The Dar es Salaam Stock Exchange (DSE) has announced remarkable growth in the turnover of its Mobile Trading Platform (MTP) for the first half of 2024, significantly surpassing the combined turnover of the previous four years.
According to a recent post from the DSE, the MTP achieved a turnover of TZS 4.6 billion in the first six months of 2024. This figure represents a substantial increase compared to the full-year turnovers of TZS 2 billion in 2023, TZS 842 million in 2022, and TZS 369 million in 2021.
The growth trajectory of the MTP has been noteworthy since its inception in 2020 when it recorded a turnover of TZS 9.8 million in its initial three months. The subsequent years have seen significant year-on-year increases:
- 2021: Turnover increased to TZS 369 million, a 3,665% increase from 2020.
- 2022: Turnover rose to TZS 842 million, a 128% increase from 2021.
- 2023: Turnover peaked at TZS 2 billion, a 137% increase from 2022.
- First Half of 2024: Turnover reached TZS 4.6 billion, a 130% increase from the entire year of 2023.
“We are pleased with the rapid adoption and growth of the Mobile Trading Platform,” the post reads. “These achievements reflect our ongoing commitment to enhancing accessibility and efficiency in the Tanzanian stock market.”
The DSE is currently in the process of integrating additional features into the MTP, taking into account feedback from stakeholders and users. The platform has also been extended to include diaspora clients and corporate entities, further broadening its user base.
As the DSE approaches the second half of 2024, it anticipates continued growth and success for the MTP. The exchange remains open to suggestions and feedback to ensure the platform meets the evolving needs of its users.
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