DAR ES SALAAM, Oct. 28 -- Three exchange-traded funds (ETFs) targeting Africas financial services, mining, telecommunications and technology sectors have opened for subscription in Tanzania, offering access to companies listed on African stock markets through the Dar es Salaam Stock Exchange (DSE).

The iAfrica Financials ETF, iAfrica Mining ETF and iAfrica Telco and Tech ETF were launched by iTrust Finance, with National Bank of Commerce (NBC) appointed trustee and custodian. These roles support the administration and safeguarding of investment assets.

Speaking yesterday at the launch in Dar es Salaam , NBC Managing Director Theobald Sabi said financial institutions were important as African capital markets became more interconnected. ...