Tag Archive for 'Dar Es Salaam Stock Exchange'

Dar es Salaam Stock Exchange boosts operations and incomes

The Dar es Salaam Stock Exchange made operational improvements in 2013 including doubling trading hours, reducing settlement times on equities and bonds and introducing a wide-area network (WAN). Turnover soared five-fold to $156 million compared to 2012.

Top performances for USD investors at Africa’s stock exchanges

Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the S&P 500.

New CEO announced for Dar es Salaam Stock Exchange

Tanzanian news media yesterday (1 May) announced that 37-year old Moremi Marwa has been appointed as the new CEO of the Dar es Salaam Stock Exchange. He is the first stockbroker to manage the securities exchange.

SADC stock exchanges work together towards links, shared skills and better visibility

The ten stock exchanges of the Southern African Development Community (SADC) are working together to increase the effectiveness of their markets. The Committee of SADC Stock Exchanges (CoSSE) has agreed to concentrate on six priority areas in support of regional moves to more efficient capital markets.

Tanzanite miner Richland heads for Dar-es-Salaam bourse listing

Tanzanians are to be able to invest in the gems that bear their country’s name, tanzanite. Richland Resources Ltd, listed on the London Stock Exchange’s AIM market says that it plans listing at the Dar es Salaam Stock Exchange by April, according to local press reports.

East African investors opening accounts at Nairobi Stock Exchange

The number of investors from other East African countries opening trading accounts at Kenya’s Nairobi Stock Exchange is still very small, but has grown more consistently in the last 2 years than other categories of investors.

Precision Air IPO launches tomorrow in Tanzania

The Initial Public Offering (IPO) of 58,841,750 shares at TSh 475 (US$ 28 cents) each in Tanzania’s Precision Air Services is set to start on 7 October and continue to 28 October, aiming for a listing and trading on the Dar Es Salaam Stock Exchange from 8 December.

Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing

The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air during September and cross-listings of 2 mining firms listed in London. Tanzania is also set to ease controls on the amount of shares foreigners can buy.