Tanzania to list debut shilling bond on London Stock Exchange
Tanzania is set to list its first shilling-denominated offshore bond on the London Stock Exchange to diversify development financing. The bond is backed by the IFC and aims to fund major infrastructure projects like the Standard Gauge Railway.
Why it matters
This marks a significant step in emerging market debt strategy and international capital market integration.
Dar es Salaam. Tanzania will on Friday, July 24, list its inaugural Tanzanian shilling-denominated offshore bond on the London Stock Exchange (LSE), marking a major step in the government's efforts to diversify financing for development projects and deepen access to international capital markets.
Finance Minister Ambassador Khamis Mussa Omar is in London to officiate the listing, according to a statement issued yesterday by the Ministry of Finance.
The bond, whose value has not been disclosed, is backed by the International Finance Corporation (IFC), the World Bank's private sector financing arm.
The listing comes as Tanzania accelerates investment in major infrastructure projects, including the Standard Gauge Railway (SGR), ports, roads and energy, which require substantial long-term financing.
The Parliament approved a Sh62.33 trillion budget for the 2026/27 financial year in June. Domestic revenue is expected to contribute Sh46.79 trillion, while the remainder will be financed through borrowing and grants.
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