ACA 5,300     CRDB 180     DCB 380     DSE 1,400     EABL 5,250     JHL 11,100     KA 340     KCB 1,020     MBP 600     MCB 500     MKCB 830     MUCOBA 400     NMB 2,760     NMG 2,240     PAL 470     SWALA 500     SWIS 3,540     TBL 14,000     TCC 16,600     TCCIA 450     TCCL 1,200     TOL 780     TPCC 1,500     TTP 600     USL 100     VODA 800     YETU 600     

About Dar es salaam Stock Exchange


To be a sustainable securities exchange that is an engine of economic growth for Tanzania.


To provide a responsive securities exchange that promotes economic empowerment and contributes to the country's economic development through offering a range of attractive and cost-effective products and services.

Central Depository System

The Central Depository System (CDS) of the DSE acts like a bank for securities where various securities are deposited in safe custody to facilitate deliveries for DSE trades. By depositing securities into the CDS, the delivery of the securities in settlement of DSE trades can be achieved by electronic book entries instead of physically exchanging certificates (scrip). The securities deposited into the CDS may be pledged against a bank loan.

Trading System

Trading is conducted through an Automated Trading System (ATS). This is an electronic system which matches bids and offers using an electronic matching engine. The ATS is integrated with the CDS to facilitate automated validation of securities holdings and straight through processing of securities transactions.

Incentives to Issuers

(i) Reduced corporation tax from 30% to 25% for three successive years subsequent to listing of a company that have issued at least 25% of its shares to the public.

(ii) Tax deductibility of all Initial Public Offering (IPO) costs for the purposes of income tax determination. All IPO costs are accepted by the Tanzania Revenue Authority (TRA) as acceptable expenses used in the generation of income and profits, and therefore are taken into consideration when determining profit for tax purposes.

Incentives to Investors

(i) Zero capital gain tax as opposed to 10% for unlisted companies.

(ii) Zero stamp duty on transactions executed at the DSE compared to 6% for unlisted companies.

(iii) Withholding tax of 5% on dividend income as opposed to 10% for unlisted companies.

(iv) Zero withholding tax on interest income from listed bonds whose maturities are three years and above.