Entries by broker
DCB consolidates capital base and profit generation
Dar es Salaam. Despite facing economic challenges, DCB Commercial Bank has consistently expanded its capital base, while its profit generation has also maintained an incremental trend, the bank told shareholders over the weekend. Addressing the 21st edition of the Annual General Meeting (AGM) of the bank’s shareholders, chairperson of the bank’s Board of Directors Zawadia […]
Pro-growth budget
THE government has hiked taxes on beers, cigarettes and gambling machines and increased road and fuel tolls to raise additional revenue and promote growth. Presenting government budget estimates for 2023/24 financial year in the National Assembly on Thursday, the Minister for Finance and Planning, Dr Mwigulu Nchemba said road and fuel tolls would be increased […]
DSE records substantial market turnover in May
DAR ES SALAAM Stock Exchange (DSE) has recorded a significant activity after equity market turnover increased by 113 per cent last month, thanks to dividend payments. Exodus Advisory, a Monthly Market Report, said the equity turnover increased from 4.36bn/- in April to 9.25bn/- last month. “This primarily resulted from stock demand spurred by release of […]
BoT insists foreign exchange reserves sufficient
BANK of Tanzania (BoT) has said the country is experiencing shortages of US dollars, the dominant currency in international transactions but insisted that there was no cause for alarm, as the level of reserves was sufficient to cover four months of imports. BoT Director of Economic Research and Policy, Dr Suleiman Missango told editors in […]
DSE trading activities slow down
Equity market TRADING activities on the Dar es Salaam Stock Exchange (DSE) registered reduced activities for the trading week ending June 2nd. The total turnover for the week reached TZS 921.11 million, marking a decrease of 81.23 per cent compared to the previous week. The overall market exhibited mixed sentiments, resulting in growth in the […]
Sh1.4 billion approved for Swissport shareholders
Dar es Salaam. Shareholders of Swissport Tanzania Plc will receive a Sh1.4 billion dividend as the ground handling firm’s profit rises. This translates into a Sh41.8 dividend per share. The firm’s CEO, Mrisho Yassin, said the company’s profit before tax rose to Sh3.9 billion in 2022 from Sh2 billion in the preceding year. The company […]
NMB shareholders to pocket 143.1bn/- dividend
NMB Bank has raised its dividend payout to shareholders to a record of 286/- per share this year up from 196/- last year as interest income boosted earnings in the year ended last December. Owners of one of the country’s top lender unanimously declared the new cash bonus on Friday during the 23rd Annual General […]
TBL’s pre-arranged deal boosts DSE turnover by Sh4.7 billion
Dar es Salaam. Turnover at the Dar es Salaam Stock Exchange (DSE) rose by 23 percent last week, thanks to a Sh4.7 billion pre-arranged deal by foreign investors at the Tanzania Breweries Ltd counters. With the deal, the turnover jumped to Sh4.9 billion from the preceding week’s Sh3.9 billion. The deal saw TBL accounting for 96.6 […]
Tanzanians in the Diaspora to get special status by December
Dar es Salaam. Tanzania is set to complete the process of instituting special status for its citizens living in the Diaspora by the end of 2023. Winding up debate on her docket’s Sh247.9 billion budget for 2023/24, Foreign Affairs and East African Cooperation minister Stergomena Tax told Parliament the government recognises the role of Tanzanians […]
