DSE delivers strong asset growth with TZS36.3bn in Q4’24

Dar es Salaam Stock Exchange (DSE) has reported a total revenue of TZS3.36 billion for the fourth quarter of 2024, with a significant increase in investment income amounting to TZS1.00 billion by the end of December 31, 2024. Peter Nalitolela, the CEO of DSE, discussed these remarkable results and the strategies driving the exchange's success in an exclusive interview with CNBC Africa's Tabitha Muthoni. During the interview, Nalitolela highlighted that the exchange had experienced an uptick in activity due to an aggressive campaign promoting their mobile trading platform. The efforts to attract new investors also paid off, leading to a surge in participation. Additionally, DSE benefited from new listings during the quarter, such as the Zaniyaba bond and rates issues from DCB Commercial Bank. Despite the growth, Nalitolela acknowledged that DSE had encountered challenges, including fluctuating transaction fees. When asked about the risks facing DSE in 2025 and the outlook for overall growth, Nalitolela expressed optimism. He noted that trading activity had improved in the first few months of 2025, attributing it to the successful integration of the mobile trading platform with partners like banks and mobile network operators. Looking ahead, Nalitolela anticipated more listings in 2025, which would contribute to increased revenue from listing fees. Moreover, DSE is collaborating with regulators to review trading rules to enhance liquidity in certain counters. In conclusion, despite the potential risks and challenges ahead, Nalitolela remains positive about the future prospects of DSE and is committed to driving continued growth and success for the exchange.