Tanzanians can now buy or sell or manage stocks and other securities directly via mobile phones, after the Dar es Salaam Stock Exchange (DSE) has partnered with a mobile telecom network to revolutionize digital access to Tanzania's capital markets.

Peter Nalitolela, Chief Executive Officer, DSE (pictured), stated, "This partnership with the telecommunication company underscores both institutions' dedication to financial inclusion." 

He added that the DSE aims to leverage the DSE Mini App on the M-Pesa platform to reach more Tanzanian investors, providing convenient access to the stock exchange from the comfort of their homes as they work toward building a secure future for themselves and their families.

Nalitolela explained that the partnership not only enhances access to Tanzania's capital markets but also raises awareness and engagement with the stock exchange. The DSE Mini App simplifies the investment process, equipping users with tools to make informed decisions.

"The launch of the DSE Mini App on the M-Pesa Super App offers an innovative and accessible avenue for Tanzanians to participate in the financial markets, further advancing financial inclusion and empowerment," he said.

Through this new app, users can open investor accounts, trade shares directly on the DSE, access real-time market insights, and receive advisory services from brokers. The collaboration marks a significant step forward in the digital transformation of Tanzania’s capital markets. 

"This partnership illustrates how technology can bridge gaps, making financial markets more inclusive, transparent, and accessible to all Tanzanians," Nalitolela added.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania, commented, "By integrating the DSE Mini App into the M-Pesa Super App, we are making the capital markets more accessible to all Tanzanians. This partnership aligns with our goal of expanding financial inclusion through innovative digital solutions that enable our customers to invest, save, and grow their wealth with ease. Accessing the stock market via mobile is a game-changer for millions who may have previously been excluded from this sector."

Tanzania’s capital markets are a key component of the country’s financial sector, supporting economic growth by mobilizing long-term funds and encouraging investment.

Established in 1996, the DSE is Tanzania’s primary stock exchange, offering equities, government bonds, and corporate bonds. 

The exchange lists a range of companies, including those in the banking, investments, telecommunications, manufacturing, and agricultural sectors. The DSE has also partnered with regional markets, allowing cross-listing and trade across East Africa.