IPO for Zan Timiza ETF and Timiza Plus Fund from 17 August to 17 September 2026

TLDR

• On 17th August 2026, Zan Securities launched the Zan Timiza Exchange Traded Fund (ETF) and the Timiza Plus Fund in Dar es Salaam.
• The IPO for both funds runs from 17 August to 17 September 2026, with units priced at TZS 100 each and a minimum subscription of TZS 20,000, equivalent to 200 units.
• The Zan Timiza ETF is the first regional 'Fund of Funds' designed to invest in a diversified pool of collective investment schemes within the East African Community (EAC).
• The Timiza Plus Fund is an open-ended mutual fund aimed at providing capital preservation and predictable periodic income, with a focus on low-to-middle-income earners and retirees.
• The ETF will be listed on the Dar es Salaam Stock Exchange (DSE) secondary market, while Timiza Plus investors will redeem their holdings through the fund manager or designated channels.