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Dar es Salaam Stock Exchange

Stock exchange in Tanzania

Stock exchange in Tanzania

FieldValue
nameDar es Salaam Stock Exchange
logo[[File:Dar Stock Exchange logo.png]]
typePublic
traded_as
foundation19 September 1996
city14th Floor, Golden Jubilee Towers, Ohio Street, Ilala, Dar es Salaam
countryUnited Republic of Tanzania
coordinates
ownerGovernment of Tanzania (15%)
Public (85%)
key_peopleEllinami Minja (Chairman)
Peter Situmbeko Nalitolela (CEO)
currencyTanzanian shilling
listings29
mcapTSh 23,721.49 [billion](10-12) June 2015
indexesTanzania All Share Index
DSEI Dar Stock Exchange Index
IA Industrial & Allied
BI Banks, Finance and Investment
industryFinancial Services
productsShares, Bonds, REITs
homepage

Public (85%) Peter Situmbeko Nalitolela (CEO) DSEI Dar Stock Exchange Index IA Industrial & Allied BI Banks, Finance and Investment

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).{{cite web| url=http://allafrica.com/stories/200006120025.html|title=Tanzania: Stock Trading Publicity Kicks-Off|date=12 June 2000|access-date=15 November 2014|publisher=TOMRIC News Agency (Dar es Salaam) (TNA) via AllAfrica.com}} 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.

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, 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.

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 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.

Corporate affairs

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 calendar year.

201120122013201420152016201720182019
Market Capitalization (TSh billion)5,92612,77314,05818,90223,72121,72823,07619,677
Value of Shares traded (TSh billion)48.2544.4573.00272.45879.22733.66711208
Tanzania Share Index (TSI points)1,051.921,206.991,840.113,561.624,684.093,706.153,9193,431
**Income and Expense Summary**
Income (TSh billion)2.011.812.093.54.354.7910.706.43
Expenses (TSh billion)1.732.252.043.003.073.105.444.67
Profit/Deficit (TSh million)n/a186.35501.011,942.852,010.265,2661,757
**Securities and Bonds Summary**
Value of Outstanding Listed Govt. Bonds (TSh billion)1,912.972,287.312,991.773,696.154,263.674,896.858,1089,436
Treasury Bonds Listed (TSh billion)918433977n/an/an/an/an/a
Fixed Income Securities Trading (TSh billion)363248452477n/an/an/an/a
Notes

Ownership

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

RankName of OwnerPercentage Ownership
1Government of Tanzania15.0
2Briarwood Capital Partners LP12.0
3Mr. Aunali F. Rajabali and Sajjad F. Rajabali10.0
4National Investments Company Limited Tanzania5.0
5General Public58.0
6**TOTAL**100.0

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 1,000 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, five corporate bonds and eight government bonds. The table below summarises the current market listings:

; Main Exchange

SymbolCompanyISINDate ListedNotes
1.**TOL**[Tol Gases Limited](https://web.archive.org/web/20150904013131/http://tol.co.tz/)TZ199610000815/04/1998*Production of Oxygen, Industrial Gases, Welding Equipment*
2.**TBL**Tanzania Breweries LimitedTZ199610001609/09/1998*Beer Brewing, Beer Marketing Beer Distribution*
3.**TATEPA**Tanzania Tea PackersTZ199610006517/12/1999*Tea Packaging & Distribution, Coffee Packaging & Distribution*
4.**TCC**Tanzania Cigarette Company LimitedTZ199610003216/11/2000*Cigarettes, Tobacco Products*
5.**SIMBA**Tanga Cement Company LimitedTZ199610005726/09/2002*Cement*
6.**SWIS**Swissport Tanzania Plc.TZ199610004026/09/2003*Aviation, Ground Handling, Cargo Handling*
7.**TWIGA**Tanzania Portland Cement Company LimitedTZ199610002429/09/2006*Cement*
8.**DCB**Dar es Salaam Community BankTZ199610021416/09/2008*Banking*, *Finance*
9.**NMB**National Microfinance BankTZ199610022206/11/2008*Banking*, *Finance*
10.**KA**Kenya AirwaysKE000000030701/10/2004*Aviation*
11.**EABL**East African Breweries LimitedKE000000021629/06/2005*Beer*, *Gin*, *Spirits*
12.**JHL**Jubilee Holdings LimitedKE000000027320/12/2006*Insurance*
13. **KCB**KCB GroupKE000000031517/12/2008*Banking*, *Finance*
14.**CRDB**CRDB BankTZ199610030517/06/2009*Banking*, *Finance*
15.**NMG**Nation Media GroupKE000000038021/02/2011*Publishing, Printing, Television, Broadcasting*{{cite web
16.**ACA**African Barrick GoldGB00B61D2N6307/12/2011*Mining*
17.**PAL**Precision Air Services LimitedTZ199610104821/12/2011*Aviation Services*
18.**SWALA**Swala Gas and OilTZ199610186511/08/2014*Oil & Gas*
19.**USL**Uchumi SupermarketsKE000000048915/08/2014*Supermarkets*
20.**DSE****Dar es Salaam Stock Exchange**TZ199610243412/07/2016*Stock exchange*
21.**VODA**Vodacom TanzaniaTZ199610271515/08/2017*Telecommunication Service Provider*
22.**TICL**TCCIA Investment PLC16/03/2018*Mutual fund*, *Finance*
23.**NICO**National Investments Company (Limited) Tanzania03/06/2018*Mutual fund*, *Finance*
  • East African Breweries and Kenya Airways are cross listed 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)

SymbolCompanyISINDate ListedNotes
1.**MCB**Mwalimu Commercial BankTZ199610212927/11/2015*Banking*
2.**MBP**Maendeleo BankTZ199610168304/11/2013*Banking, Finance*
3.**MKCB**Mkombozi Commercial BankTZ199610197229/12/2015*Banking*
4.**YETU**Yetu Microfinance PLCTZ199610234410/03/2016Microfinance
5.**MUCOB**MUCOBA Bank PLCTZ199610241910/09/2016*Banking*
6.**JATU**JATU PLCTZ199610380423/11/2020*Agriculture*

References

References

  1. (9 July 2013). "East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets".
  2. "DSE_FAQ".
  3. "DAR ES SALAAM STOCK EXCHANGE".
  4. "Demutualisation of the Dar Es Salaam Stock Exchange". Dar es Salaam Stock Exchange.
  5. (2 July 2015). "Dar es Salaam Stock Exchange aims for IPO and self listing Q1 2016".
  6. Maina, Milly W.. (2016-05-13). "Dar es Salaam Bourse Begins Self-Listing Process".
  7. "Dar-Stock Exchange Annual Report 2012".
  8. "Dar-stock Exchange annual report 2013".
  9. "Dar-Stock Exchange Annual Report".
  10. (16 May 2016). "DSE demutalization prospectus English". Dar es salaam Stock Exchange.
  11. (December 2016). "Dar-es-salaam Stock Exchange Annual Report 2016". DSE.
  12. (2019). "DSE 2018 Financial Report".
  13. "DSE Annual Financials 2019".
  14. "DSE Annual Report 2017".
  15. (1 January 2016). "DSE Ends 2015 With Remarkable Growth". AllAfrica.
  16. (20 August 2015). "DSE Trading Now Goes Mobile". Daily News.
  17. "Tanzania: Dse's Trading Through Mobile Phone Up 42 Pc".
  18. "Tanzania: Mobile User Investors At Dar Bourse Increase".
  19. "Companies Listed On the Dar es Salaam Stock Exchange". First Global Select.
  20. "DSE-Listed Companies". DSE.
  21. Mugabe, David. (18 June 2009). "KCB Offers 2 Billion Shares To Rwandans". [[New Vision]] (Kampala).
  22. Mugwe, David. (28 September 2013). "Maendeleo Shares To Trade On Dar es Salaam Bourse". [[The EastAfrican]] (Nairobi).
  23. (3 November 2014). "Mkombozi Bank Formally Goes Public, Offers 5 Million Shares". [[Tanzania Daily News]] (Dar es Salaam).
  24. (11 March 2016). "Yetu Microfinance formally goes public". Daily News.
  25. (23 November 2020). "Jatu yaingia soko la hisa, mtaji wa soko waongezeka".
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