Dar es Salaam Stock Exchange (DSE) is now beamed by three world prominent data vendors, which have assisted to increase the bourse’s global visibility.

A trader looks at his screen in the trading room of the Dar es Salaam Stock Exchange. (Photo: REUTERS / Katrina Manson)

The vendors, according to DSE, are US’s Bloomberg that is the most affiliated vendor in America, UK’s Thompson Reuters and a South African I-Netbridge.DSE’s Marketing Manager Mr Ibrahim Mshindo said the three data vendors are provided with real time data connected to the bourse’s trading system plus downloading from its online facility.

“The vendors interact with global investors (hence) increase Dar bourse’s visibility worldwide,” Mr Mshindo told about 25 students from Barbro Johansson Model Girls Secondary School who paid a visit to DSE.He added: “The visibility helps to push up share trading volume from international traders.”

The A level students taking Economics, Commerce and Accounts (ECA) subjects said the tour was an eye opener because it helped them to understand best the stock exchange and subjects they study.They said the visit also helped them to understand that ECA is not limited to become accountants and economists but has a number of options including to become stockbrokers and money market analysts.

“HESLB (Higher Education Students’ Loans Board) should now consider to offer a hundred per cent full sponsorship for accounts, economics and commerce students to groom skills for portfolio investment personnel, ” Elder Kyakunyanya, a student of Barbros advised.

Another student, Coletha Mutagwabwa, said she did not understand the stock issues despite watching financial news on televisions but the visit enabled her to deeply be aware of the market.Agrippina Bashagi said before the visit, she thought only those who have money could buy shares but it was the opposite as with a little amount of money, one can invest in stocks.

“I realised that a penny saved today is the pound invested tomorrow…I will even advise my parents to start investing in shares,” she said.Rebecca Joshua said the education she received on the stocks and debts markets was of high value as “by investing little by little and right you never know you might have your own ‘boom’ and become a millionaire.”

The school’s Commerce Teacher,  Mr Mtinga Kengera, said the practical education the students received has a direct and positive impact on their education.“The tour has educated them positively and will enable them to understand better their subjects …it has been a good experience,” Mr Kengera said.

But the students wondered still as to why with all incentives for listing at DSE, the bourse has only 11 local companies.

Source Tanzania Daily News

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