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 […]
Tag: Tanzania
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 […]
East Africa: EALA Urges Inclusive Investment Policies to prevent social unrest
The xenophobic violence currently taking place in South Africa could happen in East Africa if partner states don’t ensure inclusive policies to benefit citizens during the ongoing integration process, members of the East African Legislative Assembly (Eala) have warned. “South Africa is the most industrialised economy in Africa because of high investment levels but why […]
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 […]
Africa: S&T Investment Needed to Hit Water SDG Targets
Zaragoza — Dedicated investment in science and technology will be needed to have any chance of reaching the proposed water and sanitation-related Sustainable Development Goals (SDGs) by 2030, delegates at the UN-Water conference in Zaragoza, Spain, heard last week. However, the conference (15-17 January) heard that blockages such as corruption, bad governance, poor pay of […]
“Radical” rethink of development practices needed to reach poorest
IMF Managing Director Christine Lagarde in Kigali, Rwanda As a UN working group gathers in New York to discuss recommendations for a post-2015 development agenda, mounting evidence suggests that the legacy left by the last set of objectives – the Millennium Development Goals (MDGs) – is a mixed one. Released on 2 February, a report […]
Lucky Countries Or Lucky People: Will East Africans Benefit From Their Natural Resource Discoveries?
Reuters/Mohammed Nureldin Abdallah – Young men work at a collection point for used oil in the capital Khartoum, October 29, 2014. Luck has struck the region of East Africa: for a couple of years now, new announcements of natural resource discoveries are being made every few months. Mozambique has found some of the largest natural […]
