ACI Financial Markets Association of Tanzania Strengthens Stakeholder Engagement and Collaboration

ACI FMA Tanzania President, Ms. Naomi Mafwiri (second from left), exchanges ideas with some of the leaders of the ACI FMA in Dar es Salaam recently, shortly after concluding their meeting which discussed the achievements of the association over the 100 days since their leadership came into power. This included setting various strategies to ensure the institution fulfills its set goals. Ms. Naomi affirmed the association’s commitment to strengthening stakeholder engagements and fostering a collaborative environment within the financial markets arena. From left are Mr. Lawrence Mlaki, Treasurer, Mr. Nicholas Mkisi, Vice President, and Ms. Catherine Mwita, Secretary of ACI FMA Tanzania.

By special correspondent, Dar es Salaam

The ACI Financial Markets Association of Tanzania has affirmed its commitment to strengthening stakeholder engagement and fostering a collaborative environment within the financial markets arena.

Speaking in Dar es Salaam during the association’s leadership team strategic meeting at the weekend, marking the charter’s first 100 days in office, ACI FMA Tanzania charter President Ms. Naomi Mafwiri Rhubera highlighted the substantial strides the new team has made in supporting financial market players while upholding rigorous ethical standards.

"One of the key initiatives we have undertaken during our first 100 days includes proactive engagement with the Bank of Tanzania (BoT) to ensure strict adherence to the 'FX Code of Conduct 2024'. Through a series of physical and virtual meetings, all stakeholders have been sensitized and briefed on this critical framework. Amid challenges such as the scarcity of the greenback, ACI FMA Tanzania has collaborated closely with stakeholders to enhance forex liquidity by implementing crucial measures," said Ms. Naomi.

Ms. Naomi also mentioned several impactful training sessions, notably a comprehensive exploration into the derivatives space led by market expert Brian Onyino, the Senior Financial Services Executive from Nairobi, Kenya. Additionally, the ACI Dealing Certificate training, facilitated by essential partner Petter Skerritt & Associates from Johannesburg, South Africa, has equipped market participants with essential skills for global market operations.

"Going forward, plans include further training sessions, panel discussions, and social gatherings aimed at promoting networking and addressing ongoing challenges," Ms. Naomi added.

She also emphasized the leadership team's 'open door policy', encouraging feedback and collaboration from financial market players to achieve shared goals and enhance ACI FMA Tanzania.

ACI FMA Tanzania is a non-profit organization under the umbrella of ACI FMA. The aim of ACI FMA Tanzania is to influence industry behavior and support best market practices by providing access to relevant training, engagements, and professional certifications in the attempt of creating ethical and professional financial markets practitioners.

ACI FMA Tanzania President, Ms. Naomi Mafwiri (second from left), shakes hands with ACI FMA Tanzania Treasurer, Mr. Lawrence Mlaki, in Dar es Salaam recently, shortly after concluding their meeting which discussed the achievements of the association over the 100 days since their leadership came into power. This included setting various strategies to ensure the institution fulfills its set goals. Ms. Naomi affirmed the association’s commitment to strengthening stakeholder engagements and fostering a collaborative environment within the financial markets arena. Looking on are the Association’s Vice President, Mr. Nicholas Mkisi, and Ms. Catherine Mwita, Secretary of ACI FMA Tanzania.

ACI FMA Tanzania President, Ms. Naomi Mafwiri (second from left), shakes hands with ACI FMA Tanzania Secretary, Ms. Catherine Mwita, in Dar es Salaam recently, shortly after concluding their meeting which discussed the achievements of the association over the 100 days since their leadership came into power. This included setting various strategies to ensure the institution fulfills its set goals. Ms. Naomi affirmed the association’s commitment to strengthening stakeholder engagements and fostering a collaborative environment within the financial markets arena. Looking on are the Association’s Treasurer, Mr. Lawrence Mlaki (left), and Mr. Nicholas Mkisi, ACI FMA Tanzania Vice President