Dar es Salaam Stock Exchange
|Location||14th Floor, Golden Jubilee Towers, Ohio Street, Ilala, Dar es Salaam, Tanzania|
|Founded||19 September 1996|
|Owner||Government of Tanzania (15%)|
|Key people||Pius A. Maneno (Chairman) |
Moremi Marwa (CEO)
|No. of listings||28|
|Market cap||Tsh 23,721.49 billionJune 2015|
|Indices||TSI Tanzania Share Index|
DSEI Dar Stock Exchange Index
IA Industrial & Allied
BI Banks, Finance and Investment
|Website||Stock Exchange Website|
The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. 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 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 in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse.
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, Tanzania. 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.
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 after Johannesburg Stock Exchange (2006) and Nairobi Securities Exchange (2014) to self list. The company offered 30% of the company's stock on the stock exchange represented by 15,000,000 ordinary shares.
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.
|Market Capitalization (TZS Billion)||5,926||12,773||14,058||18,902||23,721||21,728||23,076||19,677||17,105|
|Value of Shares traded (TZS Billion)||48.25||44.45||73.00||272.45||879.22||733.66||711||208||625|
|Tanzania Share Index (TSI points)||1,051.92||1,206.99||1,840.11||3,561.62||4,684.09||3,706.15||3,919||3,431||3,691|
|Income and Expense Summary|
|Income (TZS Billion)||2.01||1.81||2.09||3.5||4.35||4.79||10.70||6.43||8.39|
|Expenses (TZS Billion)||1.73||2.25||2.04||3.00||3.07||3.10||5.44||4.67||4.84|
|Profit/Deficit (TZS Million)||n/a||−338.85||186.35||501.01||1,942.85||2,010.26||5,266||1,757||3,547|
|Securities and Bonds Summary|
|Value of Outstanding Listed Govt. Bonds (TZS Billion)||1,912.97||2,287.31||2,991.77||3,696.15||4,263.67||4,896.85||8,108||9,436||10,533|
|Treasury Bonds Listed (TZS Billion)||918||433||977||n/a||n/a||n/a||n/a||n/a||n/a|
|Fixed Income Securities Trading (TZS Billion)||363||248||452||477||n/a||n/a||n/a||n/a||n/a|
As of December 2019, the company stock was owned by corporate entities and individuals. The largest shareholders are listed in the table below.
|Rank||Name of Owner||Percentage Ownership|
|1||Government of Tanzania||15.0|
|2||Briarwood Capital Partners LP||12.0|
|3||Mr. Aunali F. Rajabali and Sajjad F. Rajabali||10.0|
|4||National Investments Company Limited Tanzania||5.0|
- 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 populatiry and at the end of quarter 1 of 2016 the total number of users using the Mobile trading platform increased to 3000.
- Main Exchange
- East African Breweries and Kenya Airways are crosslisted at both the Uganda Securities Exchange and the Nairobi Securities Exchange.
- Kenya Commercial Bank Group, Nation Media Group and Uchumi Supermarkets are cross listed on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange
- 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)
|1.MCB||Mwalimu Commercial Bank||TZ1996102129||27/11/2015||Banking|
|2.MBP||Maendeleo Bank||TZ1996101683||04/11/2013||Banking, Finance|
|3.MKCB||Mkombozi Commercial Bank||TZ1996101972||29/12/2015||Banking|
|4.YETU||Yetu Microfinance PLC||TZ1996102344||10/03/2016||Microfinance|
|5.MUCOB||MUCOBA Bank PLC||TZ1996102419||10/09/2016||Banking|
- Tanzania Mercantile Exchange
- Economy of Tanzania
- List of stock exchanges
- List of African stock exchanges
- Stock exchanges of small economies
- "Dar-Stock Exchange Annual Report" (PDF). DSE-TZ. Retrieved 22 July 2015.
- TNA, . (12 June 2000). "Tanzania: Stock Trading Publicity Kicks-Off". TOMRIC News Agency (Dar es Salaam) (TNA) via AllAfrica.com. Retrieved 15 November 2014.CS1 maint: numeric names: authors list (link)
- "East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets". International business times. 9 July 2013. Retrieved 22 July 2015.
- "The Role of the Dar es Salaam Stock Exchange in Safeguarding Securities Investors in Tanzania". 4 (4). 2010: 222–228. Archived from the original on 22 July 2015. Retrieved 22 July 2015. Cite journal requires
- "DSE_FAQ" (PDF). DSE-TZ. Retrieved 22 July 2015.
- "www.african-exchanges.org/members/dar-es-salaam-se". African Securities Exchanges Association. Archived from the original on 22 July 2015. Retrieved 22 July 2015.
- "DEMUTUALISATION OF THE DAR ES SALAAM STOCK EXCHANGE" (PDF). dse.co.tz. Dar es Salaam Stock Exchange. Archived from the original (PDF) on 6 March 2016. Retrieved 17 January 2016.
- "Dar es Salaam Stock Exchange aims for IPO and self listing Q1 2016". African Capital Markets. 2 July 2015. Retrieved 17 January 2016.
- "DSE demutalization prospectus English" (PDF). dse.co.tz. Dar es salaam Stock Exchange. 16 May 2016. Retrieved 16 May 2016.[permanent dead link]
- Maina, Milly W. (13 May 2016). "Dar es Salaam Bourse Begins Self-Listing Process - Footprint to Africa". Footprint to Africa. Archived from the original on 10 June 2016. Retrieved 16 May 2016.
- "Dar-Stock Exchange Annual Report 2012" (PDF). DSE-TZ. Retrieved 22 July 2015.
- "Dar-stock Exchange annual report 2013" (PDF). DSE-TZ. Retrieved 22 July 2015.
- "Dar-es-salaam Stock Exchange Annual Report 2016" (PDF). dse.co.tz. DSE. December 2016.
- "DSE 2018 Financial Report" (PDF). 2019.
- "DSE Annual Financials 2019" (PDF). Dar Stock Exchange.
- "DSE Annual Report 2017" (PDF). Archived from the original (PDF) on 12 June 2018. Retrieved 12 June 2018.
- "DSE Ends 2015 With Remarkable Growth". AllAfrica. The Citizen. 1 January 2016. Retrieved 7 January 2016.
- "DSE Trading Now Goes Mobile". Daily News. 20 August 2015. Retrieved 21 August 2015.
- "Tanzania: Dse's Trading Through Mobile Phone Up 42 Pc". allAfrica.com. Retrieved 9 February 2016.
- "Tanzania: Mobile User Investors At Dar Bourse Increase". allAfrica.com. Retrieved 20 April 2016.
- FGS, . "Companies Listed On the Dar es Salaam Stock Exchange". First Global Select (FGS). Retrieved 15 November 2014.CS1 maint: numeric names: authors list (link)
- "DSE-Listed Companies". Dar-es-salaam Stock Exchange. DSE. Archived from the original on 1 August 2015. Retrieved 21 July 2015.
- Kamndaya, Samuel (17 December 2010). "Tanzania Approves Nation Media Group Cross-Listing". Daily Monitor (Kampala). Retrieved 15 November 2014.
- Mugabe, David (18 June 2009). "KCB Offers 2 Billion Shares To Rwandans". New Vision (Kampala). Archived from the original on 25 July 2015. Retrieved 15 November 2014.
- Mugwe, David (28 September 2013). "Maendeleo Shares To Trade On Dar es Salaam Bourse". The EastAfrican (Nairobi). Retrieved 15 November 2014.
- Daily News Reporter, . (3 November 2014). "Mkombozi Bank Formally Goes Public, Offers 5 Million Shares". Tanzania Daily News (Dar es Salaam). Archived from the original on 29 November 2014. Retrieved 14 November 2014.CS1 maint: numeric names: authors list (link)