Domestic investors make a comeback at DSE

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By Mnaku Mbani
Domestic investors made a comeback this week at the Dar es Salaam Stock Exchange (DSE) after disappearing from the market since the end of last year.The market report has shown that since the start of this week, number of domestic investors has growth fast, which indicate an increased investors’ appetite for equities.

The DSE reports for three days of the week show that the participation of domestic investors has increased to an average rate of 90 per cent, in terms of turnover, buying and selling of shares.
The market reports have shown that out of Tsh170 million revenue recorded over the last three days, foreign investors participated by Tsh10.98 million, which is less than ten per cent.
During the first day of the week, a total turnover of Tsh115 million were recorded and foreign investors did not participate in both selling and buying sides.
On Tuesday this week, a total of Tsh54 million were recorded whereby foreign investors participated by 25 per cent of the buying side. There were no shares sold by foreign investors.
The reports show that during the first three days of the week, all shares sold were from domestic investors, while the majority of buyers were local investors too.

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Tanzania intra-SADC trade decline by 15 pc

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DSE all share index down

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The beauty queen from Tanzania who is building a furniture empire

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Jacquiline Ntuyabaliwe MFONOBONG NSEHE , Forbes Magazine : Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s looking at. “This is one of our pieces,” she says, pointing to the picture of a 5-piece dining set. It’s one of the items produced by Molocaho by Amorette , the furniture-manufacturing firm she recently founded. “This set was handcrafted from timber which was reclaimed from old cargo boats from the Indian Ocean along Tanzania’s coastline,” says the entrepreneur earnestly.
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