Tips about Dar es Salaam Stock Exchange (DSE)

Why Invest in Shares?

• Possibility of high returns in the form of dividend and capital gain
• Shares can be mortgaged for a bank loan
• Shares can be easily transferred to a friend or relative as a gift or inheritance
• A chance of becoming a company shareholder – right to attend AGM and vote
• Undisputed evidence of ownership – Depository receipt
• Requires less administration costs and time

How to Buy Or Sell Shares/Securities

Requirements for CDS Accounts

Clients must have a CDS Account with DSE CSD. There is no fee for opening a CDS Account, and the requirements are as follows:

 For Individual Investors:

• Depository Account application form – Individual
• Duly filled Client Information form plus a copy of ID/or Passport

For a Corporate/Company:

• A copy of Certificate of Incorporation
• Copies of Company’s Directors IDs
• A copy of MEMARTS
• Depository Account application form – Body Corporate

Requirements for Purchasing of Shares

For Individual Investors

• Duly filled and signed purchase order form
• A deposit of money with Tanzania Securities
• Duly filled client Information form plus a copy of ID or passport

For Corporate/Company

• A duly filled and signed purchase order form
• A deposit of money with Tanzania Securities
• Copy of Certificate of Incorporation/Registration

Requirements for Selling of Shares

For Individual

• Original Depository receipt submitted to the broker
• Duly filled and signed sell order form – signed by the shareholder
• Payment details

For Corporate/Company

• Original Depository certificate submitted to the broker
• Duly filled and signed sell order form-signed by company director(s)
• Letter from the company authorizing the sale of shares

Note:

• Brokerage commissions and Regulatory fees will be charged as per the CMSA’s approved fee structure
• Bank charges may apply for interbank transfers

How many companies are in Dar es Salaam Stock Exchange?