Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) Members Awards made a comeback this year after a four-year hiatus caused by the outbreak of Covid-19 pandemic.
Focused on sustainable investment, the award event was held on Friday November 8, 2024, embracing Environmental, Social and Governance (ESG) principles for sustainable capital markets.
The DSE chief executive officer, Mr Peter Nalitolela, urged organisations to look beyond short-term profits and prioritise sustainable practices that benefit both the environment and society.
“Organisations should understand that we are also here to look towards the world of tomorrow, to protect the environment and to ensure we create a better society,” he said.
Mr Nalitolela further emphasised that the DSE awards aim to encourage meaningful actions across the business ecosystem, stressing the role of ESG principles in driving transformative changes.
“Around the world, and especially here in East Africa, embracing environmental, social, and governance principles is not only shaping investment choices but also driving the fundamental transformation of capital markets towards more sustainable, inclusive and resilient economies,” he added.
“We have been given this world as an heritage and it is our responsibility to leave it better for future generations. When we talk about sustainability, we are not only talking about the environment but also about the community. If you make profits and you do not give back to the community, then your profitability is meaningless,” he said.
On the other hand, International Finance Corporation (IFC) country manager, Ms Martine Valcin, highlighted Tanzania’s leading role in addressing climate change, acknowledging President Samia Suluhu Hassan’s commitment to an inclusive approach.
“Under President Hassan leadership, Tanzania is a leading voice on the importance of public and private response to climate change—a response that includes women, youth and rural populations, boosts food security, promotes clean energy transition, and preserves Tanzania’s considerable natural resources for future generations,” Ms Valcin said.
Financial Sector Deepening Tanzania (FSDT) chief executive officer, Mr Eric Massinda, also echoed the goals, describing FSDT’s work to strengthen the financial system as a pathway to economic empowerment.
“We’re dedicated to improving livelihoods and enhancing the resilience of underserved groups, particularly women, youth, farmers and micro, small and medium enterprises,” he said.
This year’s awards celebrated a wide range of contributions to sustainable capital markets, spanning ten categories.
Highlights included the Best Stock Broker of the Year, Best Upcoming Stock Broker of the Year, Best Custodian Bank of the Year, Best Listed Company in both the Main Investment Market (MIM) and Enterprise Growth Market (EGM) segments, and Best Bond Dealer of the
Year.His experience extends beyond commercial banking, as he also served as Treasury Registrar at the Ministry of Finance.
A recognised authority in banking and finance, Mafuru was sought after as a speaker on industry matters. He was passionate about leveraging his expertise to create value for clients and stakeholders.
Prior to his latest role at the Planning Commission, Mafuru played a pivotal role in shaping Tanzania’s economic policies when he served within the Ministry of Finance as commissioner of the Policy Analysis Division and subsequently as deputy Permanent Secretary for Economic Management Policies.
At the Planning Commission which he headed until his death, Mafuru was pushing ahead to prepare and subsequently oversee the Vision 2050 which Tanzania is now drafting.
Share this news
This Year's Most Read News Stories
European Union Bans Air Tanzania Over Safety Concerns
Kampala — The European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency (EASA), citing significant safety deficiencies.
The EU Air Safety List includes airlines that fail to meet international safety standards. Commissioner Tzitzikostas emphasized the importance of passenger safety, stating: “The decision to include Air Tanzania in the EU Air Safety List underscores our unwavering commitment to ensuring the highest safety standards. We strongly urge Air Tanzania to take swift action to address these safety issues. The Commission has offered its assistance to Tanzanian authorities to enhance safety performance and achieve compliance with international aviation standards.”
Air Tanzania joins several African airlines banned from EU airspace, including carriers from Angola, the Democratic Republic of Congo, Sudan, and Kenya. Notable names include Congo Airways, Sudan Airways, and Kenyan carriers Silverstone Air Services and Skyward Express. The ban reflects the EU’s strict approach to aviation safety worldwide.
Source: allafrica.com
Tanzania readying to talk to British developer over Zanzibar land lease revocation
Dar es Salaam. British firm Pennyroyal Limited has said it will sue the Tanzanian government over leasehold revocation in Zanzibar, but the Attorney General has confirmed that they are preparing to meet with the investor.Continue Reading
Tanzania Confirms Second Marburg Outbreak After WHO Chief Visit
Dar es Salaam — Tanzania’s President Samia Suluhu Hassan has declared an outbreak of Marburg virus, confirming a single case in the northwestern region of Kagera after a meeting with WHO director-general Tedros Adhanom Ghebreyesus.
The confirmation follows days of speculation about a possible outbreak in the region, after the WHO reported a number of deaths suspected to be linked to the highly infectious disease.
While Tanzania’s Ministry of Health declared last week that all suspected cases had tested negative for Marburg, the WHO called for additional testing at international reference laboratories.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”Amelia Clemence, public health researcher
Subsequent laboratory tests conducted at Kagera’s Kabaile Mobile Laboratory and confirmed in Dar es Salaam identified one positive case, while 25 other suspected cases tested negative, the president told a press conference in Dodoma, in the east of the country today (Monday).
“The epicentre has now shifted to Biharamulo district of Kagera,” she told the press conference, distinguishing this outbreak from the previous one centred in Bukoba district.
Tedros said the WHO would release US$3 million from its emergencies contingency fund to support efforts to contain the outbreak.
Health authorities stepped up surveillance and deployed emergency response teams after the WHO raised the alarm about nine suspected cases in the region, including eight deaths.
The suspected cases displayed symptoms consistent with Marburg infection, including headache, high fever, diarrhoea, and haemorrhagic complications, according to the WHO’s alert to member countries on 14 January. The organisation noted a case fatality rate of 89 per cent among the suspected cases.
“We appreciate the swift attention accorded by the WHO,” Hassan said.
She said her administration immediately investigated the WHO’s alert.
“The government took several measures, including the investigation of suspected individuals and the deployment of emergency response teams,” she added.
Cross-border transmission
The emergence of this case in a region that experienced Tanzania’s first-ever Marburg outbreak in March 2023 has raised concerns about cross-border transmission, particularly following Rwanda’s recent outbreak that infected 66 people and killed 15 before being declared over in December 2024.
The situation is particularly critical given Kagera’s position as a transport hub connecting four East African nations.
Amelia Clemence, a public health researcher working in the region, says constant vigilance is required.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”
The Kagera region’s ecosystem, home to fruit bats that serve as natural reservoirs for the Marburg virus, adds another layer of complexity to disease surveillance efforts.
The virus, closely related to Ebola, spreads through contact with bodily fluids and can cause severe haemorrhagic fever.
Transparency urged
Elizabeth Sanga, shadow minister of health for Tanzania’s ACT Wazalendo opposition party, says greater transparency would help guide public health measures.
Sign up for free AllAfrica Newsletters
Get the latest in African news delivered straight to your inbox
“This could have helped to guide those who are traveling to the affected region to be more vigilant and prevent the risk of further spread,” she said.
WHO regional director for Africa Matshidiso Moeti says early notification of investigation outcomes is important.
“We stand ready to support the government in its efforts to investigate and ensure that measures are in place for an effective and rapid response,” she said, noting that existing national capacities built from previous health emergencies could be quickly mobilised.
The situation coincides with leadership changes in Tanzania’s Ministry of Health, with both the chief medical officer and permanent secretary being replaced.
This piece was produced by SciDev.Net’s Sub-Saharan Africa English desk.
Source: allafrica.com
