Tanzania: Yetu Microfinance to List On Dar Stock Exchange

Yetu Microfinance is today launching an Initial Public Offer (IPO) to raise 12.5bn/- as seed capital through sale of shares, thus making it set to become the first microfinance institution to list on the Dar es Salaam Stock Exchange (DSE).

Yetu Microfiance Managing Director, Mr Altemius Milinga, said in Dar es Salaam that over 70 per cent of its customers are women and youth, in the quest to support the government's effort to create jobs through self-employment.

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