THE Capital Markets and Securities Authority (CMSA) has revealed its intention to launch a Continuous Professional Development program to improve the integrity and competitiveness of market professionals both locally and globally.

Stella Anastazi, CMSA Public Relations Officer said that yesterday at the 48th ongoing Dar Es Salaam International Trade Fair (DITF) 2024 that the programme aims to keep market players and professionals with the pace of global market demands delivery of services.

Anastaz said that the programme also aimed at promoting professionalism and expertise in the capital market business.

She said the programme further aimed at providing a platform for brokers, dealer representatives, and nominated advisors, nominated advisor representatives, investment advisors, regulators, stock exchange officials and other market players to update their knowledge.

Also, to ensure that market professionals have sufficient understanding of capital markets in order to perform their roles in a way that contributes to making an orderly market that is fair and efficient.

The communication officer insisted that the CMSA’s goal was to improve professionalism in the country and part of the financial inclusion plan.

 “The programme is part of the CMSA’s goal in its strategy to ensure productivity in the country’s capital markets,” she said.

She was pleased to receive a big response from different people who visited the CMSA’s pavilion to learn how the capital market operates. 

“The aim is to bring education to the public, as well as to update them over the achievements made by the authority so far,” she said

She added: “The trade fair has been an opportunity for us to meet people face-to-face for creating awareness. This would boost investments in the capital markets.”

According to her, the programmes bridge the gap of the increasing need for competent market professionals given the current and anticipated growth of the capital market industry in the Country.

CMSA and industry stakeholders are currently implementing various capital market development initiatives outlined in the Financial Sector Development Master Plan (FSDMP) 2020/21 – 2029/30.

The parts of such endeavors include professional development through a certification program conducted in collaboration with the Chartered Institute for Securities and Investment (CISI), United Kingdom.

The CMSA undertakes this role to ensure that the capital markets in Tanzania are sound, resilient and remain competitive in the global market space.