Trading at the Dar es Salaam Stock Exchange (DSE) will likely go up, thanks to a mobile trading platform.
Chief executive officer of Capital Markets and Securities Authority (CMSA) Nicodemus Mkama said yesterday the new equities’ mobile trading platform will stimulate growth of the country’s capital markets.
Dubbed ‘Hisa Kiganjani,’ the platform, which was launched yesterday by DSE will allow investors to buy and sell stocks using their mobile devices through a mobile application or via website.
Mr Mkama, who graced the launch, said the capital market authority approved the platform because it met both national and international requirements.
He said the new development augurs well for CMSA plans to steer to the growth of the stock markets.
“The platform will increase the number of participants in the market and thus push for more liquidity and growth,” he said.
He said selling and buying securities through mobile devices provide convenience by saving time and it would reach many people and potential investors especially those in remote areas.
He said: “There are many potential investors who live in upcountry regions, who are interested in the DSE activities, but they cannot access services. This is because many brokerage firms do not have office branches in all regions.
