DAR ES SALAAM, July 10 -- IN a strategic move to strengthen domestic investment and increase the contribution of foreign currencies to the national economy, iTrust Finance Limited has officially launched the iDollar Collective Investment Scheme.

The fund will allow Tanzanians to invest using foreign currencies such as US Dollars, British Pounds Sterling, and other international currencies.

Speaking at the launch event held in Dar es Salaam, the Chief Executive Officer of the Capital Markets and Securities Authority (CMSA), CPA Nicodemus Mkama, stated that this development stems from a favorable policy and legal environment established by the government through CMSA to support the growth of the capital markets sector.

“This fund i...