THE Capital Markets and Securities Authority (CMSA) has approved three institutions to raise funds from the public and some to be listed at Dar es Salaam bourse. The equity firms, Watumishi Housing Company Real Estate Investment, Collective Investment Scheme, and MuCoBa Bank PLC raising capital through primary offer, received an operational green light. Charles Shirima, Principal Public Relations Officer of CMSA said Watumishi and Collective Investment Scheme will not list on Dar es Salaam Stock Exchange (DSE) immediately.

"For Mufindi Bank, once all relevant logistics are worked out, it will increase its capital via IPO and late listed on DSE's alternative market," Shirima said.