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INTRODUCTION
UMOJA FUND is established as a pioneer empowerment Collective Investment Scheme that gives an opportunity for the majority of Tanzanian citizens to invest, take a stake in privatization, further participate in the capital markets and obtain a return on their investment. It is the first Collective Investment Scheme to be established in Tanzania.
In the
Public Information
Brochure No. 1, various advantages of Collective Investment Scheme were pointed out. These
include pooling of resources, risk diversification, reduction of transaction
costs, access to other investment avenues etc.
Umoja Fund is a Collective Investment Scheme also known as Umoja Unit Trust Scheme. It is established in compliance with the Capital Markets and Securities Act, 1994 (as amended) and Capital Markets and Securities (Collective Investment Schemes) Regulations, 1997.
The scheme is structured in such a way that it provides opportunities for both low and high income resident and non-resident Tanzanian individuals as well as registered community based organizations whose beneficiaries are Tanzanians to participate in it.
For more
information about Umoja Fund, click
the following link to download the Offer Document.
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