DATE LISTED: 9th Sept, 1998
IPO PRICE (TZS): 550
Tanzania Breweries Limited (TBL) is a Tanzanian company primarily involved in the production, distribution, and sale of malt beer, non-alcoholic malt beverages, and alcoholic fruit beverages. The company operates four breweries located in Dar es Salaam, Arusha, Mwanza, and Mbeya, along with over eight depots across the country. Additionally, it produces malt at its malting plant in Moshi.
Founded in 1933 as Tanganyika Breweries, the company was renamed Tanzania Breweries Limited in 1964 following the unification of Tanganyika and Zanzibar. On September 9, 1999, TBL successfully listed 294,928,463 shares on the Dar es Salaam Stock Exchange (DSE) at an IPO price of TZS 550 per share.
The Company operates through two divisions: Beer, and Wines and Spirits. The beer segment comprises clear beer and opaque beer. The Company and its subsidiaries own various liquor brands, such as Safari Lager, Kilimanjaro Premium Lager, Ndovu Special Malt and Konyagi. The Company also produces and distributes Castle Lager, Castle Milk Stout, Castle Lite, Peroni and Redds Premium Cold.
website: www.tanzaniabreweries.co.tz
DATE LISTED: 6th November 2008
IPO PRICE (TZS): 600
NMB, one of Tanzania’s largest commercial banks, offers banking services to individuals, SMEs, and large businesses. Established in 1997 after the split of the National Bank of Commerce, it emerged alongside NBC Holding Limited and National Bank of Commerce Limited.
On October 31, 2008, NMB listed 500,000,000 shares on the Dar es Salaam Stock Exchange (DSE) at an IPO price of TZS 600 per share. For over two years, its shares have consistently opened and closed at TZS 2,750. CORE Securities served as the IPO SPONSORING BROKER.
website: www.nmbbank.co.tz/
DATE LISTED: 15th April, 1998
CORE Securities Ltd was the LEAD ADVISOR during this milestone event
IPO PRICE (TZS): 500
TOL Gases Limited specializes in the production and distribution of industrial gases, medical gases, and related accessories in Tanzania. The company’s product portfolio includes oxygen, compressed air, carbon dioxide, inert gases, hydrogen, nitrogen, ammonia, argon, nitrous oxide, helium, and acetylene gases. In addition, it offers medical consumables and pipeline installation services. In 1998, TOL Gases listed 55,835,490 shares on the Dar es Salaam Stock Exchange (DSE) at an IPO price of 500.
website: www.tolgases.com/
DATE LISTED: 16th November,2000
IPO PRICE: 410
TCC is a member of the JTI Group of Companies, boasts a proud history that reflects the way the country itself has re-shaped over the past half a century.
The Company was established as East African Tobacco in 1961, just a few years later the Government of Tanzania acquired 60% equity in the Company, as part of Tanzania’s Nationalization program and the remaining 40% in 1975.
In 1995, RJ Reynolds acquired a 51% stake in TCC. In 1999, Japan Tobacco Inc. (JT) acquired all non-US Tobacco operations of RJ Reynolds, including its 51% stake in TCC. In September 2000, JT, through its international tobacco division, Japan Tobacco International (JTI), increased its shareholding in TCC from 51% to 75%, making JTI the majority shareholder in TCC.
Today, TCC listed 100,000,000 shares at the Dar es Salaam Stock Exchange on November 2000 at an IPO price of 410 per share. The company keeps performing through its brands Embassy, Sweet Menthol (SM), Portman, Club, Safari, Camel and Iceberg.
website: www.tcc.co.tz
DATE LISTED: 15 July2008
(Core Securities acted as the LEAD ADVISOR)
IPO PRICE (TZS): 300
NICOL, a public company in Tanzania, was listed on the Dar es Salaam Stock Exchange (DSE) on 15 July 2008 at an IPO price of TZS 400 per share. However, in 2011, it was de-listed by the Capital Markets & Securities Authority due to non-compliance with financial reporting and unauthorized asset sales. At the time of de-listing, shares traded at TZS 270/-. In 2017, NICOL re-emerged, declaring a dividend of TZS 25 per share after 10 years of operations, and announced plans to re-list on 6 June 2018 at TZS 300 per share.
The company focuses on acquiring, establishing, and managing enterprises across various key economic sectors, including manufacturing, financial services, telecommunications, agriculture, and mining. NICOL has two subsidiaries: Tanzania Fisheries Development Company Limited (TFDC) and Tanzania Meat Company Limited (TMCL).
website: www.nicol.co.tz
DATE LISTED: 26th Sept,2002
IPO PRICE (TZS): 310
TCCL, a Tanzanian cement company, was established in 1980 in collaboration with the government of Denmark. The company specializes in the manufacturing, distribution, and sale of cement and clinker, with its flagship product, Simba Cement, being produced since its inception. In 2002, TCCL was listed on the Dar es Salaam Stock Exchange, with the general public acquiring 32.5% of the 63,671,045 shares listed.
website: www.simbacement.co.tz/
DATE LISTED: 2017
IPO PRICE (TZS): 850
Vodacom Tanzania is a subsidiary of Vodacom Group Limited, a company registered in the Republic of South Africa, which in turn is a subsidiary of Vodafone Group Plc, a company registered in the United Kingdom.
A telecommunication company with leading market share (31% as at June 2016). It started its operations on year 2000 and its was listed in the Dar es salaam stock exchange on the 15th of August 2017 where by it listed 560,000,100 shares at an IPO price of TZS 850.
Vodacom Tanzania offers a wide variety of innovative products and offerings including Voice, data, messaging services, mobile money (M pesa) and etc.
website: www.vodacom.co.tz/en/
DATE LISTED: 27th November 2015
IPO PRICE (TZS): 600
Mwalimu Commercial Bank (MCB), established in 2012 and headquartered in Dar es Salaam, Tanzania, was founded to address challenges faced by teachers in accessing affordable financial services. Initiated by the Tanzania Teachers’ Union (TTU) and its economic wing, the Teachers’ Development Company Limited (TDCL), the bank aims to provide cost-effective and diverse financial solutions to teachers and the general public.
To empower teachers and raise capital, MCB listed on the Dar es Salaam Stock Exchange (DSE) under the Enterprise Growth Market, issuing 50,000,000 shares at TZS 500 per share. CORE Securities served as the NOMINATED ADVISOR for the IPO.
website: www.mcb.co.tz/
DATE LISTED: 29th December 2014
IPO PRICE (TZS): 600
Mkombozi Commercial Bank (MKCB) was established in 2009 by the Tanzania Episcopal Conference (TEC) to support emerging Tanzanian businesses by providing financial services. The bank primarily targets small and medium-sized entrepreneurs, companies, SACCOS, and social enterprises such as schools and universities, while also serving middle-market and large corporations, institutional investors, and government entities.
To raise capital, MKCB issued 5,000,000 shares to the public at an IPO price of TZS 1,000 per share under the Enterprise Growth Market (EGM), with CORE Securities serving as the nominated advisor.
website: mkombozibank.co.tz/
DATE LISTED: 29th Sept,2006
IPO PRICE (TZS): 435
TPCC is a subsidiary of the Heidelberg Cement Group is the largest cement producing company in Tanzania. Established in 1966 with the principal activity of manufacturing and selling cement. The shares of TPCC are actively traded on the Dar es Salaam Stock Exchange (DSE).
The company currently produces three brands of cement, Twiga Extra (32.5R), Twiga Plus+ (42.5N) and Twiga Ordinary (42.5N). Today, TPCC remains the market leader in the cement industry in Tanzania holding around 36% of the market share. Being a market leader TPCC has supplied cement to many sensitive and competitive projects in Tanzania including the new National Stadium, the Bus Rapid Transit pavement roads, Kigamboni Bridge, the Mwenge-Tegeta road, Kilwa road, Multi-storey structures such as PSPF, Uhuru Heights, Rita High Rise Building, NHC and many others. In 2006 TPCC listed a total of 179,923,100 shares at an IPO price of TZS 435.
website: www.twigacement.com/en
DATE LISTED: 17th June 2009
IPO PRICE (TZS): 150
CRDB Bank Plc is an African bank and a leading Financial Services Provider in Tanzania with current presence in Tanzania and Burundi, East Africa.
The Bank was established in 1996 and it listed its 2,176,532,160 shares in Dar Es Salaam Stock exchange (DSE) in June 2009 at an IPO price of TZS 150 per share.
CRDB Bank offers a comprehensive range of products such as Corporate, Retail, Business, Treasury, Premier, and wholesale microfinance services through a network of over 120 branches, over 400 ATMs, 15 Depository ATMs, over 13 Mobile branches and 984 Point of Sales (POS) terminals.
website: www.crdbbank.co.tz/
DATE LISTED: 26th Sept,2006
IPO PRICE (TZS): 225
Swissport Tanzania, an aviation service provider, entered the Tanzanian market in 2001 following the acquisition of Dar es Salaam Airports Handling Company (DAHACO) by its parent company, Swissport International. The company offers ground handling, cargo handling, aircraft maintenance, and fueling services at Julius Nyerere International Airport and Kilimanjaro International Airport. To address growth saturation at major airports, Swissport has expanded operations to Songwe Airport and Mtwara Airport.
In 2003, Swissport Tanzania listed 36,000,000 shares on the Dar es Salaam Stock Exchange (DSE) at an IPO price of TZS 225, with CORE Securities Ltd serving as the IPO LEAD ADVISOR.
website: www.www.swissport.com/
DATE LISTED: 17th Dec, 1999
IPO PRICE (TZS): 330
TATEPA, a Tanzania-based holding company, was listed on the Dar es Salaam Stock Exchange (DSE) in December 1999. Through its subsidiaries, the company focuses on growing, processing, blending, marketing, and distributing tea. Additionally, it operates in the avocado sector, engaging in growing and processing activities. CORE Securities later took over as the lead advisor.
DATE LISTED: 8th June 2016
IPO PRICE (TZS): 250
MuCoBa, formerly known as Mufindi Community Bank Ltd, is Tanzania’s oldest community bank. Incorporated in December 1998, it was licensed by the Bank of Tanzania (BOT) in May 1999 to provide banking services to the communities of Mufindi and neighboring districts. The bank began operations in June 1999, driven by the growing demand for financial services in the region.
On June 8, 2016, MuCoBa listed 8,156,423 shares on the Dar es Salaam Stock Exchange (DSE) at an opening price of TZS 250 per share. CORE Securities served as the IPO LEAD ADVISOR and SPONSORING BROKER.
website: www.mucobatz.com/
DATE LISTED: 09 September 2013
IPO PRICE (TZS): 600
Maendeleo Bank Plc (MBP) was established as a Limited Company in February 2011. On September 9, 2013, the bank commenced operations as a regional bank, obtaining license number NBA 00026 to conduct banking activities. Notably, Maendeleo Bank Plc became the first bank in Tanzania to be listed on the Dar es Salaam Stock Exchange (DSE) as a Public Limited Company (PLC) from its inception. CORE Securities served as the NOMINATED ADVISOR for its Rights Issue.
website: www.maendeleobank.co.tz/
DATE LISTED: 16thSeptember 2008
CORE Securities Ltd was the LEAD ADVISOR and SPONSORING BROKER during this milestone event.
IPO PRICE (TZS): 275
DCB was registered as a Limited Company on 6th September 2001. In April 2002, DCB started business as a regional microfinance institution. On 12 June 2003 the bank was issued with a license to carry out banking business as Dar es Salaam Community Bank Limited. In 2005, after only 3 years of its operation, DCB broke-even. In 2008, DCB became the first bank in Tanzania to be listed to Dar es Salaam Stock Exchange (DSE) at an IPO price of 275 where by it listed 67,827,897 shares. In February 2012, the Bank changed its name from Dar es Salaam Community Bank Plc to DCB Commercial Bank plc and in July 2012, the bank was issued with a license to carry out banking business country wide as a fully-fledged Commercial Bank.
website: www.dcb.co.tz/
DATE LISTED: 12th July 2016
IPO PRICE (TZS): 500
DSE is a market place where buyers and sellers of financial instruments meet. The Exchange is the secondary leg of Capital Markets that help avail long term and affordable capital to companies (productive users) from investors (idle holders/savers) with investment motives.
DSE was incorporated in 19 September 1996 and trading started in April 1998. The exchange became operational on 15 April 1998 with TOL Gas Limited listing as the first company followed by the Tanzania Breweries Limited (TBL) during the same year.
On 29 June 2015 the Dar-es-Salaam Stock exchange re-registered to become a public limited company after issuing 15,000,000 shares to the public at an IPO price 500.
website: www.dse.co.tz
DATE LISTED: 23 November 2020
IPO PRICE (TZS): 500/=
JATU PLC is a Tanzanian company involved with Agriculture, industries and markets, it was registered on 20th October, 2016. The core Vision of JATU PLC is to become a leading public company in producing quality products and good services within and beyond the country, and to create employment opportunities to Tanzanians, intended to enhance income for individuals and maximize government revenues. As its Mission to achieve its Vision, JATU PLC is dedicated to ensure that human lives are enriched with good health by use of premium natural products produced by JATU PLC and implement a poverty reduction solution by use of human resources, modern agriculture and engage in industry activities and network marketing to ensure profit sharing.
website: www.jatukilimo.com/about/
IPO PRICE (TZS): 400
AFRIPRISE Investment PLC, officially recognized by BRELA on April 23, 2024, previously operated as TCCIA Investment PLC (TICL) since its inception on November 9, 1999.. The company was listed on the Dar es Salaam Stock Exchange in March 2018 at an IPO price of TZS 400, with CORE Securities serving as the LEAD ADVISOR for the IPO.
website: www.tcciainvest.co.tz/
DATE LISTED: 21st December 2011
IPO PRICE (TZS): 470
PAL provides regional and domestic carriage of passengers and cargo by air. The company flies to 11 destinations within and outside Tanzania, including Arusha, Kilimanjaro, Mwanza, Bukoba, Mtwara, Kigoma, Tabora, Zanzibar, Nairobi, Musoma, and Hahaya. The company also provides ground handling services; and distributes the Galileo reservation systems to airlines and travel agents in Tanzania. It operates through a fleet of five 70-seater ATR 72-500, three 48-seater ATR 42-500, and a 48-seater ATR 42-600. The company was incorporated in 1991 and is headquartered in Dar es Salaam, Tanzania.
PAL listed 160,469,800 shares on DSE in 2011 after unsuccessful IPO were by it was under subscribed by more than 50%. The IPO price was 470.
website: www.precisionairtz.com/
