The Latest

TOL Gases Share Price Rises As The Company Shows Positive 2013 Results

May 14, 2014
1 minute read

TOL Gases Ltd, the leading manufacturer and distributor of industrial and medical gases in Tanzania, listed at the Dar Es Salaam stock exchange, published its 2013 audited Financial Results.

Revenues increased by 13% from TZS 9.5 billion in 2012 to TZS 10.8 billion in 2013 while profit for the year increased by 5% from TZS 952 million to TZS 998.5 million.

During the company last annual general meeting held on 29th April 2014 TOL board chairman Harold Temu, indicated that higher performances could have been achieved if the company had not been faced with a number of operational challenges.

Tanzania Investment Guide 2026 Free Edition

These included pressure drop from the just commissioned wells at the company’s new Ikama plant in Mbeya, which resulted in limited carbon dioxide production levels for six months of 2013. However, the problem was resolved.

Following the publication its audited accounts, the company listed at the Dar Es Salaam stock exchange saw its share price increase form TZS 310 to TZS 400 currently.

Meanwhile TOL Gases recent right issue has been oversubscribed by 32.7%.

Follow the link to download TOL Gases 2013 Financial Statements: 

http://tanzaniainvest.com/downloads/TOL/TOL-Gases-Tanzania-Results-2013.pdf

Tanzania Investment Guide 2026 Full Edition

Want to know more about the Capital Markets in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Capital Markets, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free OverviewGet the Full Guide
Tweet
Share
Share
Share
Related Posts
Vintan Mbiro Breakthrough Attorneys Brighton Kinemo TIB Rasilimali Signing MOU
Read More

Tanzanian Stockbroker and Law Firm Sign MoU on Trust Fund Management

Tanzanian stockbroker and financial advisory firm TIB Rasilimali and law firm Breakthrough Attorneys signed an MoU to provide trust fund management and wealth advisory services in Tanzania. The agreement brings together legal advisory, trust structuring and fiduciary services with investment advisory, securities brokerage, portfolio management and capital markets services.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 31 of 2026: Equity Turnover Surges +155.54% to TZS 64.53 Billion as TCCL (+33.54%) and VODA (+21.21%) Lead Gainers

Equity turnover at the Dar es Salaam Stock Exchange surged +155.54% week-on-week to TZS 64.53 billion during Week 31 of 2026, with 15,883,064 shares changing hands across 21,680 deals. TCCL advanced +33.54%, VODA rose +21.21%, and USL gained +16.67% among the top performers, while MCB fell -53.03%, KA declined -38.89%, and PAL slipped -11.11% among the week's losers. Total market capitalisation closed at TZS 36,528.82 billion, with the DSEI rising +0.97% and the Commercial Services index leading sectoral gains at +19.91%. Bond market turnover reached TZS 84.18 billion, contracting -20.14% from the prior week.
IFC NMB Offshore Tanzanian Shilling Bond Listing
Read More

First Offshore Tanzanian Shilling Bond Lists on London Stock Exchange Raising TZS 265.2bn for SME Lending

The International Finance Corporation (IFC) has listed the first offshore Tanzanian shilling bond on the London Stock Exchange (LSE), raising TZS 265.2 bn (USD 100m equivalent) in the largest shilling-denominated issue ever placed in international capital markets. Proceeds fund a local currency facility for NMB Bank, Tanzania's second-largest, with 20% ring-fenced for women-owned MSMEs and an estimated 13,000 to 20,000 jobs expected to be supported.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 30 of 2026: Equity Turnover Plunges -85.73%, KA (+56.52%) and USL (+20.00%) Lead as Best Stock Performers

Dar es Salaam Stock Exchange equity turnover plunged -85.73% week-on-week to TZS 25.25 billion across 7,226,602 shares and 13,398 deals during the five trading sessions spanning July 20th to July 24th. KA (+56.52%), USL (+20.00%), and TTP (+5.62%) ranked as the week's top gainers, while MCB (-20.48%), PAL (-7.69%), and MUCOBA (-5.10%) led declines. Total market capitalisation closed Friday at TZS 36,177.68 billion, with the DSEI advancing +0.93% and the Commercial Services index rising +2.45%. Bond market turnover reached TZS 105.41 billion, falling -39.71% week-on-week.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide