DSE courts state enterprises for listings

DAR ES SALAAM: STATE-OWNED enterprises may be missing a vital financing route listing on the stock exchange to modernise operations, stay competitive and address limited capital access amid growing public service demands.

DSE Chief Executive Officer, Mr Peter Nalitolela  said state-owned enterprises should consider listing on the Dar es Salaam Stock Exchange (DSE) as a means to raise capital for expansion and to contribute dividends to the government.

“I encourage companies in need of capital to come to the stock exchange and seek funding through the sale of shares or bonds,” Mr Nalitolela made the appeal on Wednesday on the sidelines of a training workshop organised for members of the Capital Markets Tribunal.

The workshop aimed to build the capacity of tribunal members by familiarising them with how the DSE operates, thereby equipping them with the knowledge and tools required to deliver justice effectively in cases related to capital markets.

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The CEO said the tribunal’s role in strengthening investor confidence, which is essential for the growth of capital markets.

He also noted that the DSE, in collaboration with other stakeholders, is working to educate the public and raise awareness about investment opportunities in capital markets.

“Currently, we have about 670,000 investor accounts registered with the DSE,” he said.

“This number is still relatively low compared to the total population of Tanzania.” He acknowledged the challenge of online fraud and scams that mislead people into investing through unregulated platforms.

“Investment through the DSE is safe and secure, offering reliable returns,” he assured.

Mr Martin Kolikoli, Registrar of the Capital Markets Tribunal, said during the event that the training was valuable in enabling the tribunal to better support the growth of capital markets.

“We came to learn more about the stock exchange so that we can use our position to help drive market development,” he said, adding “understanding how trading and share purchases work will allow tribunal members to more effectively dispense justice.”

He added that ongoing efforts will be made to educate the public on the role of the tribunal in the capital markets ecosystem, ensuring that people know how to claim and protect their investment rights