East Africa
Tanzania
Dar es Salaam Stock Exchange (DSE)
The Dar es Salaam Stock Exchange (DSE) serves Tanzania, East Africa's second-largest economy and one of the continent's fastest-growing. While smaller than Kenya's NSE, the DSE is an important component of any pan-African portfolio seeking East African diversification beyond the Kenyan market.
Exchange at a Glance
- Exchange
- Dar es Salaam Stock Exchange (DSE)
- Currency
- Tanzanian Shilling (TZS)
- Regulator
- Capital Markets and Securities Authority (CMSA)
- CSD
- Central Depository System (CDS)
- Settlement
- T+3
- Trading Hours
- 10:00 – 15:00 EAT
- Listed Companies
- 30+
- Index
- DSE All Share Index (DSEI), Tanzania Share Index (TSI)
Market Overview
East Africa's second-largest economy with growing capital market depth
The DSE lists around 30 companies, with the banking sector accounting for the largest share of market capitalisation. CRDB Bank, NMB Bank, and NBC Bank (National Bank of Commerce) are among the most actively traded names. Telecommunications companies including Vodacom Tanzania and Airtel Tanzania are listed, providing exposure to Tanzania's growing digital economy.
Tanzania has achieved sustained GDP growth over the past decade, driven by agriculture, mining, manufacturing, and a growing services sector. The country is a significant gold producer and a major producer of tanzanite. Infrastructure investment in railways, ports, and energy has accelerated, supported by both government budget and international development finance.
The DSE also hosts a cross-listing segment, which allows companies listed on other East African exchanges (notably the NSE and Uganda Securities Exchange) to list on the DSE without an IPO process, improving the available investment universe for domestic and institutional investors. The Tanzanian shilling (TZS) is managed by the Bank of Tanzania and has historically been more stable than several other East African currencies.
Institutional Access
How investors access the DSE
Non-resident institutional investors access DSE securities through a licensed stockbroker holding a Central Depository System (CDS) account. The Capital Markets and Securities Authority (CMSA) regulates the market. Settlement is T+3. Repatriation of dividends and proceeds is generally permitted through authorised dealer banks.
Veri Platform
Veri provides access to the DSE through its East African institutional network, enabling clients to hold Tanzanian equities alongside Kenyan, Ugandan, and other East African positions in a consolidated portfolio.
Tanzania — Q&A
Common Questions
What is the DSE and what does it list?
The Dar es Salaam Stock Exchange (DSE) is Tanzania's primary capital market, listing around 30 companies across banking, telecoms, agriculture, and industrials. It is regulated by the Capital Markets and Securities Authority (CMSA) and settles through the Central Depository System (CDS) on T+3. Tanzania is East Africa's second-largest economy and one of the continent's faster-growing markets, driven by agriculture, gold mining, and infrastructure investment.
What are the most significant companies on the DSE?
The DSE's most actively traded names include CRDB Bank, NMB Bank, and NBC Bank in the financial services sector. Vodacom Tanzania and Airtel Tanzania represent the telecoms sector. The cross-listing segment hosts companies from other East African exchanges, expanding the available universe for institutional investors. Agriculture-related companies and manufacturers add sector diversification.
How does the DSE cross-listing segment work?
The DSE operates a cross-listing segment that allows companies already listed on other East African exchanges — particularly the Nairobi Securities Exchange (NSE) and the Uganda Securities Exchange (USE) — to list on the DSE without conducting a Tanzanian IPO. This expands the investment universe available on the DSE and provides domestic investors with access to regional companies, while giving cross-listed issuers access to Tanzanian institutional capital.
What is Tanzania's currency regime?
Tanzania uses the Tanzanian shilling (TZS), managed by the Bank of Tanzania. The shilling has historically been more stable than several other East African currencies and has experienced moderate inflation. Offshore institutional investors holding TZS-denominated DSE positions face currency risk against their base currencies, though TZS volatility has generally been lower than NGN, EGP, or ZMW. Repatriation of dividends and capital is generally permitted through authorised dealer banks.
Can Veri Platform clients hold Tanzanian equities?
Yes. Veri connects to the DSE through its East African custodian network. Clients can hold Tanzanian equities as part of a multi-market African portfolio, with TZS positions tracked and reported in their base currency alongside holdings on other African exchanges.
The information on this page is provided for general informational purposes and does not constitute investment advice, a solicitation, or an offer to buy or sell any security. All investment decisions should be made in consultation with a licensed financial adviser.
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Access Tanzania markets through Veri
The Veri Platform provides regulated investment administration for institutional investors, financial advisers, asset managers, and pension administrators seeking access to African markets — including the DSE — from Mauritius.