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.
- 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).
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.
- 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.
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.
- 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.
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).
- 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.
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.
- 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.
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.
- Vodacom Tanzania Limited
Market Cap: $659.9 million
Vodacom Tanzania, a leading telecom provider, offers mobile communication, data, and mobile money services.
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.
- 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.
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.
- Tanzania Portland Cement Company Limited (TPCC)
Market Cap: $275.13 million
TPCC, also known as Twiga Cement, is the largest cement producer in Tanzania.
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).
- Kenya Airways Limited
Market Cap: $174.05 million
Kenya Airways, a major airline in East Africa, has shown resilience despite industry challenges.
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.
- 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.
Its diversified portfolio, including life and general insurance, has ensured consistent profitability and investor confidence.