Licensed Dealing Member of DSE
Dar es Salaam. In a remarkable display of financial prowess, the Unit Trust Tanzania Asset Management and Investor Services (UTT-AMIS) has witnessed a staggering surge in Assets Under Management (AUM) over the past four years of over 429 percent. The level of assets managed by the trust has improved from Sh290 billion recorded in 2019 to…
THE UTT AMIS fund size has recorded historic growth of 184.94 per cent to 1.53tri/- in two years of President Samia Suluhu Hassan reign-a move which has been attributed to improved investors’ confidence in the financial markets. The government established the collective schemes to help investors particularly micro, small scale access financial markets to ultimately…
THE Tanzania Portland Cement Plc (Twiga) has posted a pre-tax increase of 10.2 per cent in this year’s first half, thanks to production cost control measures. The oldest cement manufacturer in the country’s financial statement shows that the pre-tax profit increased to 72.02bn/- in the first six months of the year from 65.3bn/- raked in…
FinScope Tanzania is a comprehensive financial sector demand-side survey of Tanzanian adults aged 16 years and above. It provides an understanding of the financial services uptake landscape across the country and is a reliable measure for demand and usage of financial services across various population segments. Further, FinScope Tanzania’s insights clearly present barriers and levers…
By The Citizen Reporter Dar es Salaam. The Bank of Tanzania (BoT) has permitted an African digital payments provider, DPO Pay, to operate as a Payment Service Provider in Tanzania, the company said in a statement yesterday. The DPO is registered locally under One Payment Tanzania Limited. The company has been licensed in line with the…
By Daily News Reporter THE turnover of the Dar es Salaam Stock Exchange (DSE) is projected to increase in the coming weeks as companies start to release their quarter two financials. The investors are banking on the firms’ good performance to make their next move to place investments where they will maximise their returns. Vertex…
Is it a worthwhile investment to put money into the Dar es Salaam Stock Exchange? Judging from the performance of different stocks on the exchange and the performance of unit trusts that include equity stocks, one can confidently answer, YES, it is indeed worth it. Upon reviewing the past six months, we can observe several…
