Tanzania has removed restrictions on foreign participation in its Treasury bill market, allowing all international investors to bid for the short-term government securities for the first time.
The change follows the publication of Government Notice No. 206 of 2026 on July 17, which amended the Foreign Exchange Act to broaden eligibility beyond residents of the East African Community and South Africa.
The move is designed to deepen liquidity and attract a broader base of capital to the country’s sovereign debt market.
It comes as Tanzania seeks to integrate its local currency instruments more fully into global portfolios, reducing reliance on domestic funding sources and potentially lowering borrowing costs over time.
The liberalization follows signs of robust demand in the market.
Tanzania’s recent two-year Treasury bond auction attracted bids nearly four times the amount on offer, indicating strong confidence among existing investors.