Licensed Dealing Member of DSE
Dar es Salaam. Turnover at the Dar es Salaam Stock Exchange (DSE) fell by 30 percent during the 47th Dar es Salaam International Trade Fair (DITF) week. The fall was largely fuelled by the prolonged trend of low foreign investor participation. The turnover was Sh550.72 million by the end of the trading session on Thursday,…
Dar es Salaam. Global economic uncertainties, including trade tensions and geopolitical risks, contributed to more cautious investor sentiment towards frontier markets such as Tanzania in the first half of 2023. As a result, trading at the local equities market declined, with total turnover falling from Sh75.05 billion recorded in the first half of 2022 to Sh49…
DEBT analysts are of the view that the Central Bank is out to flatten the treasury bond yields curve if the new calendar has anything to go by. The analysts said the government bond yields started to bubble last year and in 2023/24 calendar the central bank reduced some issuance frequencies while omitting on the…
The prices of a 25-year of government bond dropped to an all-time low as the central bank continue to implement a less monetary stance. The minimum successful prices for longest tenure treasury security floored to 90/03 from 93/53 while weighted average yields went up by 2.7 per cent from 13.23per cent to 13.59per cent. Alpha…
TANZANIA’s Parliament approved a record 44.39tri/- Budget for 2023/24 on Monday after a week of debate over proposed plans to enhance social and economic development in the country. National Assembly Speaker Dr. Tulia Ackson announced that 354 MPs or 95 percent voted in support of the proposed budget that was tabled by Finance and Planning…
SOME tax, audit and advisory firms said the 2023/24 budget is positive for the economy if implemented accordingly and will significantly advance the business environment. The firms’ analysed reports showed that the budget’s ambitious revenue collection target seems attainable. However, they pointed at areas of improvement. The firms – PwC Tanzania, Deloitte Tanzania and Confederation…
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…
