Dar es Salaam Stock Exchange


The Dar es Salaam Stock Exchange 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. 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. 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 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 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 and Nairobi Securities Exchange 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.
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
6TOTAL100.0

Services

there are twenty-three listed companies, five corporate bonds and eight government bonds. The table below summarises the current market listings:
; Main Exchange
SymbolCompanyISINDate ListedNotes
1.TOLTZ199610000815/04/1998Production of Oxygen, Industrial Gases, Welding Equipment
2.TBLTanzania Breweries LimitedTZ199610001609/09/1998Beer Brewing, Beer Marketing Beer Distribution
3.TATEPATanzania Tea PackersTZ199610006517/12/1999Tea Packaging & Distribution, Coffee Packaging & Distribution
4.TCCTanzania Cigarette Company LimitedTZ199610003216/11/2000Cigarettes, Tobacco Products
5.SIMBATanga Cement Company LimitedTZ199610005726/09/2002Cement
6.SWISSwissport Tanzania Plc.TZ199610004026/09/2003Aviation, Ground Handling, Cargo Handling
7.TWIGATanzania Portland Cement Company LimitedTZ199610002429/09/2006Cement
8.DCBDar es Salaam Community BankTZ199610021416/09/2008Banking, Finance
9.NMBNational Microfinance BankTZ199610022206/11/2008Banking, Finance
10.KAKenya AirwaysKE000000030701/10/2004Aviation
11.EABLEast African Breweries LimitedKE000000021629/06/2005Beer, Gin, Spirits
12.JHLJubilee Holdings LimitedKE000000027320/12/2006Insurance
13. KCBKCB GroupKE000000031517/12/2008Banking, Finance
14.CRDBCRDB BankTZ199610030517/06/2009Banking, Finance
15.NMGNation Media GroupKE000000038021/02/2011Publishing, Printing, Television, Broadcasting
16.ACAAfrican Barrick GoldGB00B61D2N6307/12/2011Mining
17.PALPrecision Air Services LimitedTZ199610104821/12/2011Aviation Services
18.SWALASwala Gas and OilTZ199610186511/08/2014Oil & Gas
19.USLUchumi SupermarketsKE000000048915/08/2014Supermarkets
20.DSEDar es Salaam Stock ExchangeTZ199610243412/07/2016Stock exchange
21.VODAVodacom TanzaniaTZ199610271515/08/2017Telecommunication Service Provider
22.TICLTCCIA Investment PLC16/03/2018Mutual fund, Finance
23.NICONational Investments Company Tanzania03/06/2018Mutual fund, Finance

; Enterprise Growth Market
SymbolCompanyISINDate ListedNotes
1.MCBMwalimu Commercial BankTZ199610212927/11/2015Banking
2.MBPMaendeleo BankTZ199610168304/11/2013Banking, Finance
3.MKCBMkombozi Commercial BankTZ199610197229/12/2015Banking
4.YETUYetu Microfinance PLCTZ199610234410/03/2016Microfinance
5.MUCOBMUCOBA Bank PLCTZ199610241910/09/2016Banking