ACI FMA Tanzania Set to Elevate value within Financial Markets Community

Marketers’ umbrella and BoT chart collaboration avenues

• Discuss ACI FMA Tanzania’s Vision for 2024-26
• Includes ACI Identity, education, and Intentional Stakeholder Engagement


By Our Reporter,Dar es Salaam

The newly elected ACI Financial Markets Association Tanzania chapter committee over the weekend met with senior Bank of Tanzania (BoT) officials in a bid to identify key areas for collaboration aimed at advancing Tanzania’s financial markets.

Speaking in Dar es Salaam after the meeting, ACI FMA Tanzania President, Ms Naomi Mafwiri Rhubera said the meeting, which doubled as introductory session, featured high-level talks over key focal points between BoT and ACI FMA Tanzania.

‘”We discussed about ACI FMA Tanzania’s Vision for 2024-2026 during which we outlined its pillars for the next two years, emphasizing ACI Identity, ACI Education, and ACI Intentional Stakeholder Engagement as guiding principles to enhance value within the financial markets community”, said Rhubera.

Formed in 2002, ACI FMA Tanzania is the standard bearer for financial markets professionals in Tanzania. It is affiliated with ACI – Financial Markets Association, a Paris based global umbrella body of financial markets associations founded on the interests of financial markets.

The ACI FMA, which is a non-profit entity, is the largest trade association in the global financial markets with over 13,000 members in 60 countries, and deals with marketing profession which is, essentially, international in nature.

Ms Rhubera said: “Promotion of Ethical Behavior was also a part of our discussion and both parties committed themselves to working closely to promote and sensitize ethical conduct and adherence to the Interbank Foreign Exchange Market Code of Conduct, with emphasis on the importance of the recently updated version released in January 2024”.

She further said as part of Education Partnership on recognition of challenges posed by global market dynamics, particularly in light of recent geopolitical turmoil and issues such as US Dollar scarcity, BoT pledged to collaborate with ACI FMA in educational initiatives aimed at deepening knowledge and its application in the global markets and treasury arena.

‘Additionally, the Central Bank assured its support in formulating policies conducive to fair and transparent financial market activities”, said Rhubera, adding that another discussion was on Information Intermediary Role where ACI FMA Tanzania pledged to serve as an intermediary body, ensuring accurate and timely communication of information from the Bank of Tanzania to other market participants, thereby promoting transparency and integrity in the financial markets.

Ms Rhubera added” : ‘ACI FMA Tanzania reaffirms its commitment to collaborating closely with key stakeholders to foster transparency, market integrity, free information flow for more functional inputs whilst discussing policies and framework structure and investor protection, in order to bolster investor confidence and attract capital inflow”.

ACI Tanzania abides by the Tanzania laws and regulations, and the FX Global Code of conduct recognized by ACI – The Financial Markets Association.

Officials who represented BoT in the talks were Emmanuel Akaro, Director Financial Markets; Mr. Nicholous Mwangakala, Principal Portfolio Manager; Mr. Ephraim Madembwe, Principal Financial Analyst, Market Analysis Surveillance and Monitoring; Mr. Fidelis Mkatte, Assistant Manager, Market Analysis Surveillance and Monitoring; and Mr. Musa Sambika, Financial Analyst, Market Analysis Surveillance and Monitoring.
ACI FMA Tanzania chapter President, Ms. Naomi Mafwiri Rhubera (left), hands over documents to the Bank of Tanzania (BoT) Assistant Manager, Market Analysis, Surveillance, and Monitoring, Mr. Fidelis Bernhard Mkatte shortly after the joint meeting between the newly elected committee members of ACI Tanzania and the BoT senior market officials, aimed at identifying key areas of collaboration to advance Tanzania’s financial markets. A brief meeting was held at the Central Bank premises in Dar es Salaam recently.

ACI FMA Tanzania chapter President, Ms. Naomi Mafwiri Rhubera (left), hands over documents to the Bank of Tanzania (BoT) Financial Markets Director, Mr. Emmanuel Akaro, shortly after the joint meeting between the newly elected committee members of ACI Tanzania and the BoT senior market officials, aimed at identifying key areas of collaboration to advance Tanzania’s financial markets. A brief meeting was held at the Central Bank premises in Dar es Salaam recently.



ACI FMA Tanzania chapter President, Ms. Naomi Mafwiri Rhubera (left), hands over documents to the Bank of Tanzania (BoT), Principal Financial Analyst, Market Analysis, Surveillance and Monitoring, Mr. Ephraim Madembwe, shortly after the joint meeting between the newly elected committee members of ACI Tanzania and the BoT senior markets officials, aimed at identifying key areas of collaboration to advance Tanzania’s financial markets. A brief meeting was held at the Central Bank premises, in Dar es Salaam recently.
ACI FMA Tanzania chapter President, Ms. Naomi Mafwiri Rhubera (third left, seated), poses for a memento photograph with the Bank of Tanzania (BoT) financial markets senior officials and newly elected committee members of ACI Tanzania, shortly after the joint meeting among the two parties aimed at identifying key areas of collaboration to advance Tanzania’s financial markets. A brief meeting was held at the Central Bank premises in Dar es Salaam recently.