DAR ES SALAAM, May 21 -- THE oversubscription of the Equity for Tanzania (EFTA) corporate bond has been hailed as a major boost to Tanzanias capital markets, reflecting strong investor confidence and expanding financing opportunities for productive sectors.

Speaking during the bonds listing at the Dar es Salaam Stock Exchange yesterday, CMSA Chief Executive Officer Mr Nicodemus Mkama said the achievement reflects growing investor confidence in EFTA and Tanzanias capital markets.

The bond raised approximately 33.04bn/-, more than double the targeted 15bn/-, marking one of the strongest responses from investors in recent years.

Mr Mkama said the oversubscription was a clear indication that government policies aimed at promoting inclusive...