The Dar Es Salam Stock Exchange (DSE) has a mobile application that allows you to carry out stock market transactions from a mobile phone. “The objective of this mobile service is to open the capital market to all Tanzanians, regardless of location. Many people are excluded because they live too far from our licensed brokers. The time and cost of the journey to register discourages many of them, “said Patrick Musasa, its chief strategy and development officer.

With a mobile penetration of almost 65% in the country and more than 30% of the population with access to banking services, the platform will certainly open the securities market to a greater number of Tanzanians. There are only 500,000 stock market participants out of the country’s 50 million people. It is nevertheless one of the most dynamic stock markets on the continent with an increase of 39% in its index in 2014. The platform now works with the 4 mobile operators in the country.

Since its launch in late August 2015, the platform has continued to record good growth in terms of membership and today has nearly 800 regular users. But Patrick Musasa is more ambitious: “we expect to reach tens of thousands of people and attract investors who live outside the economic capital within a year.” The DSE is the first and only African stock exchange to use this technology.

source: ecceafeica.com

About The Author

CEO AfrikaTech

Comme beaucoup de personnes j’ai connu l’Afrique à travers des stéréotypes : l’Afrique est pauvre, il y a la guerre, famine… Je suis devenu entrepreneur pour briser ces clichés et participer à la construction du continent. J’ai lancé plusieurs entreprises dont Kareea (Formation et développement web), Tutorys (Plate-forme de e-learning), AfrikanFunding (Plate-forme de crowdfunding). Après un échec sur ma startup Tutorys, à cause d’une mauvaise exécution Business, un manque de réseau, pas de mentor, je suis parti 6 mois en immersion dans l’écosystème Tech au Sénégal. J’ai rencontré de nombreux entrepreneurs passionnés, talentueux et déterminés. A mon retour sur Paris je décide de raconter leur histoire en créant le média AfrikaTech. L'objectif est de soutenir les entrepreneurs qui se battent quotidiennement en Afrique en leur offrant la visibilité, les connaissances, le réseautage et les capitaux nécessaires pour réussir. L'Afrique de demain se construit aujourd'hui ensemble. Rejoignez-nous ! LinkedIn: https://www.linkedin.com/in/boubacardiallo

Related Posts

Leave a Reply

Your email address will not be published.