Tanzanian Capital Markets Tribunal develops digital system to handle investor disputes

“The digital system is now a necessity. We recently visited Zambia to study how similar tribunals operate, and we plan to visit Ethiopia to examine product markets. We expect the system to be fully operational within six months,” he said.

Mr Kolikoli explained that the tribunal, which began its operations this year, was established to strengthen investor confidence by offering an independent mechanism for resolving disputes in the capital markets.

It has already handled its first case, which is currently in the decision-making stage.

He urged members of the public with complaints relating to the capital markets to lodge their cases with the tribunal, noting that its decisions carry the same legal weight as court rulings.

“The tribunal’s presence at this year’s trade fair is aimed at raising awareness. Initially, some people mistakenly believed the tribunal was a provider of capital, but we are seeing growing public understanding of our role,” he added.

Tribunal Board chairman and Mwanza Zone High Court Judge, Dr Ntemi Kilekamajenga, said the tribunal’s rulings are equivalent to those issued by the High Court.

“We want investors to know that they have a formal and fair avenue for resolving disputes,” he said.

Dr Kilekamajenga also advised the public to invest through official and regulated platforms to reduce the risk of financial loss and ensure proper legal recourse in the event of disputes.