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Shore Africa > Hot news > Business > Top 10 most valuable stocks on Dar es Salaam Stock Exchange
Da res Salaam Stock Exchange
BusinessHot News

Top 10 most valuable stocks on Dar es Salaam Stock Exchange

Tanzania’s top 10 most valuable stocks on the DSE span banking, telecom, and consumer goods, offering strong market positions and compelling investment opportunities.

Feyisayo Ajayi
Last updated: March 6, 2025 7:44 pm
Feyisayo Ajayi Published March 6, 2025
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At a Glance


  • The Dar es Salaam Stock Exchange (DSE) has a market cap of Tsh 19.36 trillion($7.4 billion), reflecting Tanzania’s growing economy and attracting local and foreign investors.
  • Leading stocks include Tanzania Breweries, NMB Bank, and Vodacom, showcasing strength in banking, telecom, and consumer goods.
  • With economic growth and regulatory reforms, the DSE remains a prime destination for investors seeking stable, high-value stocks in East Africa.

The Dar es Salaam Stock Exchange (DSE) is Tanzania’s premier securities market, facilitating capital growth for businesses and wealth creation for investors. 

Since its inception in 1996, it has become one of Africa’s emerging stock markets, reflecting the country’s economic expansion and investor confidence.

With a market capitalization of Tsh 19.36 trillion($7.4 billion), the DSE remains a key player in East Africa’s financial ecosystem. 

Recent trading activity saw a turnover of Tsh 3.91 billion($1.5 billion) from equities and Tsh 2.90 billion($1.11 billion) from bonds, with major transactions on CRDB, TBL, and AFRIPRISE counters.

Shore Africa highlights the top 10 most valuable stocks on the DSE based on market capitalization, sector impact, and financial performance. 

Spanning financial services, telecom, and consumer goods, these stocks offer compelling opportunities for institutional and retail investors.

As Tanzania continues on a journey of economic growth and regulatory reforms, the DSE is poised for further expansion, solidifying its position as a prime investment hub in the region.

  1. Tanzania Breweries Limited (TBL)
    Market Cap: $1.23 billion
    Tanzania Breweries Limited (TBL) is the largest company on the DSE, dominating the beverage industry with a valuation of Tsh3.216 trillion($1.23 billion).
    Tanzanian Breweries
    A subsidiary of AB InBev, TBL has a strong market presence with popular beer brands such as Kilimanjaro Lager, Castle Lite, and Safari Lager. With consistent revenue growth and a stable dividend payout, TBL remains a favorite among investors.
  2. East African Breweries Limited (EABL)
    Market Cap: $1.17 billion
    East African Breweries Limited (EABL), a major player in the alcoholic beverage industry, operates across East Africa.
    East African Breweries Limited (EABL)
    Listed on multiple exchanges, EABL with a valuation of Tsh3.045 trillion($1.17 billion) has demonstrated strong profitability driven by its premium product range, including Tusker and Serengeti Lager.
  3. NMB Bank Plc:
    Market Cap: $1.12 billion
    NMB Bank Plc. is one of Tanzania’s leading financial institutions, offering banking services across retail, corporate, and SME sectors.
    NMB Bank
    The bank’s robust loan portfolio, increasing digital banking adoption, and strategic expansion have driven its growth and market valuation to Tsh2.925 trillion($1.12 billion).
  4. KCB Bank Tanzania Limited
    Market Cap: $1.02 billion
    A subsidiary of Kenya Commercial Bank (KCB) Group, KCB Tanzania has carved a niche in the banking sector.
    KCB Bank Tanzania Limited
    With a strong digital banking platform and diversified product offerings, KCB, with a market valuation of Tsh2.673 trillion($1.02 billion) continues to expand its footprint in Tanzania’s financial sector.
  5. CRDB Bank Plc.
    Market Cap: $759.36 million
    CRDB Bank is a key financial player, known for its strong asset base and high customer trust.
    CRDB Bank Plc.
    The bank with a market capitalization of Tsh1.985 trillion($759.36 million) has invested in innovative financial solutions and digital transformation, making it a top choice for investors seeking long-term value.
  6. Vodacom Tanzania Limited
    Market Cap: $659.9 million
    Vodacom Tanzania, a leading telecom provider, offers mobile communication, data, and mobile money services.
    Vodacom Tanzania
    With the rising demand for digital services and mobile banking (M-Pesa), Vodacom, with a valuation of Tsh1.725 trillion($659.9 million) continues to see revenue growth and market expansion.
  7. Tanzania Cigarette Company Ltd (TCC)
    Market Cap: $650.39 million
    TCC is a dominant force in Tanzania’s tobacco industry, producing popular cigarette brands like Embassy and Portsman.
    Tanzania Cigarette Company Ltd (TCC)
    Despite regulatory challenges, TCC’s strong brand loyalty and market positioning contribute to its high valuation. It is currently valued at Tsh1.7 trillion($650.39 million) on Da res Salaam Stock Exchange.

  8. Tanzania Portland Cement Company Limited (TPCC)
    Market Cap: $275.13 million
    TPCC, also known as Twiga Cement, is the largest cement producer in Tanzania.
    Tanzania Portland Cement Company Limited (TPCC)
    The company’s solid financial performance, driven by infrastructure growth and real estate expansion, makes it a valuable stock on the DSE with a market capitalization of Tsh719.69 billion($275.13 million).
  9. Kenya Airways Limited
    Market Cap: $174.05 million
    Kenya Airways, a major airline in East Africa, has shown resilience despite industry challenges.
    Kenya Airways Limited
    Its strategic partnerships and fleet expansion efforts make it a noteworthy investment option. As of March 5, 2025, it has a market capitalization of Tsh454.51 billion($174.05 million) amid current suspension on the bourse.
  10. Jubilee Holdings Limited
    Market Cap: $119.02 million
    Jubilee Holdings, with a valuation of Tsh310.91 billion($119.02 million), is a leading insurance provider in East Africa.
    Jubilee Holdings Limited
    Its diversified portfolio, including life and general insurance, has ensured consistent profitability and investor confidence.

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TAGGED:African marketsDSE marketFeaturedFinancial GrowthTanzania stockstop investments
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Feyisayo Ajayi 247 Articles
Feyisayo Ajayi is the Publisher and Co-founder of Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.
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