ZANZIBAR, April 20 -- ZANZIBAR is stepping up efforts to reduce public institutions reliance on bank borrowing, following a new partnership with the Dar es Salaam Stock Exchange (DSE) that will open alternative financing channels through capital markets.

The three-year Memorandum of Understanding (MoU) agreement between the DSE and the Zanzibars Treasury Registrar is expected to unlock fresh investment pathways for at least 17 state-linked institutions under the Registrars Office.

Zanzibars Treasury Registrar Mr Waheed Muhammad Sanya said the move marks a strategic shift in how public entities in Zanzibar access funding, with a deliberate pivot away from traditional bank loans toward investor-driven capital raising.

“This framewo...