Tanzania: 25 year bond auction affects DSE trading

Dar Es salaam Stock Exchange activities were affected heavily by the auctioning of the 25 years treasury bond to drive the market on the bearish mode. The 25 year bids registered a record high after the tender size reached about $276 million which was equivalent to 4.45 per cent of the total size of listed treasury bonds on the DSE. Salum Awadh, CEO of SSC CAPITAL, joins CNBC Africa for more.