Tanzania DSE-Listed Agribusiness Resumes Operations After Five-Year

Tanzania DSE-listed agribusiness JATU PLC (DSE: JATU) has resumed operations after a five-year halt.

JATU PLC announced the restart in a press release shared on its Instagram account on 27th October 2026, signed on behalf of its Board of Directors and by Salum Awadh, Chief Executive Officer of SSC Capital.

JATU PLC stated that the resumption follows the conclusion of legal proceedings and of matters related to the settlement agreements that had caused the suspension of its business operations since 2021, a period during which its shares remained listed on the Dar es Salaam Stock Exchange (DSE).

The company has engaged SSC Capital, a Tanzanian corporate advisory and investment banking firm, as its adviser on restructuring and business turnaround, to strengthen JATU’s institutional, financial, and operational systems and lay a sustainable foundation for the company’s future growth.

JATU PLC will restart and restore its business operations in phases, on a sound, sustainable, and accountable basis, and will release further information at an appropriate time on its operating structure, business activities, management arrangements, investment and business programmes, and how it will run its operations going forward.

The company acknowledged that the suspension of its operations created major challenges and uncertainty for shareholders, employees, business partners, creditors, and regulators, and committed to keeping them informed as the restart progresses.

JATU’s share price did not move after the press release: from 28 to 30 October 2026 the stock closed at TZS 200 (± USD 0.08) each day, with trades recorded only on 28 October (119 shares in 3 deals) and 29 October (257 shares in 2 deals), together worth TZS 75,200 (± USD 28), and no trades on 30 October.

The closing price of TZS 200 is 60% below the TZS 500 (± USD 0.22) at which the company sold new shares to the public in June 2021.

JATU PLC Listing, Share Offer, and Investor Claims

JATU, short for Jenga Afya Tokomeza Umaskini, began in 2016 as a project of the Legal Protection and Life Improvement Organization (LPLIO) and was registered as a public company on 20 October 2016, combining farming, food processing, and network marketing of its products through its JATU Market app.

The company grows beans, rice, maize, sunflower, avocados, oranges, sweet potatoes, onions, and vegetables, and processes them at its maize flour and sunflower oil mill in Kibaigwa (Dodoma), its rice plant in Kilombero (Morogoro), and its bean facility in Kilindi (Tanga).

On 23 November 2020 JATU officially became a member of the DSE, listing 2,164,349 shares on the Enterprise Growth Market (EGM), a segment for smaller companies, with trading opening at TZS 420 (± USD 0.18) per share.

The price rose more than 160% to TZS 1,100 within a month and reached TZS 1,200 (± USD 0.52) before the DSE suspended trading from 1 June to 28 July 2021, on guidance from the Capital Markets and Securities Authority (CMSA), to carry out a share split, which divides existing shares into a larger number at a lower price each so that prices before and after the split cannot be compared directly, and a public offer of new shares.

The offer opened on 1 June 2021, when JATU sold 15 million new shares to the public at TZS 500 each to raise TZS 7.5 billion (± USD 3.2 million), and 15,526,372 shares were taken up, a 104% subscription that attracted about 10,000 new investors.

After trading resumed, the stock peaked at TZS 1,030 on 10 September 2021, closed the year at TZS 410, 18% below the offer price, and fell to TZS 190 by 25 March 2022.

In August 2022, Chief Executive Officer Peter Isare Gasaya left the company, and Company Secretary Mohamed Issa Simbano was appointed Acting Chief Executive Officer.

In the same month, the Minister for Agriculture, Hussein Bashe, directed the Prevention and Combating of Corruption Bureau (PCCB) to investigate how the company collected about TZS 7.467 billion (± USD 3.2 million) in farm investment contracts during the 2020/21 season, following complaints from members of the public who had paid JATU to farm on their behalf.

Gasaya was charged on 29 December 2022 at the Kisutu Resident Magistrate’s Court with obtaining TZS 5.1 billion (± USD 2.2 million) by false pretences from the JATU SACCOS between 2020 and 2021, before the Director of Public Prosecutions (DPP) withdrew the case on 11 April 2023.

JATU shares were quoted unchanged at TZS 265 from October 2023 until early October 2026, then moved to TZS 270 on 9 October, fell 14.81% to TZS 230 on 16 October, and fell a further 13.04% to TZS 200 on 23 October.