DAR ES SALAAM, Feb. 10 -- INVESTORS showed strong interest in the 25-year Treasury bond, yet only a fraction of bids were accepted, pointing to untapped investment potential and growing appetite for long-term opportunities.

Investors, mid last week, submitted bids totalling 1.6tri/-, while the central bank needed just 0.3tri/-, leaving 1.3tri/- in capital seeking productive deployment.

Oversubscription is traditionally seen as a vote of confidence in government securities and macroeconomic stability, but market analysts say it also points to gaps in the economy.

“Repeated oversubscription tells us two things,” said Frank Abel, Manager, Research and Analyst at Vertex International Securities.

“First, investors trust g...