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Tanzania Money Market
Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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I have noted the TB rates for Tz are circa 15-16% for 182 and 364 days. These look attractive now given what is happening in Kenya despite the forex risk.
Anyone in this forum, a non Tz citizen who has invested in Tbills/bonds in Tz? How do you go about it?
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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@ Maka, you are more in bonds and TBs. what is your take on the Tz money market?
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Liv wrote:
@ Maka, you are more in bonds and TBs. what is your take on the Tz money market?
The challenge with that market are the volumes traded. Even on the normal securities exchange take for instance yesterday only 6 companies traded with 58 deals executed. Bonds market I bet those guys just read the newspaper most of the days. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Sober wrote:Liv wrote:
@ Maka, you are more in bonds and TBs. what is your take on the Tz money market?
The challenge with that market are the volumes traded. Even on the normal securities exchange take for instance yesterday only 6 companies traded with 58 deals executed. Bonds market I bet those guys just read the newspaper most of the days. I think you can do it through your bank... Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!! They have very skewed rules and regulations i tell you, Enjoy every moment of your life, you never know when your time will come.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz
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Rank: New-farer Joined: 11/2/2014 Posts: 38
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Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation. TA = Price Action + Vol + S/R + Trend + Pattern.
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Rank: Member Joined: 9/9/2015 Posts: 233
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Its already sept 16 @Felipe "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
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