Capital Market and Securities (Crowdfunding Guidelines), 2022
Financial resources to facilitate planned activities have remained a big challenge for most respondent institutions. For example, some ministries plan quarterly field monitoring activities but do not implement them as planned due to a lack of resources. When monitoring activities are funded through implementing partner resources, results and findings may be biased. Working equipment and facilities (e.g., vehicles) are not sufficient. This situation also limits the implementation of planned activities.
These guidelines ensure market integrity and investor protection in an orderly, regulated environment. They also provide efficient avenues for mobilizing and channeling savings toward startups and growing companies in different sectors of the economy. Regulations for crowdfunding operations are expected to reduce market risks, build investors’ market players’ confidence, and contribute to the development of the industry. Other benefits of regulating crowdfunding include: Utilization of the potential of crowdsourced funding as an alternative source of financing. Management of vulnerability of investors to fraudulent funding activities. Enhanced market integrity and investors’ confidence in the capital financial sector.
2.3.2. Findings from Private Sector Associations, Research, Academia, and Other Stakeholders
This section reflects responses from Private Sector Associations (PSAs); agriculture-based associations; leading private sector organizations; research institutions,
academia, think tanks; financial institutions; and international development finance providers.
Building a Better Tomorrow – Youth Initiative for Agribusiness (BBT-YIA)
Generally, respondents agree there has been significant improvement in developing relevant policies and policy instruments pertaining to youth-based enterprises in recent years. Effective implementation, accountability, and enforcement mechanisms are critically required going forward. Some of the significant developments are highlighted below.
BBT-YIA is a recently launched program pioneered by the GoT Ministry of Agriculture under the National Agriculture Policy of 2013. The goal of the program is to guide initiatives that address youth agribusiness challenges so that all interventions taken together will lead to a holistic and systemic approach to addressing these challenges to your enterprises. [76]
Bank of Tanzania (FinTech Regulatory Sandbox) Regulations, 2023
The Zanzibar Economic Empowerment Policy, 2020
The Bank of Tanzania facilitates fintech solutions by accommodating changing business models. The main objective of the regulations is to enable testing and deployment of fintech innovation in a live environment within specified parameters and time frames. In turn, this will facilitate: Increasing the potential for innovative business models that enhance financial inclusion. Ensuring appropriate consumer protection safeguards in innovative products and services. Defining the roles and responsibilities of parties involved in sandbox operations. Enabling the bank to collect information that can be used to improve existing legal and regulatory frameworks for innovative financial solutions. Assisting Fintech innovators to graduate from the informal to a more regulated environment.
This policy directly relates to youth enterprise by creating an enabling environment for youth entrepreneurship and economic empowerment. The policy recognizes the potential of youth as drivers of economic growth and aims to provide them with the necessary support and opportunities to establish and grow their businesses.
The Blue Economy Policy, 2022
This policy promotes an improved mechanism toward social inclusion through local community empowerment. The policy focuses on women, youth, and those with special needs involved in Blue Economy activities.
Zanzibar Agriculture Policy, 2003
Currently under review, this policy acknowledges youth as an impetus for sector growth and that changing their mindset toward agriculture is of great importance.
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Youth Enterprise Policy Analysis Report
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