Tanzania, May 14 -- Dar es Salaam. Financial and capital market experts have urged small and medium enterprises (SMEs) in Tanzania to strengthen governance, improve financial reporting and formalise their operations if they are to attract sustainable financing and long-term investment capital.

The experts made the remarks during a panel discussion organised by the Dar es Salaam Stock Exchange (DSE) on initiatives designed to improve access to financing for growing businesses. The discussion focused specifically on the DSE Enterprise Acceleration Programme (DEAP) and the Endeleza Portal.

The discussion brought together capital markets and enterprise development specialists who said many SMEs continue to face financing challenges despite ...