Description

Dar es Salaam Stock Exchange (DSE) is a stock exchange in Tanzania where stock brokers and traders can buy and sell securities such as shares of stock and bonds and other financial instruments. It was incorporated as a private company limited by guarantee in 1996 and started operating in 1998. It is a member of the African Stock Exchanges Association with 24 listed companies, 10 licensed brokers and 3 custodian banks. The DSE launched a second-tier market in 2013, the Enterprise Growth Market (EGM), with lower listing requirements; designed to attract small and medium companies with high growth potential. In 2015, the DSE changed its registration status from being limited by guarantee to being limited by shares. It is the third Exchange in Africa to demutualise after the Johannesburg Stock Exchange (JSE) and the Nairobi Securities Exchange (NSE). The DSE operates in close association with the Nairobi Securities Exchange in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse. DSE is based in Dar es Salaam which is the commercial capital and largest city in Tanzania.