Tanzania Stock Exchange Closes 2021 With Market Capitalization Up By +4.7% at USD 6.9 B

The Dar es Salaam Stock Exchange (DSE) closed on Friday 31th December 2021 with a total market capitalization of TZS 15,809.44 bln (USD 6,905.14 mln) compared to 15,094.71 bln on Thursday 31st December 2020 (+4.73%).

During the week, DSE recorded a total turnover of TZS 98.73 mln from 151,036 shares traded in 41 deals; and TZS 13.48 Billion from bonds traded in 5 deals.

During the previous week, DSE recorded a total turnover of TZS 51.09 mln from 141,260 shares traded in 36 deals; and TZS 33.08 bln from bonds traded in 6 deals.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

Indexes

IndexesClosing Price 31 December 2021Closing Price 31 December 2020 YOY Change (%)
All Share Index (DSEI)1,896.711,816.88+4.39%
Tanzania Share Index (TSI) 3,565.183,484.53+2.31%
Industrial & Allied (IA)4,971.354,823.24+3.07%
Banks, Finance & Investment (BI) 2,393.122,330.32+2.69%
Commercial Services (CS)2,134.282,139.33-0.24%

Stocks

The best performer over the year was Tanga Cement (TCCL) with an increase of +120% in its share price from TZS 500 on 31st December 2020 to TZS 1,100 on 31st December 2021.

The cement producer’s shares were trading at TZS 400 in October 2021 when they started a surge upwards as HeidelbergCement (ETR:HEI), one of the world’s largest manufacturers of building materials, signed an agreement to acquire 68% of Tanga Cement.

NICO Insurance stock price grew by +62.12% over the year, the Dar es Salaam Stock Exchange‘s price grew by +47.73%, and CRDB bank‘s price grew by +43.59%.

Other positive accounts were Tanzania Portland Cement Company (TPCC, +36%), Nation Media Group (NMG, +15.63%), Kenya Commercial Bank (KCB, +13.58%), Jubilee Insurance (+12.17%), and TOL Gases (+3.64%).

CompanyClosing Price 31 December 2021Closing Price 31 December 2020 YOY Change (%)
CRDB280195+43.59%
DCB190265-28.30%
DSE1,300880+47.73%
EABL3,3603280+2.44%
JATU4102980-86.24%
JHL6,4505,750+12.17%
KA80800.00%
KCB920810+13.58%
MBP4904900.00%
MCB5005000.00%
MKCB7807800.00%
MUCOBA4004000.00%
NICO300185+62.16%
NMB2,0002,340-14.53%
NMG370320+15.63%
PAL4004000.00%
SWALA4904900.00%
SWIS1,0001,120-10.71%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,100500+120.00%
TICL3503500.00%
TOL570550+3.64%
TPCC3,4002,500+36.00%
TTP1201200.00%
USL550.00%
VODA7707700.00%
YETU510550-7.27%
Related Posts
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 50 of 2025: Equity Turnover Dips -30.49%, ETF Trading Surges +49.16%, DSE Leads with +19.42%

During the four-day trading week (Week 50 of 2025), the Dar es Salaam Stock Exchange (DSE) saw a continuation of mixed results; equity turnover and volume declined compared to Week 49, but the primary domestic indices showed strong gains, fueled by significant appreciation in key stocks. The Bond market experienced a sharp reduction in activity. DSE stock recorded the highest appreciation, surging by +19.42%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 49 of 2025: Bond Market Surges +119.11%, Equity Turnover Dips -62.31%, MKCB Leads with +7.50%

During Week 49 of 2025, the Dar es Salaam Stock Exchange (DSE) experienced mixed results; while the equities market saw a sharp correction in trading volumes and turnover following the previous week's rally, the debt market recorded significant growth. The primary stock indices all recorded gains, maintaining a positive trajectory. MKCB stock recorded the highest appreciation, rising by +7.50%.
Tanzania Tanga Simba Cement TCCL Right Issue 2025
Read More

Tanga Cement Rights Issue Achieves 100% Subscription

Tanga Cement has raised TZS 203.74 billion through a fully subscribed Rights Issue, resulting in the listing of 127,342,090 new shares on the Dar es Salaam Stock Exchange. The funds will support balance sheet strengthening, debt repayment, and production expansion under the company’s strategic plan.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 48 of 2025: Equity Turnover Soars +155.62%, Bond Market Cools -24.34%, DCB Sees +11.11% Surge

During Week 48 of 2025, the Dar es Salaam Stock Exchange (DSE) experienced a robust week for equities, marked by a massive surge in trading volumes and turnover, while the debt market saw a pullback. The primary stock indices recorded slight gains, maintaining a stable trajectory. DCB stock recorded the highest appreciation, rising by +11.11%.