DSE AGM Notice
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…
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…
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…
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…
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…
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…
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…
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…
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…