Tag: dse

DSE CEO on the impact of COVID-19 on Tanzanian stocks

Between fears of low participation due to the COVID-19 pandemic and the fall in oil prices, share prices at most counters in Tanzania have dropped, and similar to the rest of the region, the Dar es Salaam Stock Exchange has naturally suffered. DSE CEO, Moremi Marwa joins CNBC Africa to discuss the challenges and the plans for a speedy recovery.

Acacia Mining delists from Dar es Salaam Stock Exchange

According to the Dar es Salaam Stock Exchange Plc, Acacia mining officially delisted from the bourse on Monday, two months after the company was delisted from the London Stock Exchange (LSE) Group. This will cut the DSE's total market capitalization by $1.182 billion. Also Vodacom Tanzania earnings rose by 6.5 per cent in the six months to September 2019, driven by strong revenue growth in its M-Pesa, mobile data and messaging services. Alpha Marwa, Managing Partner at Vervet Global Tanzania joins CNBC Africa for more.