DAR ES SALAAM: THE government plans to list up to five state-owned enterprises on the Dar es Salaam Stock Exchange (DSE) by the end of the 2026/27 financial year, in a move aimed at broadening public ownership, mobilising investment capital and deepening Tanzania’s capital market.
Treasury Registrar Nehemia Mchechu announced the plan on Thursday at the closing of the 13th Building African Financial Markets (BAFM) Forum, saying the government has completed internal assessments and directed the selected institutions to begin preparations.
“We have completed the internal analysis on which corporations will be brought to the market and instructed them to start preparing for the listing process,” Mr Mchechu said.
“At this initial stage, we are targeting two public corporations, but if everything goes according to plan, we hope to list four or even five state firms.” He said the names of the institutions will only be announced after receiving the required approvals from the Capital Markets and Securities Authority (CMSA) and the DSE.
ALSO READ: Kiswahili expands global reach
Mr Mchechu said the initiative forms part of broader government efforts to strengthen the country’s capital markets while reducing reliance on public financing for state-owned enterprises.
He added that listing the firms would enable ordinary Tanzanians to own shares in public corporations, expanding investment opportunities and promoting wider public participation in the economy.
“Public ownership becomes more meaningful when shares are listed on the stock exchange because citizens can directly own part of these companies,” he said.
He noted that listed companies are also subject to stricter disclosure, transparency and corporate governance requirements, improving accountability alongside existing government oversight.
The two-day forum, organised by the DSE in collaboration with the African Securities Exchanges Association (ASEA) under the theme: ‘Driving Capital Market Growth in Africa through Innovation, Integration and Inclusive Participation’, brought together delegates from more than 16 African capital markets and international institutions.
Mr Mchechu said discussions were focused on expanding African capital markets, mobilising domestic savings for infrastructure financing, increasing retail investor participation and strengthening the role of stock exchanges in supporting economic growth.
He added that Tanzania also intends to promote cross-border listings as African financial markets become more integrated. CRDB Bank Senior Manager for Stock Brokerage and Advisory Services, Mr Iman Muhingo, said the proposed listings would inject fresh momentum into the domestic market after several years without a major initial public offering since Vodacom Tanzania’s listing in 2017.
Kadoo Securities Chief Executive Officer Justin Amos said the forum highlighted the growing role of innovation and technology in expanding access to capital markets across Africa.