ACA 3,500     CRDB 160     DCB 340     DSE 1,900     EABL 4,880     JHL 11,100     KA 250     KCB 1,100     MBP 590     MCB 500     MKCB 800     MUCOBA 400     NICO 255     NMB 2,760     NMG 2,320     PAL 470     SWALA 500     SWIS 3,500     TBL 16,600     TCC 17,000     TCCL 1,020     TICL 450     TOL 780     TPCC 1,640     TTP 120     USL 35     VODA 800     YETU 600     

About Dar es salaam Stock Exchange

VISION

To be a sustainable securities exchange that is an engine of economic growth for Tanzania.

MISSION

To provide a responsive securities exchange that promotes economic empowerment and contributes to the country's economic development through offering a range of attractive and cost-effective products and services.

Central Depository System

The Central Depository System (CDS) of the DSE acts like a bank for securities where various securities are deposited in safe custody to facilitate deliveries for DSE trades. By depositing securities into the CDS, the delivery of the securities in settlement of DSE trades can be achieved by electronic book entries instead of physically exchanging certificates (scrip). The securities deposited into the CDS may be pledged against a bank loan.

Trading System

Trading is conducted through an Automated Trading System (ATS). This is an electronic system which matches bids and offers using an electronic matching engine. The ATS is integrated with the CDS to facilitate automated validation of securities holdings and straight through processing of securities transactions.

Incentives to Issuers

(i) Reduced corporation tax from 30% to 25% for three successive years subsequent to listing of a company that have issued at least 25% of its shares to the public.

(ii) Tax deductibility of all Initial Public Offering (IPO) costs for the purposes of income tax determination. All IPO costs are accepted by the Tanzania Revenue Authority (TRA) as acceptable expenses used in the generation of income and profits, and therefore are taken into consideration when determining profit for tax purposes.

Incentives to Investors

(i) Zero capital gain tax as opposed to 10% for unlisted companies.

(ii) Zero stamp duty on transactions executed at the DSE compared to 6% for unlisted companies.

(iii) Withholding tax of 5% on dividend income as opposed to 10% for unlisted companies.

(iv) Zero withholding tax on interest income from listed bonds whose maturities are three years and above.