Last Chance for Tanzanians to Invest in the Samia Infrastructure Bond as Initial Market Sale Closes

With just two days remaining before the initial market sale of the Samia Infrastructure Bond issued by CRDB Bank closes, the investment is being highlighted as a unique opportunity for all Tanzanians, including ordinary citizens, to participate in the country’s development.

Bonaventura Paul, the Director of Operations for Branches, Personal and Business Banking at CRDB Bank, emphasized that the next 48 hours offer the final chance for citizens to invest in this tax-free, high-return bond. “The response so far has been incredibly positive, and we want to remind citizens and organizations that, with the New Year holidays behind us and children returning to school, now is the time to invest in our future economy,” Bonaventura said.

The bond offers a competitive 12% annual return over its five-year duration, with interest payouts on February 10, May 10, August 10, and November 10 each year. Bonaventura stressed that the bond is unique in that it provides tax-free returns, making it an attractive investment compared to other five-year bonds available on the market. “Investors can rest assured that they will receive their quarterly returns before every Valentine’s Day,” he added.

Purchasing the Samia Infrastructure Bond means supporting national infrastructure projects, particularly in the road sector, which is vital for the country’s economic growth and improved living standards for its citizens. The funds raised through the bond will be directed towards crucial road construction projects, creating significant long-term benefits for the economy.

For those interested in making an investment, the process is simple. Investors can easily purchase the bond via mobile phone using the SimBanking app, or visit any CRDB Bank branch for assistance. The minimum investment is just 500,000 Tshs, making it accessible to a wide range of investors, including individuals, groups, institutions, and companies.

The bond’s impact will be felt across several sectors. In the construction industry, it will ensure that contractors have guaranteed funding to complete their projects on time, encouraging more opportunities for smaller companies and increasing competition in the sector. For the government, the bond ensures that road projects are completed efficiently, improving transportation for agricultural and industrial goods and making essential services like healthcare more accessible.

The bond is also expected to contribute to the growth of Tanzania’s financial sector by raising awareness about investment opportunities and supporting the development of the stock market. Approved by the Capital Markets and Securities Authority (CMSA), the Samia Infrastructure Bond assures investors that they are partnering with a reputable and law-abiding financial institution.

“Our bank is built on a foundation of trust and legality, and the issuance of this bond reflects our commitment to upholding the highest standards,” said Bonaventura.

The Samia Infrastructure Bond, which launched its initial public offering (IPO) on November 29 last year, will officially close on January 17, 2025. Afterward, it will be listed on the Dar es Salaam Stock Exchange (DSE) on February 10, 2025, with a maturity date set for February 10, 2030.

This bond represents a significant opportunity for Tanzanians to invest in their own country’s development while securing attractive returns. With just two days left to participate, citizens and organizations are encouraged to act now to be part of this transformative initiative.