Govt, DSE to expand capital market access

DODOMA: THE government has called for enhanced collaboration between the Ministry of Industry and Trade and the Dar es Salaam Stock Exchange (DSE) to expand business access to capital markets, a move aligned with Tanzania’s Vision 2050 goal of becoming a one-trilliondollar economy.

The call was made on Tuesday by the Minister for Industry and Trade, Ms Judith Kapinga, during a meeting with DSE Chief Executive Officer, Mr Peter Nalitolela, in Dodoma, where strategies to deepen cooperation were discussed.

“The Ministry serves as the backbone of the country’s industrial and commercial activities, while the DSE provides significant opportunities for local enterprises to raise capital and access broader markets,” Ms Kapinga said.

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She further instructed the ministry’s leadership to develop robust plans to support industrial development and contribute meaningfully to national economic growth.

On his part, DSE Chief Executive Officer, Mr Nalitolela said DSE has positioned itself as a key partner in national development and is ready to serve as a financing bridge for domestic companies seeking to scale up their operations.

As part of its contribution to Tanzania’s longterm economic ambitions, the exchange plans to expand its investor base to one million by the end of this year and to 10 million by 2032.

“Our strategy includes attracting more large-scale businesses to list on the exchange and intensifying public investment education,” he said.

He added that the DSE has recorded strong growth, with listings by both local and foreign entities valued at nearly 29tri/-.

The market currently hosts over 700,000 investors, reflecting growing confidence in Tanzania’s financial and investment landscape.