The UTT AMIS fund’s historic growth of 184.94% over two years reflects a positive economic climate and effective management strategies. The fund’s increase from TZS 539.0 billion to TZS 1.53 trillion between March 2021 and June 2023 highlights its exponential expansion, making it the fastest-growing collective investment scheme in the East African region.
The growth of the UTT AMIS fund has particularly benefited micro and small-scale investors, who have witnessed substantial returns on their investments. This growth has also translated into increased government dividends, further contributing to the nation’s economic empowerment.
One key factor contributing to the fund’s success has been its investments in technology. By leveraging technology, the fund has overcome geographical barriers, enabling investors from both urban and rural areas to participate and benefit from the financial opportunities it offers.
Overall, the impressive growth of the UTT AMIS fund under President Samia Suluhu Hassan’s leadership indicates a successful drive towards financial inclusion and economic empowerment in Tanzania. It also sets a precedent for other collective investment schemes in the East African region, highlighting the potential for growth and a positive impact on investors and the economy at large.