Tanzania’s capital markets align interests with UN initiative for sustainability and transparency

29 June 2016

(Dar es Salaam, 29 June 2016) The Dar es Salaam Stock Exchange (DSE), Tanzania’s only stock exchange, is the newest Partner Exchange of the United Nations Sustainable Stock Exchanges (SSE) initiative. Signing a voluntary commitment to promote long-term sustainable investment, and to improve environmental, social and corporate governance (ESG) disclosure and performance of listed companies, the DSE now joins 55 other SSE Partner Exchanges worldwide committed to this objective. ‘’We are delighted to be a partner in this noble cause as we encourage businesses and investors to be sensitive on matters that are necessary in this era and generations to come, such as sustainability of the current and future societies,’’ said Mr. Moremi Marwa, CEO of the Dar es Salaam Stock Exchange. “We welcome the Dar es Salaam Stock Exchange of Tanzania, one of the ten largest economies in Africa, as a member of the Sustainable Stock Exchanges initiative,” said Mr. James Zhan, UNCTAD Director of Investment and Enterprise. “The Dar es Salaam Stock Exchange joins a global platform, including a dozen exchanges in Africa, allowing Partner Exchanges to learn from their counterparts worldwide as well as their neighbors, and to work together to promote investment in sustainable development.” Speaking at the Joint DSE-ACCA Seminar on Sustainability Report for the Financial News’ Reporters in Dar es Salaam, Mr. Marwa highlighted the importance of reporting on sustainability, good corporate citizenship and better corporate governance. “We have a keen intent to encourage and motivate our members and other stakeholders to ensure businesses and investments activities are conducted in a manner that embraces transparency, environmental protection, social and corporate governance as well as sustainability of both current and future generations,” Mr. Marwa said. The DSE will also be participating in the SSE Executive Dialogue on Green Finance taking place in Nairobi, Kenya on 20 July 2016 at the UNCTAD World Investment Forum. Alongside its peers, the DSE will participate in the roundtable discussion with investors, issuers, regulators and green finance experts to evaluate what role stock exchanges can and should play to help promote green finance, and how this new stream of finance can help drive investment into their local markets. For more information on the event in Nairobi, please click here.

About the SSE

The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.