Most firms are projected to continue consolidating their operations this year in a bid to strengthen their balance sheets and make a turnaround on subdued businesses activity after a period marked by capital inadequacy. Globally, mergers and acquisitions (M&A) are expected in sectors including technology, healthcare, pharmaceuticals and businesses such as food and retail. Analysts […]
Stockbrokers at work at DSE. PHOTO|FILE Dar es Salaam . The value of the listed equities, also known as market capitalization, increased by Sh105.22 billion on Tuesday after companies cross-listed from Kenya appreciated. According to the market report, the Dar es Salaam Stock Exchange (DSE) total market capitalization reached Sh15.33 trillion from Sh15.23 trillion recorded […]
FOLLOWING the recent passing of the former President of Tanzania, the late John Magufuli, 22nd March and 26th March 2021 were national funeral and burial days, in Dodoma and in Chato, Geita, respectively. Orbit Securities Co. Limited joins the capital markets, the financial sector and the whole nation in mourning of our fallen hero. May […]
Jubilee Holdings #ticker:JUB and Co-operative Bank #ticker:COOP have been named the top dealmakers in East Africa for 2020 following the completion of their multibillion-shilling strategic transactions. Region’s top insurer Jubilee deal with Germany’s Allianz Africa, which involved a cash consideration of Sh10.9 billion ($100 million), emerged at the top in the ranking by DealMakers Africa— […]
Overall sentiment on African equity markets was bearish. Among the markets we cover, 10 of them retreated this week – some of them, severely – while 6 advanced and one remained flat. Kenya led the pack as equities in Nairobi jumped 3% and are up 9.75% so far this year. Conversely, Namibian equities lost 6.69% […]
Report Summary: The report titled “ Money Insurance Market ” offers a primary overview of the Money Insurance industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Money Insurance market considering competitive landscape, development trends, and key critical success factors (CSFs) […]
LOCAL investors on the Dar es Salaam Stock Exchange (DSE) became dominant last week accounting for 99.86 per cent of the total investments and 98.84 per cent of the total divestments. During the week under review, the foreign investors took a back seat along with zero transactions at the TBL counter. According to the Weekly […]
Jatu share price plummeted 23.15 per cent in one week ending last Friday as investors’ appetite faded for once darling stock after listing two and half months ago. The agro-based starter-up firm opened last week at a 1,080/-, then closed at 830/- last Friday after hitting 760/- last Thursday. Orbit Securities said on Monday in […]
DESPITE a change of the tide on the last trading session of the week, JATU still managed to trivially suppress the Tanzania Share Index (TSI) after the counter dropped by 23.15 per cent on a weekly basis. JATU opened the week at a price of 1,080/- then closing at 830/- on Friday 05th February 2021 […]
CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. Correspondingly, the domestic market capitalisation went up by 0.56 per cent […]
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