Dar es Salaam Stock Exchange (DSE.tz) 2018 Annual Report

We have extracted below the Chairman’s Statement from the 2018 annual report of Dar es Salaam Stock Exchange (DSE.tz), listed on Dar es Salaam Stock Exchange:

Introduction

It is my distinct honor and privilege to have this opportunity to communicate with our esteemed valued shareholders and other stakeholders, the year 2018 performance report this being the first year of implementation of the DSE’s Five Year Strategic Plan (2018 -2022). It has been an exciting year for the DSE, characterized by a relative fair financial performance amid a mixed market activity. We have managed to have significant progress on implementation of our strategic plan to ensure the long-term growth and sustainability of our company. It is therefore, with great enthusiasm that I present to you the Annual Report and Financial Statements of the DSE for the financial year ended December, 31 2018.

Operating Environment and Financial Performance

According to the National Bureau of Statistics (NBS), in the first three quarters of the year 2018, on average, the real Gross Domestic Product (GDP) grew by 6.7 percent. The reported growth in GDP was supported by investment in infrastructure, export of the traditional products, favorable weather conditions results into increased crop production. Investment in infrastructure includes, construction of the Standard Gauge Railway (SGR), expansion of the Dar es Salaam sea port, Julius Nyer