Licensed Dealing Member of DSE
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…
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…
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…
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…
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 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…
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…
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…
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…