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Dar bourse now introduces automated...
2008-05-03 09:35:28
By Gadiosa Lamtey
Finance and Economic Affairs minister Mustafa Mkullo yesterday challenged companies to enlist on the Dar es Salaam Stock Exchange as a way to expand their businesses.
Mkullo issued the challenge in Dar es Salaam at the the launch of an automated electronic trading system at the Dar es Salaam Stock Exchange (DSE).
He said the stock exchange market was expanding slowly because it was only ten companies which had so far enlisted since DSE was established ten years ago.
``The problem of using a manual trading system also contributed to the slow expansion of the stock exchange market. I advise companies to join DSE in order to get more benefits,`` Mkullo noted.
He said both the Capital Markets and Securities Authority (CMSA) and DSE were now targeting a market segment of small and medium enterprises with the aim of supporting more people.
Mkullo urged DSE to undertake a public awareness campaign so that people understand the opportunities offered by capital markets in order to make a difference and reduce poverty reduction.
``It is my hope that DSE together with its stakeholders will maintain this system and continue to value it,`` he said.
DSE chairman Peter Machunde said they planned to increase the number of products in the market in terms of equity securities, collective investment schemes, venture capital funds, government bonds and corporate bonds.
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