We are very pleased to announce an initial investment of US$100m in the Tanzanian banking and financial services sector.
dcc Africa will become a major shareholder in Archco Ltd, the long-established stockbroker in Dar es Salaam, effective from 1 January 2020.
Leslie Cairns, Head of Investment for dcc Africa, said:
“dcc Africa is determined to demonstrate a new model of meaningful foreign investment in Tanzania, exploring impactful investment opportunities, strengthening the investment environment and championing exceptional corporate governance. This initial investment signals our commitment to strengthening Tanzania’s financial services sector, and to improving trust and confidence in Tanzania’s economic development as a whole in 2021.”