THE ACI Financial Markets Association of Tanzania (ACI-FMA) has affirmed its commitment to strengthening stakeholder engagement and fostering a collaborative environment within the financial markets arena.

Speaking in Dar es Salaam during the association’s leadership team strategic meeting at the weekend, marking the charter’s first 100 days in office, Tanzania's charter President Naomi Rhubera highlighted the substantial strides the new team has made in supporting financial market players while upholding rigorous ethical standards.

 "One of the key initiatives we have undertaken during our first 100 days includes proactive engagement with the Bank of Tanzania (BoT) to ensure strict adherence to the 'FX Code of Conduct 2024,” she said.

 According to her, through a series of physical and virtual meetings, all stakeholders have been sensitized and briefed on the framework.

 She said amid challenges such as the scarcity of the greenback, the association has collaborated closely with stakeholders to enhance forex liquidity by implementing crucial measures.

 Rhubera mentioned several impactful training sessions, notably a comprehensive exploration into the derivatives.

 "Going forward, plans include further training sessions, panel discussions, and social gatherings aimed at promoting networking and addressing ongoing challenges," she said.

 She said that the leadership team's 'open door policy'encourages feedback and collaboration from financial market players to achieve shared goals and enhance the association in Tanzania.

 The association is a non-profit organization under the umbrella of ACI FMA. The association’s goal is to influence industry behavior and support best market practices by providing access to relevant training, engagements, and professional certifications in the attempt of creating ethical and professional financial markets practitioners.