Top billion-dollar firms on Dar es Salaam Stock Exchange

Tanzania’s capital market is quietly producing corporate giants. As foreign investor interest deepens and domestic savings increasingly flow into equities, the Dar es Salaam Stock Exchange (DSE) has become home to a small but powerful group of billion-dollar companies shaping the country’s financial and consumer landscape.

As of Feb. 6, 2026, only five companies listed on the Dar es Salaam Stock Exchange command market capitalizations above $1 billion, highlighting both the concentration of value on the bourse and the sectors driving Tanzania’s corporate economy.

Banking institutions dominate the upper tier of this elite group, accounting for three of the five stocks, while the remaining two are beverage giants that underscore the strength of consumer demand and brand-led growth in the country.

Consumer-facing giants, particularly in beverages, round out the list, benefiting from strong demographics, brand loyalty, and pricing power in East Africa’s fast-growing markets. Led by CRDB and NMB, whose aggressive investments in technology, branch expansion, and SME financing have positioned them as critical engines of economic activity.

Together, these companies anchor investor confidence, drive credit expansion, support local supply chains, and reflect the economy’s shift toward scale, formalization, and digitalization.

Shore Africa profiles the top 5 billion-dollar stocks on the DSE based on market capitalization, sector impact, and financial performance (Data profiled as of the close of market on February 6, 2026).

1. CRDB Bank Plc.
Market Cap. as of Feb. 6 2026: $2.56 billion
Rank: As of the close of market on Friday, february 6, 2026, CRDB is the most valuable stock on the Dar es Salaam bourse.
Brief Overview: CRDB Bank is a key financial player, known for its strong asset base and high customer trust. The bank with a market capitalization of Tsh6.58 trillion ($2.56 billion) has invested in innovative financial solutions and digital transformation, making it a top choice for investors seeking long-term value. CRDB Bank Plc is the largest, leading integrated financial services provider in Tanzania, established in 1996 and listed on the Dar Es Salaam Stock Exchange (DSE) since 2009.

2. NMB Bank Plc
Market Cap. as of Feb. 6 2026:  $2.24 billion
Rank: As of the close of market on Friday, february 6, 2026, NMB is the second most valuable stock on the Dar es Salaam bourse.
Brief Overview: 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 of Tsh5.78 trillion ($2.24 billion). As a leading, top-tier commercial bank in Tanzania, providing comprehensive banking services to individuals, SMEs, and large corporations. Headquartered in Dar es Salaam and listed on the Dar es Salaam Stock Exchange (DSE), it is known for having one of the largest branch networks in the country.

3. KCB Bank Tanzania Limited
Market Cap. as of Feb. 6 2026:  $1.76 billion
Rank: As of the close of market on Friday, february 6, 2026, KCB is the third most valuable stock on the Dar es Salaam bourse.
Brief Overview: KCB Bank Tanzania Limited is a licensed commercial bank in Tanzania and a subsidiary of the Nairobi-based 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 Tsh4.54 trillion ($1.76 billion), continues to expand its footprint in Tanzania’s financial sector.

4. East African Breweries Limited (EABL)
Market Cap. as of Feb. 6 2026:  $1.52 billion
Rank: As of the close of market on Friday, february 6, 2026, EABL is the fourth most valuable stock on the Dar es Salaam bourse.
Brief Overview: 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 Tsh3.91 trillion ($1.52 billion), has demonstrated strong profitability driven by its premium product range, including Tusker and Serengeti Lager. East African Breweries Limited (EABL) is a regional leader in beverage alcohol with an exceptional collection of brands across beer and spirits.

5. Tanzania Breweries Limited (TBL)
Market Cap. as of Feb. 6 2026:  $1.16 billion
Rank: As of the close of market on Friday, february 6, 2026, TBL is the fifth most valuable stock on the Dar es Salaam bourse.
Brief Overview: Tanzania Breweries Limited (TBL) is the largest company on the DSE, dominating the beverage industry with a valuation of Tsh2.99 trillion ($1.16 billion). Tanzania Breweries Limited is the oldest and largest brewing company in Tanzania, holding approximately 70% of the market share. As a subsidiary of the AB InBev Group (formerly SABMiller), it produces and distributes major beer brands like Safari Lager, Kilimanjaro Premium Lager, and Castle Lite, alongside spirits like Konyagi.