TRADING on East African stock exchanges has been hit by the impact of the coronavirus pandemic to register low turnover and market capitalisation records in recently days. The three exchange indices- Dar es Salaam Stock Exchange (DSE), Nairobi Securities Exchange (NSE) and Uganda Securities Exchange (USE)-started to show plunging sign at the beginning this month’s […]
Category: Tanzania
Tanzania: Total Market Capitalisation Down As Major Indices Decline During the Week
THE Banking, Investment and Finance index fell by 2.23 per cent at the bourse while the underlying securities contributed about 82.11 per cent of total weekly turnover after CRDB contributed 56.14 per cent of the total weekly turnover, NMB contributed 18.54 per cent of the total weekly turnover and DSE contributed about 7.43 per cent […]
Tanzania: Agriculture Fraternity in Key Meeting
Agricultural sector stakeholders converge in Dodoma tomorrow for the 4th Annual Agricultural Policy Conference (AAPC) that will deliberate on ways to improve its contribution to the economy. It will evaluate the outcomes of last year’s discussions on the subject and propose a new policy for implementation. Speaking in Dar es Salaam yesterday, Prof David Nyange from […]
Tanzania: Private Sector Credit drop cuts Banking profits
Commercial Bank of Africa (BOA) has said the slight drop in profits by 14.6 per cent in the cumulative year ending in December 2017 compared with the same period in 2016 was due to a decline in overall credit to the private sector. Last year profit after tax decreased to Sh3.1 billion in 2017 from […]
Bank of Tanzania looking to increase depositors protection from $660
THE Bank of Tanzania (BoT) is considering to review deposit payoffs after when a bank collapses to ensure depositors get more from their deposits. The central bank, through Deposit Insurance Board (DIB), currently pays a maximum amount of 1.5m/- per depositor if a bank goes under. The amount was last reviewed eight years ago. The […]
Tanzania: DSE slows down for Xmas
The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) dropped by 67 per cent last week as investors shift their attention to the festive season. The turnover dropped to Sh12.7 billion during the week ending December 18, 2015 compared with Sh38.91 billion that was registered during the week ending December 11, 2015, market […]
Tanzania: Volumes are continuing to rise, exceeding $25m
Activity in twelve equities at the Dar es Salaam Stock Exchange (DSE) resulted into over 10 times increase in turnover of 60.38bn/-compared to 7.20bn/- posted in the previous session. During the week, the Tanzania Breweries Company Limited (TBL) dominated the bourse in terms of turnover and number of shares transacted. The counter traded 3,974,450 shares […]
Tanzania: Shilling Depreciation leads to 40% drop in volumes at Dar bourse
THE shilling depreciation has favoured foreign investors’ participation on Dar es Salaam Stock Exchange (DSE), who are buying more shares as their involvement has increased by 91.35 per cent in the first quarter. The shilling in this year’s first four months sunk to its lowest level in history since the local currency was introduced in […]
Tanzania: Taking the spice out of cloves?
Cloves were once worth more than gold and the native spice has been a mainstay of Zanzibar’s economy for the last 150 years. But frustration is growing among farmers in the island and neighbouring Pemba about a battle between the public and private sector which is reducing their incomes and losing Tanzania its dominant position […]