The Dar es Salaam Stock Exchange (DSE) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

located on Ohio Street, west of Kivukoni, south east of

Dar es Salaam Dar es Salaam (, ; from ) is the largest city and financial hub of Tanzania. It is also the capital of the Dar es Salaam Region. With a population of over 7 million people, Dar es Salaam is the largest city in East Africa by population and the ...

, the commercial capital and largest

city A city is a human settlement of a substantial size. The term "city" has different meanings around the world and in some places the settlement can be very small. Even where the term is limited to larger settlements, there is no universally agree ...

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association and the

World Federation of Exchanges The World Federation of Exchanges (WFE), formerly the ''Federation Internationale des Bourses de Valeurs'' (FIBV), or International Federation of Stock Exchanges, is the trade association of publicly regulated stock, futures, and options exchan ...

. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm. The activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority (CMSA). The DSE operates in close association with the

Nairobi Securities Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

and the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

. Plans are underway to integrate the three to form a single

East Africa East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the Africa, African continent, distinguished by its unique geographical, historical, and cultural landscape. Defined in varying scopes, the regi ...

n bourse.

History

Incorporation

The Dar es Salaam Stock Exchange was established by the capital markets and security authority under the Capital Markets and Securities (CMS) Act of 1994 in

Dar-es-salaam Dar es Salaam (, ; from ) is the largest city and financial hub of Tanzania. It is also the capital of the Dar es Salaam Region. With a population of over 7 million people, Dar es Salaam is the largest city in East Africa by population and the ...

. The stock exchange was incorporated on 19 September 1996. The company was incorporated as a private company limited by guarantee and not having a share capital under the Companies Ordinate, therefore the DSE is a non-profit making body. The exchange became operational on 15 April 1998 with TOL Gas Limited listing as the first company followed by the Tanzania Breweries Limited (TBL) during the same year. The delay was due to the necessary background operational preparations that were inevitable such as training of brokers and formulation of issuance and trading rules.

Demutualisation

On 29 June 2015 the Dar-es-Salaam Stock exchange re-registered to become a public limited company. The company changed its name from the ''Dar Es Salaam Stock Exchange Limited'' to ''Dar Es Salaam Stock Exchange Public Limited Company''. The company began selling shares on 16 May 2016 and is the third exchange in

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

after

Johannesburg Stock Exchange JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...

(2006) and

(2014) to self list. The company offered 30% of the company's stock on the stock exchange represented by 15,000,000 ordinary shares.

Corporate affairs

Business trends

The Dar-es-salaam stock exchange started its 5-year plan from June 2011. The financial year for the DSE used to begins 1 July and ends on 30 June. This was modified in 2017 to follow the callendar year.

Ownership

As of December 2019, the company stock was owned by corporate entities and individuals. The largest shareholders are listed in the table below.

Services

*DSE Mobile Trading was launched on 20 August 2015 to allow people upcountry where brokers are not present. The platform is called "soko la hisa kiganjani". The platform was designed by Maxcom Africa and is compatible with all Tanzanian cell phone operators. The program aims to allow more Tanzanians to participate in the bourse as currently only 400,000 people participate in a country of 50 million. At the end of 2015 over 1000 investors used the platform. The platform continues to gain popularity and at the end of quarter 1 of 2016 the total number of users using the Mobile trading platform increased to 3000.

Market listing

there are 27 listed

companies A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specifi ...

, five corporate bonds and eight

government A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

bonds. The table below summarises the current market listings: ; Main Exchange *'' East African Breweries'' and ''

Kenya Airways Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. Its head office is located in Embakasi, Nairobi, with its Airline hu ...

'' are cross listed at both the

and the

. *''

Kenya Commercial Bank Group KCB Group Limited, also known as the KCB Group, is a financial services Bank holding company, holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limit ...

'', ''

Nation Media Group Nation Media Group (NMG), formerly known as East African Newspapers (Nation Series) Ltd, is an East African media group based in Kenya and listed on the Nairobi Stock Exchange. It is owned by Aga Khan IV. History NMG was founded in 1959 by A ...

'' and '' Uchumi Supermarkets'' are cross listed on the

, the

and the

Rwanda Stock Exchange Rwanda Stock Exchange Limited (RSE) is a Rwandan Stock Exchange and was incorporated on 7 October 2005. The Stock Exchange was demutualized from the start as it was registered as a company limited by shares. The company was officially launched o ...

* National Investments Company (Limited) Tanzania was re-listed on 3 June 2018 after it was delisted in 2011. The company originally listed on 15 July 2008. ; Enterprise Growth Market (EGM)

References

External links

Dar es Salaam Stock Exchange HomepageAfrican Securities Exchanges Association
{{Authority control Stock exchanges in Africa Financial services companies of Tanzania Economy of Dar es Salaam Financial services companies established in 1996 1996 establishments in Tanzania

History

Incorporation

Demutualisation

Corporate affairs

Business trends

Ownership

Services

Market listing

See also

References

External links