The DSE continues to reap big after self-listing
The DSE continues to reap big after self-listing earlier this year, recording a 46 per cent increase in net profits for Q3 132 per cent rise in market investors with income accounting to almost 80 per cent of total revenue of 1.5bn.
Wed, 23 Nov 2016 08:30:05 GMT
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AI Generated Summary
- The Dar es Salaam Stock Exchange (DSE) recorded a 46 percent increase in net profits for Q3, signaling a positive trend in investor confidence and market growth.
- Tanzania's telecom companies are at risk of license suspension for failing to meet the government's deadline to list their shares on the local market, highlighting the importance of regulatory compliance.
- The mining sector in Tanzania is undergoing regulatory changes that mandate local listing for mining license holders, creating new opportunities for local investors and enhancing market accountability.
Tanzania's stock exchange, the Dar es Salaam Stock Exchange (DSE), has been making significant strides since its self-listing earlier this year. The latest reports show a remarkable 46 percent increase in net profits for Q3, accompanied by a 132 percent rise in market investors. The income generated by these investors now accounts for nearly 80 percent of the total revenue of $1.5 billion in the market. The positive growth in the DSE reflects a renewed investor confidence in the Tanzanian market. Alpha Marwa, an investment advisor and partner at Vervet Global, sheds light on the current market trends and opportunities in an exclusive interview with CNBC Africa. As the country's telecom companies face the looming deadline to list their shares on the local market, concerns arise about the potential suspension of network operating licenses. Meanwhile, various sectors, including mining and commodities, are experiencing regulatory changes and opportunities for growth.
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