PARTICIPATION in Timiza Fund stock trading has been diminished from 1m/- to 10,000/- starting point by the Capital Markets and Securities Authority (CMSA.

Charles Shirima, the CMSA public relations and education manager, made note of this change at an open media briefing here yesterday explaining that CMSA approved lowering the amount as an important step for encouraging the participation of investors from different cadres including low-income earners.

The policy and guidelines for investment in Timiza Fund is that cash mobilised from investors will be invested in capital markets, including listed equities, Treasury bonds and corporate bonds, he said.

He affirmed that investment in capital markets has increased significantly in the past few weeks compared to how it stood earlier, with the growth boost tied to recent financial sector initiatives.

These include the implementation of Treasury plans and strategies resulting in positive uptake of financial sector offerings in capital markets, he said, pointing at having more institutions now willing to invest in capital markets.

New records show that investment values attained 43.4trn/- as of the end of April, from 35.2trn/- recorded end of April 2023.

 Sales of shares and bonds went up by 64.5 percent to 4.2tri/- by April, from 2.5trn/- over the same period last year, meanwhile, the value of collective investment schemes rose by 44.7 percent, reaching 2.1trn/- during the year, from 1.4trn/- recorded in April 2023, he stated.

A new entrant, Timiza Fund, has boosted this category of investments, as it is aimed at enabling micro, small and medium-scale investors to collectively mobilise funds for investing.

They also benefit from opportunities in the financial sector tied with capital markets, he said, noting that the fund, run by Zan Securities Ltd as the fund manager has selected Mwanga Hakika Bank is its custodian

In its specific objectives the fund is geared to empower different cadres of the population including the youth, women and special groups to benefit from financial sector services, building the culture of saving and investing, to enabling individuals to take up economic opportunities, he asserted.