The Dar Es Salaam Stock Exchange (DSE) held a seminar aimed at assisting journalists to better report on Tanzania capital markets.
According to the opening remarks of Moremi Marwa, DSE CEO, “this will enhance the already in existence competences in reporting financial news, especially DSE related news. This is one of the many steps we are charting to bring to fruition our vision of making Dar es Salaam Stock Exchange and capital markets the focus for long term capital raising and for economic development in our country.”
“Through this initiative, our journalists will be able to understand, interpret and report activities at the Exchange and capital markets, in the process we will increase the level of knowledge to both Issuers and investors and also will increase the exchange’s public visibility and profile” he added.
During the seminar Moremi reminded that DSE expects between three and five companies to list at DSE new Enterprise Growth Market (EGM) this year.
EGM was introduced in 2013 to enable company, including startups and SME’s that do not meet the stringent requirements to list on the Main Investment Market Segment (MIMS) of DSE.
Currently only one company is listed at EGM, Maendelo bank, on November 2013.
Maendeleo shares were introduced at TZS500 and reached TSZ600 on the very first day of listing, showing the investors’ appetite for new companies to list at DSE.
However in Tanzania, the government remains the major player in the stock market, mostly by issuing bonds.
Follow the links to access DSE files that were presented at the seminar.
– The role of stock exchanges in the economy:
http://tanzaniainvest.com/downloads/Role-Of-Stock-Exchange-Economy-TanzaniaInvest.pdf
– DSE indexes and terminology:
http://tanzaniainvest.com/downloads/Dar-Stock-Exchange-Index-Terminologies-TanzaniaInvest.pdf
