Tanzania, June 9 -- Unguja. Zanzibar plans to establish its own stock exchange and an investment bank in a move that could transform how businesses, government entities and investors raise capital for economic development.

The two initiatives are among the key priorities outlined by the Minister for Finance and Planning, Dr Juma Malik Akil, as he tabled a Sh8 trillion budget for the 2026/27 financial year in the House of Representatives yesterday.

Dr Malik Akil said the government would oversee the establishment of the Zanzibar Investment Bank (ZIB) and the Zanzibar Stock Market.

The proposals signal Zanzibar's intention to deepen its financial sector and create new avenues for investment at a time when the Isles are seeking to attract...