Dar es Salaam Stock Exchange IPO nearly 5x oversubscribed

Total bids for the initial public offer (IPO) of shares in the Dar es Salaam Stock Exchange PLC was TZS35.8bn ($16.4m). This is 4.8 times the offered amount of TZS7.5bn ($3.4m) in the IPO which closed on 3 June. The DSE will self list on 12 July.

Dar es Salaam Stock Exchange chief opens trading on the London Stock Exchange

The CEO of Tanzania’s Dar es Salaam Stock Exchange opened trading on the London Stock Exchange on 27 Jan alongside UK Secretary of State for International Development, the Rt Hon. Justine Greening MP. LSE Group signed a MoU with the Department for International Development to work on capital markets development across sub-Saharan Africa.

Dar es Salaam Stock Exchange boosts operations and incomes

The Dar es Salaam Stock Exchange made operational improvements in 2013 including doubling trading hours, reducing settlement times on equities and bonds and introducing a wide-area network (WAN). Turnover soared five-fold to $156 million compared to 2012.

New CEO announced for Dar es Salaam Stock Exchange

Tanzanian news media yesterday (1 May) announced that 37-year old Moremi Marwa has been appointed as the new CEO of the Dar es Salaam Stock Exchange. He is the first stockbroker to manage the securities exchange.