Tanzania: Two more banks to go public
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DAR ES SALAAM Stock Exchange (DSE) is expecting to list two more financial institutions at main investment market in the second half of this year.
1M | 3M | YTD | 1Y | 2Y |
+2.00% | +15.06% | +17.30% | +12.76% | +10.21% |
Value Traded (TZS) 196,324,560.00 |
Volume 131,980 |
Transactions 280 |
Market Cap. (Bln TZS) 17,142.47 |
DAR ES SALAAM Stock Exchange (DSE) is expecting to list two more financial institutions at main investment market in the second half of this year.
The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a USD 120-million line of credit (LOC) to CRDB Bank Plc (“CRDB”) in Tanzania.
The Dar es Stock Exchange (DSE) has started selling its shares to the public as part of a wider regional capital markets reform programme seeking to improve corporate governance and boost activities on the East African bourses.
The Dar es Salaam Stock Exchange has been demutualised and in the next few days, it intends to conduct its initial public offering (IPO) and eventually self-list into the stock exchange. This may not sound familiar to many - but I will explain.