Tanzania civil servants to buy shares in private firms

Tanzania is banking on civil servants to increase liquidity at the Dar es Salaam Stock Exchange through purchase of shares, with a hectic schedule of listings expected from telcos and mining companies complying with the law to sell at least a quarter of their shares to the public.

The President’s Office has issued a circular to government agencies, local and regional administrations, instructing them to facilitate civil servants’ access to credit so that they can buy the shares at the DSE.