Treasury bills’ minimum successful bids and weighted average prices have been decreasing consecutively in the last nine months throughout the year. The bills’ prices on average have dropped from their highest of 99/84 in the auction held last August to 99/67 in the auction held on the third day of May. Tanzania Securities’ Treasury Bills […]
Activities on the Dar es Salaam Stock Exchange (DSE) increased for the second week running. Turnover for the week amounted to 3.9bn/-, an increase of 48.20 per cent from the previous week. General market was in bullish mode leading to an increase in both total and domestic market capitalisation. The top three trading counters within […]
THE Tanzania Mortgage Refinance Company Limited (TMRC) has listed on the Dar es Salaam Stock Exchange (DSE) the 4th tranche bond of which all of its investors are locals. Compared to the previous tranches, luring more Tanzanian investors brings more hope for increasing the liquidity in the capital market. Moreover, retail investors scoped a big […]
Arusha. Shareholders of CRDB Bank Plc will get a total of Sh117.5 billion in dividends this year, thanks to the lender’s improved profitability in 2022. This represents a roughly 25 percent increase over the Sh94 billion total dividend the bank paid its shareholders last year from its 2021 net profit. The bank’s shareholders will receive […]
Notice is hereby given that dividend of TZS 45 per share in respect of the financial year ending 31 December 2022 has been proposed by the Board of Directors. Pursuant to this declaration, shareholders are advised to observe the following: Dividend Declaration Date: 28th April 2023 Trading of Shares cum Dividend: 28th April 2023 to […]
The announcement states that Swala Oil & Gas (Tanzania) plc will be placed in liquidation as per the resolution of its creditors representing approximately 75% of the Company’s liabilities.
Notice of 49 AGM.pdf (1)
Pemba. CRDB Bank yesterday opened a branch in Wete, Pemba as it seeks to play a role in supporting Zanzibar’s economic growth aspirations, particularly, through the government’s blue economy model. Zanzibar President Hussein Ali Mwinyi graced the branch opening event, which also involved the distribution of over 272 motorcycles and 94 boats to economic undertakings […]
SIGNIFICANT expansion and improvement of efficiency at Tanzania’s principal port of Dar es Salaam has enabled it to offer faster and cost-effective trade and transport solutions compared to other seaports in the region, a new report by GBS Africa has shown. According to the dossier by the advisory services firm, Dar es Salaam Port […]
Dar es Salaam. Investors have maintained a bullish outlook for Tanga Cement Company Limited and Twiga Cement despite delays in the cement manufacturers’ merger plan, available data shows. An analysis of the two firms’ performance at the Dar es Salaam Stock Exchange (DSE) shows that the two firms, which performed well during the first half […]
