Africa-Press – Tanzania. Vice President Ambassador Dr Emmanuel Nchimbi, has urged the Dar es Salaam Stock Exchange (DSE) to embrace innovation in its market operations to attract more investment into the country.
The Vice President made the remarks during a meeting in Dodoma with the Chief Executive Officer of the DSE, Mr Peter Nalitolela, emphasizing that Tanzania’s official marketplace for buying and selling shares, bonds, and other financial securities must continue working diligently to meet the country’s growing investment demands.
According to a statement issued by the Vice President’s Office (VPO), Mr Nalitolela reaffirmed the Exchange’s commitment to working closely with the government to mobilize capital in support of the National Development Vision 2050, which aims to transform Tanzania into a one-trillion-US-dollar economy by 2050.
The Dar es Salaam Stock Exchange is a strategic national institution that facilitates the mobilization and management of long-term capital to finance Tanzania’s economic development.
It provides a transparent and well-governed platform for both domestic and international investors to trade shares, bonds, and other financial instruments.
The total market capitalization of the DSE stands at 31.9tri/-, with 779,000 registered investors.
The DSE is a member of global stock exchange networks and regional blocs including the East African Community (EAC) and the Southern African Development Community (SADC).
Incorporated in 1996, the DSE became operational on 15 April 1998 when TOL Gases Ltd was listed.
The Exchange envisions becoming the preferred avenue for capital raising and sustainable investment, with a mission to maximize stakeholders’ value through efficient capital allocation and sustainable investment opportunities. Its strategic goals focus on maintaining an efficient market, serving as a hub for listing and capital raising, and delivering sustainable returns.
The DSE’s governance structure is built on three pillars, with the General Meeting of shareholders as the apex.
The annual general meeting (AGM) allows directors to present the company’s annual report, highlighting performance and strategic direction to shareholders.
