Browsing: Dar es Salaam Securities Exchange (DSE)

• Traders across East Africa are shunning the Port of Mombasa in favour of Dar es Salaam Port citing higher fees.
• Uganda complains that up to 50% of their traders’ costs go to port clearance and transport expenses from Mombasa.
• The entry of DP World into the Dar es Salaam port promises improved vessel discharge times, lower fees, and increased profits, a move that will significantly challenge Mombasa.

In the shadow of rising cranes and towering cargo ships, the Port of Mombasa faces a formidable rival in the form of the Dar es Salaam port in Tanzania. Both harbours have set their sights on becoming the primary entry point to the promising opportunities in East African Community, a market of approximately 500 million people. The competition is fierce, and the stakes are high.

Mombasa port vs Dar es Salaam: The battle for East Africa’s gateway

As of 2022, cargo handling at …

Even as share values for US futures on crude oil prices hit rock bottom, spotting a worrisome negative figure (-4.0 USD) there are still several functions that claim the crush of oil prices in the US and around the World will have no effect on stock shares in Tanzania, the numbers are giving a different story. Lets start with the optimistic side.

As US futures for oil price continue to free fall some are of the view that it will have no effect on Tanzania’s sole bourse, the Dar es Salaam Stock Exchange (DSE). Why? Well, simple, most African countries, Tanzania included, are oil importers so, the fall of oil prices will mean positive balance of payments.

In turn, favourable balance of payment means good exchange rates of the shilling for the dollar, again another plus for the shilling. Good exchange rates translates to higher value of the shilling and …