The Prime Minister of the United Republic of Tanzania, Kassim Majaliwa, has praised the Dar es Salaam Stock Exchange (DSE) after the bourse recorded strong growth, with its market value reaching 21.0 trillion Tanzanian shillings by July 2025.
Majaliwa gave the commendation when he visited the DSE headquarters in Morocco, Dar es Salaam, on Tuesday, August 26, 2025. The Prime Minister symbolically rang the opening bell to mark the day’s trading session. He was accompanied by the Deputy Permanent Secretary in the Ministry of Finance, Elijah Mwandumbya, the Chief Executive Officer of the Dar es Salaam Stock Exchange, Peter Situmbeko, and retired Chief Justice Mohammed Othman Chande.
Speaking at the event, the Prime Minister said the remarkable growth of the stock market shows Tanzania’s capital market is fast becoming an engine of the national economy. He revealed that the number of investors has grown to over 683,000 accounts, while share sales rose by more than 246 percent in the past year.
Majaliwa noted that bond sales had also crossed the 3 trillion shillings mark, with some of them focusing on environmental and social projects. He said such financial instruments reflect the DSE’s creativity and its contribution to building a sustainable economy.
“This is an example of DSE’s creativity and contribution to developing an inclusive and sustainable economy for our nation. We cannot let this pass, we must congratulate them,” he said.
In a symbolic show of support, the Prime Minister announced the purchase of shares worth 100 million shillings on the exchange. He urged Tanzanians to embrace investing digitally through the DSE to take part in company ownership and benefit from dividends. According to him, such participation will stimulate the wider economy.
“Tanzanians should prioritize investing through the Dar es Salaam Stock Exchange digitally to gain the opportunity to own companies and earn money through profits generated by those companies, while also stimulating the economic growth of our nation,” he advised.
The Prime Minister further directed the Ministry of Finance to continue working closely with DSE in promoting financial education across the country so that more citizens can take advantage of stock market opportunities.
Deputy Permanent Secretary Mwandumbya said the government, under the National Development Vision 2050, plans to roll out new financial products such as bonds, strengthen digital systems, and make capital market services accessible to more citizens, including Tanzanians in the Diaspora. He explained that the government also aims to attract stronger private sector collaboration and increase the participation of local and foreign investors in the market.
On his part, Acting Chief Executive Officer of the Capital Markets and Securities Authority (CMSA), Charles Shirima, highlighted the role of technology in expanding participation in capital markets. He said CMSA has encouraged the use of digital platforms like mobile phones and internet-based systems to make investments easier for both urban and rural residents.
He explained that the use of mobile-based innovations has grown significantly. Some of the systems introduced include Sim Invest, Hisa Kiganjani, WekezaWHI and M-Wekeza, all designed to widen access to stock market services.
“For example, 24.33 percent of share sales in 2024 went through information technology platforms, up from 4.84 percent in 2023,” Shirima noted.
Earlier, DSE Chief Executive Officer Peter Situmbeko said investor confidence in the market has continued to rise since the exchange was established. He said the value of shares sold during the first half of 2025 reached 369.4 billion shillings, a 246 percent increase compared to the same period last year.
Situmbeko added that the volume of shares traded grew to 272 million, representing a 108 percent rise from the previous year. He said government and private sector bonds together recorded sales worth over 3 trillion shillings, compared to 1.9 trillion in the previous year.
Analysts say the rapid growth of the Dar es Salaam Stock Exchange reflects a stronger appetite for investments among Tanzanians and improved regulatory frameworks. However, they caution that continuous financial education, strong supervision and transparency will be critical to sustain investor confidence and market growth in the years ahead.
With Tanzania pushing towards its Vision 2050 targets, the DSE is expected to play a central role in mobilising capital for infrastructure, private sector growth, and national development.
