The Latest

Dar es Salaam Stock Exchange to Open its Alternative Market

November 4, 2013
1 minute read

Dar es Salaam’s alternative market stock exchange will open on Thursday, November 7th with Maendeleo Bank as the first listing.

 Dar es Salaam’s alternative stock exchange will open next Thursday, November 7th with Maendeleo Bank as the first listing.

The alternative market, known as the Enterprise Growth Market (EGM), will target start-up businesses and business refinancing in an effort to help Small and Medium Enterprises raise capital and thrive in the Tanzanian market.

Maendeleo Bank has put eight-million shares on primary sales with an underwriting option to sell additional 1.2 million shares.

The currently shares price is TZS 500 in lots of 100 or multiples of 10.

Maendeleo Bank is the first qualifying firm for the EGM after making an Initial Public Offer (IPO).

Mwanza Community Bank, currently in the IPO stage, is the second possible company to be listed at the alternative market.

The Dar es Salaam Stock Exchange has been trading since 1998, and as of October 2013 there were seventeen listed companies, eight government bonds, and five corporate bonds. 

Want to know more about the Capital Markets in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers the Capital Markets, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 24 of 2026: Equity Turnover Surges +30.51% to TZS 27.03 Billion as TOL (+30.63%) Leads as Best Stock Performer

The Dar es Salaam Stock Exchange recorded equity turnover of TZS 27.03 billion during Week 24 of 2026, a week-on-week rise of +30.51%, on 6,955,576 shares traded across 21,844 deals. TOL advanced +30.63%, KA gained +4.35%, and EABL rose +4.34%, while MUCOBA fell -15.45%, AFRIPRISE declined -12.32%, and MCB dropped -11.97%. Total market capitalisation closed the week at TZS 33,778.87 billion as the DSEI edged -1.17% and the Commercial Services index slid -4.58%. Foreign investors were net sellers, registering a net outflow of USD -5,540,226. Bond market turnover reached TZS 50.76 billion, contracting -42.21% week-on-week.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 23 of 2026: Equity Turnover Surges +51.19% to TZS 20.71 Billion as MUCOBA (+38.20%) and TOL (+22.65%) Lead Gainers

During Week 23 of 2026 (June 1-5), DSE equity turnover surged +51.19% to TZS 20.71 billion on volume of 6,557,479 shares across 19,464 deals. MUCOBA (+38.20%), TOL (+22.65%) and MCB (+12.50%) led gainers, while NMG (-3.77%), TBL (-3.36%) and EABL (-3.01%) topped losers. Total market capitalisation closed at TZS 34,178.81 billion with the DSEI essentially flat at -0.04%, and Commercial Services (+3.06%) was the standout index. Foreign investors were net sellers at USD -1,690,466. Bond turnover totaled TZS 87.84 billion, down -6.30% week-on-week.

Want to know more about investing in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers key sectors, regulations, and investment opportunities—all in one place.

Download Free Guide