Dar es Salaam Stock Exchange explained

Dar es Salaam Stock Exchange
Type:Public
Foundation:19 September 1996
City:14th Floor, Golden Jubilee Towers, Ohio Street, Ilala, Dar es Salaam
Country:United Republic of Tanzania
Coordinates:-6.8136°N 39.2892°W
Owner:Government of Tanzania (15%)
Public (85%)
Key People:Ellinami Minja (Chairman)
Peter Situmbeko Nalitolela (CEO)
Currency:Tanzanian shilling
Listings:29
Mcap:TSh 23,721.49 billion June 2015
Indexes:TSI Tanzania Share Index
DSEI Dar Stock Exchange Index
IA Industrial & Allied
BI Banks, Finance and Investment
Industry:Financial Services
Products:Shares, Bonds, REITs

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).[1] 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.[2]

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.[3] 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.[4]

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.[5] 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.[6] The company offered 30% of the company's stock on the stock exchange represented by 15,000,000 ordinary shares.[7]

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.

201120122013201420152016201720182019
Market Capitalization (TSh billion)5,92612,77314,05818,90223,72121,72823,07619,67717,105
Value of Shares traded (TSh billion)48.2544.4573.00272.45879.22733.66711208625
Tanzania Share Index (TSI points)1,051.921,206.991,840.113,561.624,684.093,706.153,9193,4313,691
Income and Expense Summary
Income (TSh billion)2.011.812.093.54.354.7910.706.438.39
Expenses (TSh billion)1.732.252.043.003.073.105.444.674.84
Profit/Deficit (TSh million)n/a186.35501.011,942.852,010.265,2661,7573,547
Securities and Bonds Summary
Value of Outstanding Listed Govt. Bonds (TSh billion)1,912.972,287.312,991.773,696.154,263.674,896.858,1089,43610,533
Treasury Bonds Listed (TSh billion)918433977n/an/an/an/an/an/a
Fixed Income Securities Trading (TSh billion)363248452477n/an/an/an/an/a
Notes[8] [9] [10] [11] [12] [13] [14]

Ownership

As of December 2019, the company stock was owned by corporate entities and individuals. The largest shareholders are listed in the table below.[15]

Rank !!Name of Owner!!Percentage Ownership
1Government of Tanzania15.0
2Briarwood Capital Partners LP 12.0
3Mr. Aunali F. Rajabali and Sajjad F. Rajabali10.0
4National Investments Company Limited Tanzania5.0
5General Public58.0
6TOTAL100.0

Services

Market listing

there are 27 listed companies, five corporate bonds and eight government bonds. The table below summarises the current market listings:[20] [21]

Main Exchange
SymbolCompanyISINDate ListedNotes
1.TOLTol Gases LimitedTZ199610000815/04/1998Production 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.SIMBA Tanga Cement Company LimitedTZ199610005726/09/2002Cement
6.SWISSwissport Tanzania Plc.TZ199610004026/09/2003Aviation, Ground Handling, Cargo Handling
7.TWIGATZ199610002429/09/2006Cement
8.DCB Dar es Salaam Community BankTZ199610021416/09/2008Banking, Finance
9.NMB National Microfinance BankTZ199610022206/11/2008Banking, Finance
10.KAKenya AirwaysKE000000030701/10/2004Aviation
11.EABLEast African Breweries LimitedKE000000021629/06/2005Beer, Gin, Spirits
12.JHL Jubilee Holdings LimitedKE000000027320/12/2006Insurance
13. KCB KCB GroupKE000000031517/12/2008Banking, Finance
14.CRDB CRDB BankTZ199610030517/06/2009Banking, Finance
15.NMG Nation Media GroupKE000000038021/02/2011Publishing, Printing, Television, Broadcasting[22]
16.ACA African 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 (Limited) Tanzania03/06/2018Mutual fund, Finance
Enterprise Growth Market (EGM)
SymbolCompanyISINDate ListedNotes
1.MCBMwalimu Commercial BankTZ199610212927/11/2015Banking
2.MBPMaendeleo Bank[24] TZ199610168304/11/2013Banking, Finance
3.MKCBMkombozi Commercial Bank[25] TZ199610197229/12/2015Banking
4.YETUYetu Microfinance PLC[26] TZ199610234410/03/2016Microfinance
5.MUCOBMUCOBA Bank PLCTZ199610241910/09/2016Banking
6.JATUJATU PLC[27] TZ199610380423/11/2020Agriculture

See also

External links

Notes and References

  1. Web site: Tanzania: Stock Trading Publicity Kicks-Off. 12 June 2000. 15 November 2014. TOMRIC News Agency (Dar es Salaam) (TNA) via AllAfrica.com.
  2. News: East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets. 22 July 2015. International business times. 9 July 2013.
  3. Web site: DSE_FAQ. DSE-TZ. 22 July 2015. 8 January 2022. https://web.archive.org/web/20220108232849/https://dse.co.tz/sites/default/files/dsefiles/0615-FAQ_2013_0.pdf. dead.
  4. Web site: DAR ES SALAAM STOCK EXCHANGE . https://web.archive.org/web/20150722224219/http://www.african-exchanges.org/members/dar-es-salaam-se . 22 July 2015 . 22 July 2015 . African Securities Exchanges Association.
  5. Web site: Demutualisation of the Dar Es Salaam Stock Exchange . dse.co.tz . Dar es Salaam Stock Exchange . 17 January 2016 . https://web.archive.org/web/20160306034856/http://www.dse.co.tz/sites/default/files/dsefiles/Press%20Release%20-%20DSE%20PLC%20%26%20Interim%20Board%20-%202015.pdf . 6 March 2016 .
  6. News: Dar es Salaam Stock Exchange aims for IPO and self listing Q1 2016. 17 January 2016. African Capital Markets. 2 July 2015.
  7. Web site: Dar es Salaam Bourse Begins Self-Listing Process. Maina. Milly W.. 2016-05-13. Footprint to Africa. en-US. 2016-05-16. https://web.archive.org/web/20160610082229/http://footprint2africa.com/dar-es-salaam-bourse-begins-self-listing-process/. 10 June 2016.
  8. Web site: Dar-Stock Exchange Annual Report 2012. DSE-TZ. 22 July 2015. 24 March 2015. https://web.archive.org/web/20150324140419/http://dse.co.tz/sites/default/files/dsefiles/DSE%20Financial%20Statements%202011-12%20NEW.pdf. dead.
  9. Web site: Dar-stock Exchange annual report 2013. DSE-TZ. 22 July 2015. 24 March 2015. https://web.archive.org/web/20150324130252/http://dse.co.tz/sites/default/files/dsefiles/1726-DSE%20Financial%20Statements%202012-13%20%2860%20page%29_0.pdf. dead.
  10. Web site: Dar-Stock Exchange Annual Report. DSE-TZ. 22 July 2015. 23 July 2015. https://web.archive.org/web/20150723050214/http://dse.co.tz/sites/default/files/dsefiles/DSE%202014%20ANNUAL%20REPORT.pdf. dead.
  11. Web site: DSE demutalization prospectus English . 16 May 2016 . dse.co.tz . Dar es salaam Stock Exchange . 16 May 2016 .
  12. Web site: Dar-es-salaam Stock Exchange Annual Report 2016. December 2016. dse.co.tz. DSE.
  13. Web site: 2019. DSE 2018 Financial Report.
  14. Web site: DSE Annual Financials 2019. Dar Stock Exchange. 5 June 2020. 5 June 2020. https://web.archive.org/web/20200605152502/https://dse.co.tz/sites/default/files/DSE%20REPORT.pdf. dead.
  15. Web site: DSE Annual Report 2017 . 12 June 2018 . https://web.archive.org/web/20180612211035/http://dse.co.tz/sites/default/files/DSE-ANNUAL%20REPORT%20%202017%20English%20Version.pdf . 12 June 2018 .
  16. News: DSE Ends 2015 With Remarkable Growth. 7 January 2016. The Citizen. AllAfrica. 1 January 2016.
  17. News: DSE Trading Now Goes Mobile . Daily News. 20 August 2015 . 21 August 2015 .
  18. Web site: Tanzania: Dse's Trading Through Mobile Phone Up 42 Pc. allAfrica.com. 2016-02-09.
  19. Web site: Tanzania: Mobile User Investors At Dar Bourse Increase. allAfrica.com. 2016-04-20.
  20. Web site: First Global Select. Companies Listed On the Dar es Salaam Stock Exchange. 15 November 2014. 29 November 2014. https://web.archive.org/web/20141129021724/http://www.moneyhub.net/scripts/cgiip.wsc/globalone/htm/company_list.r?picountry-id=20&pcsort=Alphabetic. dead.
  21. Web site: DSE-Listed Companies . Dar-es-salaam Stock Exchange . DSE . 21 July 2015 . https://web.archive.org/web/20150801110819/http://www.dse.co.tz/content/listed-companies . 1 August 2015 .
  22. Web site: Tanzania Approves Nation Media Group Cross-Listing. 17 December 2010. Samuel. Kamndaya. 15 November 2014. Daily Monitor (Kampala).
  23. Web site: KCB Offers 2 Billion Shares To Rwandans. 18 June 2009. 15 November 2014. David. Mugabe. New Vision (Kampala). https://web.archive.org/web/20150725013550/http://www.newvision.co.ug/D/8/220/685151. 25 July 2015.
  24. Web site: Maendeleo Shares To Trade On Dar es Salaam Bourse. David. Mugwe. 28 September 2013. The EastAfrican (Nairobi). 15 November 2014. 29 November 2014. https://web.archive.org/web/20141129020401/http://www.theeastafrican.co.ke/business/Maendeleo-shares-to-trade-on-Dar-bourse/-/2560/2010744/-/nkhixdz/-/index.html.
  25. Web site: Mkombozi Bank Formally Goes Public, Offers 5 Million Shares. Tanzania Daily News (Dar es Salaam). 3 November 2014. 14 November 2014. https://web.archive.org/web/20141129020432/http://www.dailynews.co.tz/index.php/biz/37866-mkombozi-bank-formally-goes-public-offers-5-mil-shares. 29 November 2014.
  26. News: Yetu Microfinance formally goes public . https://web.archive.org/web/20160312123224/http://dailynews.co.tz/index.php/business/47816-yetu-microfinance-formally-goes-public . 2016-03-12 . Daily News . Tanzania . 11 March 2016.
  27. Web site: Jatu yaingia soko la hisa, mtaji wa soko waongezeka. 2020-11-23. Mwananchi. 23 November 2020. en.

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