Tanzania stock exchange goes public, 15m new shares up for grabs

The Dar es Salaam Stock Exchange has opened up its ownership to the public, allowing individual and institutional investors, including stockbrokers, to acquire up to a 20 per cent shareholding in the 20-year-old bourse.

The share offer and its eventual self-listing on the exchange marks the culmination of the demutualisation process — which included the change in the legal status of the bourse from a private company limited by guarantee to a public company limited by shares.