Tukiwekeza kwenye Dollars je tutapata returns kwenye Dollars??? kuna mtu anajua hili
Tanzania is concerned about little enthusiasm shown by its citizens to join the Dar es Salaam Stock Exchange (DSE) business, with only 200,000 people, equivalent to 0.4 percent of the population of over 40 million, listed on the burse.
DSE ought to promote itself and attract more potential firms to participate and woo at least five million Tanzanians to join the bourse in the future, Finance and Economic Affairs Minister Mustafa Mkulo said.
According to DSE Vice-Chairman few Pius Maneno among the challenges in the sector is the fact there are few listed companies and limited public participation. However, Mkulo said Tanzanians should come out to buy shares through the13-years-old bourse.
Analysts say there are firms in the country that qualify to be listed at DSE that are not willing apparently owing to a lack of benefits of listing on the bourse.
They include mining firms that make lucrative business, commercial banks, insurance companies and former prastatal organizations, which have now been privatised.
Several mining firms operating in Tanzania are subsidiaries of companies that are listed in Toronto, New York, London, Johannesburg and Sydney stock exchanges.
DSE, which has been cited as the 2011 Best Sustainable Stock Exchange in Africa by London-based World Finance - a top and powerful financial magazine - started in 1998, with the Tanzania Oxygen Limited (TOL) as the first firm to list on the bourse.
By late 2010, there were 15 listed firms with total market capitalisation of $3.37 billion, 79 treasury bonds with outstanding amount of $957.4 million and six corporate bonds with outstanding amount of $64.9million.
The listed firms include the CRDB Bank, Dar es Salaam Community Bank (DCB), East African Breweries Limited (EABL), Jubilee Holdings Limited (JHL), Kenya Airways (KA) and KCB Group.
Others are National Investment Company Limited (NICOL), Nation Media Group, National Microfinance Bank (NMB), Swissport Tanzania Limited (Swissport) and Tanga Cement Company Limited (Simba).
In the list there is also Tanzania Breweries Limited (TBL), Tanzania Cigarette Company (TCC), Tanzania Portland Cement Company (Twiga), Tanzania Tea Packers (Tatepa).
EABL, KA, Nation Group, JHL are also cross-listed on the Uganda Securities Exchange (USE) and the Nairobi Stock Exchange (NSE).
The membership of DSE includes six brokerage firms and 32 associate members. It is also composed of pension funds, insurance companies, commercial banks, professional bodies and listed companies.
DSE is a member of the East African Stock Exchanges Association, the Southern African Committee of Stock Exchanges and the African Stock Exchanges Association.
Tanzania is concerned about little enthusiasm shown by its citizens to join the Dar es Salaam Stock Exchange (DSE) business, with only 200,000 people, equivalent to 0.4 percent of the population of over 40 million, listed on the burse.
DSE ought to promote itself and attract more potential firms to participate and woo at least five million Tanzanians to join the bourse in the future, Finance and Economic Affairs Minister Mustafa Mkulo said.
According to DSE Vice-Chairman few Pius Maneno among the challenges in the sector is the fact there are few listed companies and limited public participation. However, Mkulo said Tanzanians should come out to buy shares through the13-years-old bourse.
Analysts say there are firms in the country that qualify to be listed at DSE that are not willing apparently owing to a lack of benefits of listing on the bourse.
They include mining firms that make lucrative business, commercial banks, insurance companies and former prastatal organizations, which have now been privatised.
Several mining firms operating in Tanzania are subsidiaries of companies that are listed in Toronto, New York, London, Johannesburg and Sydney stock exchanges.
DSE, which has been cited as the 2011 Best Sustainable Stock Exchange in Africa by London-based World Finance - a top and powerful financial magazine - started in 1998, with the Tanzania Oxygen Limited (TOL) as the first firm to list on the bourse.
By late 2010, there were 15 listed firms with total market capitalisation of $3.37 billion, 79 treasury bonds with outstanding amount of $957.4 million and six corporate bonds with outstanding amount of $64.9million.
The listed firms include the CRDB Bank, Dar es Salaam Community Bank (DCB), East African Breweries Limited (EABL), Jubilee Holdings Limited (JHL), Kenya Airways (KA) and KCB Group.
Others are National Investment Company Limited (NICOL), Nation Media Group, National Microfinance Bank (NMB), Swissport Tanzania Limited (Swissport) and Tanga Cement Company Limited (Simba).
In the list there is also Tanzania Breweries Limited (TBL), Tanzania Cigarette Company (TCC), Tanzania Portland Cement Company (Twiga), Tanzania Tea Packers (Tatepa).
EABL, KA, Nation Group, JHL are also cross-listed on the Uganda Securities Exchange (USE) and the Nairobi Stock Exchange (NSE).
The membership of DSE includes six brokerage firms and 32 associate members. It is also composed of pension funds, insurance companies, commercial banks, professional bodies and listed companies.
DSE is a member of the East African Stock Exchanges Association, the Southern African Committee of Stock Exchanges and the African Stock Exchanges Association.
