“The Dar es Salaam Stock Exchange (DSE), founded in 1996, has a market cap of approximately USD $13 billion and has been perceived as unexciting by investors in recent years. That may be about to change, however. For years the government restricted the level of foreign ownership of domestic companies to 60%, but in September it scrapped the cap on foreign ownership, making listings by local companies in search of foreign capital more attractive and likely. DSE CEO Moremi Marwa says he expects up to six new listings in 2015. In 2014, the Dar es Salaam Stock Exchange was the best performing market in sub-Saharan Africa with a USD return of 23.4%.”
http://seekingalpha.com/article/3103096-tanzania-our-case-for-investment
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