Kikwete Urges DSE to Attract more listings and Expand Investor Education




The Chief Executive Officer of the Dar es Salaam Stock Exchange, Mr. Peter Nalitolela, met with the former President of the United Republic of Tanzania, Dr. Jakaya Mrisho Kikwete, to discuss the growth and development of Tanzania’s capital markets.

During the meeting, the former President underscored the importance of attracting more companies to list on the Exchange in order to increase market capitalization and strengthen the country’s financial sector. He also emphasized the need to expand investor education initiatives through television, radio, and other media platforms to enhance public understanding of the benefits and importance of investing in shares.

Dr. Kikwete noted that broader awareness and participation in the stock market would empower more Tanzanians to take part in wealth creation and contribute to sustainable economic growth.

Comments

Post a Comment

Popular posts from this blog

MARKET CAPITALIZATION AT DAR ES SALAAM STOCK EXCHANGE RISES IN FEBRUARY, CEO COMMENDS INVESTORS

Image
The Chief Executive Officer of the Dar es Salaam Stock Exchange (DSE), Mr. Peter Nalitolela, has commended investors following a significant increase in the market capitalization recorded in February this year. Speaking to journalists in Dar es Salaam while presenting the market performance report for the month of February, Nalitolela said the total market capitalization reached TZS 34.6 trillion across 28 listed companies. Of this amount, domestic listed companies—22 in total—accounted for TZS 24.2 trillion. He noted that this marks a substantial increase compared to February last year, when total market capitalization stood at TZS 19 trillion, while domestic companies accounted for TZS 12.1 trillion. “Year-on-year, our market has recorded strong growth. We thank investors for their continued confidence,” he said. Nalitolela also highlighted the performance of pension funds from both the public and private sectors that have invested in the stock market, noting that their investment va...
Read more

Muslim Hassanali Returns to Politics, Seeks CCM Nomination for Kinondoni Parliamentary Seat.

Image
Muslim Hassanali, who previously contested for the Ilala constituency parliamentary seat in 2015 under the opposition party CHADEMA, has resurfaced in the political arena—this time collecting a nomination form to run for Member of Parliament in Kinondoni under the ruling party, Chama Cha Mapinduzi (CCM). Hassanali, who later officially joined CCM, now joins a growing list of party members who have declared their intentions and collected nomination forms to seek the party’s endorsement ahead of the upcoming general elections. The process of collecting and returning nomination forms within CCM officially began on June 28, 2025, and is expected to conclude by July 2, 2025. Hassanali’s move signals a potentially competitive race within the party as aspirants vie for various leadership positions.
Read more

*Government Launches 15274 Hotline to Ease Access to National ID Information

Image
Dar es Salaam: The Government has urged citizens to use their mobile phones by dialing *15274 to easily access information related to National Identification Cards (NIDA). Speaking today, December 29, 2025, the Minister for Home Affairs, George Simbachawene, said the service will enable citizens to check the status of their National ID cards, including whether the card has been produced or not, with feedback provided within five days. He explained that through this number, citizens will receive important information regarding their National IDs, adding that damaged ID cards are expected to be replaced starting February 2026. “By using this number, you will be able to get information on whether your ID card has been produced. I emphasize that damaged ID cards will be issued in February 2026,” said Minister Simbachawene. The Minister further noted that the Government has put in place a strategy to introduce the use of a single identification card for accessing various government services...
Read more