expertise in the industry, while we are still in the early stages of development, this visit has been incredibly valuable,” he explained.
He added: “Their performance and regulatory practices have provided us with crucial insights that will help us establish the right tools and frameworks to enhance the efficiency of our own markets.”
Speaking on behalf of the CEO, CMSA Public Relations Manager Charles Shirima said the cooperation between the two authorities was essential for exchanging experiences that would contribute to building a robust East African Community (EAC) regional market.
“This partnership aims to establish a regional capital market with common standards,” Mr Shirima explained.
He added that the Burundian professionals, who participated in a six-week online programme, had earned a highly respected qualification in the industry, which not only validates their local competence but also opens doors for regional and international opportunities.
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