DSE Highlighted as a New Opportunity for Zanzibar Public Institutions



The Office of the Registrar of the Treasury Zanzibar has urged public institutions and state-owned enterprises to adapt and take advantage of opportunities available at the Dar es Salaam Stock Exchange (DSE).

This call was made over the weekend in Dar es Salaam during the signing of a three-year cooperation agreement between DSE and the Office of the Registrar of the Treasury Zanzibar. The agreement aims to build capacity, particularly in helping public institutions raise capital through the stock market.

Registrar of the Treasury Zanzibar, Waheed Muhammad Sanya, said the agreement is a significant and beneficial step, noting that the process began in March and has now reached implementation stage. He emphasized that the office has multiple responsibilities, including overseeing public institutions and ensuring they operate efficiently.

Speaking at the event, DSE Chief Business Officer Emmanuel Nyalali noted that the agreement will enhance participation of both institutions and citizens from Zanzibar in the stock market.

“As the Revolutionary Government of Zanzibar continues strengthening its economy, we believe this partnership is a major step forward for public institutions to consider listing on the Dar es Salaam Stock Exchange,” said Nyalali.

Sanya added that this is the right time to utilize opportunities offered by DSE, stressing the importance of public education and awareness about how the stock market works.

He further noted that under the leadership of Hussein Mwinyi, Zanzibar has made notable progress, and public institutions must evolve to keep pace and tap into available opportunities.

“We cannot remain isolated in Zanzibar. Many public institutions rely heavily on bank loans to finance projects, but banks have limits. Meanwhile, opportunities exist at DSE,” Sanya said.

He revealed that out of 17 public institutions in Zanzibar, only two are currently listed on DSE. However, he expressed confidence that with increased awareness and implementation of the agreement, more institutions will take advantage of the stock market.

“We are ready to collaborate, and this agreement will not remain on paper. Implementation will begin immediately,” he emphasized.

Meanwhile, Head of Capital Markets Zanzibar, Mustafa Omary Abdallah, said the agreement will help improve understanding among public institutions about DSE and its role in capital markets.

Abdallah, who also serves as a Senior State Attorney in the Zanzibar Government, added that the partnership will enable institutions to explore investment opportunities while ensuring that government funds are managed more efficiently and productively.

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