Entries by broker

Capital markets investment value up by 23pc

DAR ES SALAAM: CAPITAL markets investment value has increased by 23.2 per cent as of last month compared to the amount recorded in April last year. New records reveal that the investment value has reached 43.4tri/- as of April this year compared to 35.2tri/- recorded during the corresponding period previous year, according to Chief Executive […]

Tanzania drums for more low-income-centred mutual funds

DAR ES SALAAM: THE government yesterday launched a mutual fund that targets the low-income bracket, a move envisaged to accelerate financial inclusion in the country. The collective scheme, Timiza Fund, introduced by Zan Securities, one of the leading stock brokerage firms, is the first private sector mutual fund and the third in the market. The sector […]

DSE out to foster investment literacy

DAR ES SALAAM: DAR ES SALAAM Stock Exchange (DSE) yesterday staged a research challenge aimed at fostering financial and investment literacy among students from higher learning institutions. The ‘CFA Institute Research Challenge 2023/2024 local competition’ supervised by the CFA Society East Africa intends to empower youth on various financial matters. The DSE’s Acting Director, Ms Mary […]

Maendeleo profit increases threefold in Q4

TANZANIA: MAENDELEO Bank’s net profit increased three times in last year’s fourth quarter, attributed to a non-interest income raise. The bank’s financial statement released recently displayed net profit soared to 776m/- in the three months to December last year from 258m/- in a comparative quarter in 2022. The lender, with more than 124bn/- of assets, until […]

TBL appoints first female managing director in company’s 90-year history

TANZANIA: Michelle Kilpin has been selected as the new Managing Director of Tanzania Breweries Limited (TBL), marking the first time in the company’s 90-year history that a woman has held this top position. She succeeds Jose Moran, who is transitioning to a regional portfolio within the continent. “TBL is honored to welcome Ms. Michelle Kilpin to […]

DSE stock value up by 68pc

DAR ES SALAAM: THE stock value in the Dar es Salaam Stock Exchange (DSE) increased by 68 per cent last year, thanks to supportive government monetary policy and enhanced financial inclusion. The stock value rose to 225tri/- in 2023 from 134bn/- recorded in the previous year, marking a robust performance and resilience in the stock market. […]

Block-trading drought affects DSE turnover

DAR ES SALAAM: DAR ES SALAAM Stock Exchange (DSE) market turnover has declined by 23 per cent notably due to reduced activities in the pre-arranged boards. The bourse turnover went down to 1.4bn/- for the seven days ending last Friday from 1.82bn/- of the previous week. Zan Securities said in its weekly market wrap-up report that […]

UTT fund value balloons by 50pc in one year

TANZANIA: THE UTT AMIS fund value has increased by 54 per cent in one year, attributed to improved investor’s confidence in the financial markets. In the report released on Sunday during the 15th Annual General Meeting (AGM), the value soared to 1.53tri/- at the end of June from 996.5bn/- of the same period last year, an […]

TCCIA Investment to raise over 10bn/- through shares

DAR ES SALAAM:THE TCCIA Investment Ltd on Thursday launched an initial rights offering for selling over 72.9 million shares targeting to raise 10.58bn/- by December 1, this year. The funds earned from the sale will enable the TCCIA Investment Company to beef up its investment in the capital markets. This will include investment in corporate […]