Dar es Salaam, 10 July 2025 — In a significant development for Tanzania’s capital markets, iTrust Finance Limited has officially announced the launch of its USD-denominated Money Market Fund — the iDollar Fund. The initiative, which has received approval from the Capital Markets and Securities Authority (CMSA), marks a notable expansion of investment options for Tanzanian and regional investors seeking dollar-based financial instruments.
The public notice, published on 10th July 2025, outlines the key features of the iDollar Fund, which offers growth-oriented investment with no entry or exit load. The fund aims to provide investors with a stable, short-term financial instrument denominated in U.S. dollars — an appealing option for those looking to preserve capital while earning returns in foreign currency.
Key Highlights of the iDollar Fund Offer:
- Currency: USD
- Offer Amount: USD 1,000,000
- Price Per Unit: USD 100
- Minimum Investment: USD 100
- Subsequent Investments: Minimum USD 100
- Disbursement After Repurchase: 5 working days
The fund is structured to provide growth with liquidity, and is managed by iTrust Finance Limited with CRDB Bank Plc serving as the trustee and custodian. Importantly, iTrust is licensed by CMSA to operate as a Fund Manager, Broker, and Investment Advisor, providing credibility and regulatory oversight.
Offer Timetable:
- Opening of the Offer: 25 July 2025
- Closing of Initial Sale: 12 August 2025
- Notification of Results: 12 August 2025
- Subsequent Sales Scheme Opens: 23 October 2025
- Opening of Repurchase Operations: 23 October 2025
Investors can participate electronically via www.itrust.co.tz, at CRDB Bank branches, or through licensed dealers on the Dar es Salaam Stock Exchange (DSE).
Call for Informed Investing
The notice also urges investors to seek guidance from CMSA-licensed professionals — including stockbrokers, accountants, and lawyers — to ensure well-informed decisions are made.
This fund’s launch aligns with a growing trend of dollar-denominated offerings in emerging markets, catering to investors interested in hedging against local currency depreciation or accessing more globally integrated financial tools.
Contact Information:
iTrust Finance Limited
429 Mhando Street, Masaki, Dar es Salaam
Phone: +255 659 071 777
Email: info@itrust.co.tz
Website: www.itrust.co.tz
Issued by: Chief Executive Officer, iTrust Finance Limited
Date of Notice: 10 July 2025
As Tanzania continues to mature its capital market landscape, the introduction of the iDollar Fund represents a forward-thinking move — signaling increased investor confidence and a deepening of financial sophistication in the region.