By Staff Reporter – Dar es Salaam
In a strategic move to deepen capital markets participation in Tanzania, NMB Bank Plc has partnered with the Dar es Salaam Stock Exchange (DSE) to launch a groundbreaking mobile trading solution — the ‘Hisa Kiganjani’ mini app, now integrated into the NMB Mkononi App.
Launched yesterday in Dar es Salaam, the innovation aims to democratize access to stock trading, making it easier for both seasoned and first-time investors to buy and sell shares directly from their smartphones. The initiative is expected to stimulate trading activity, enhance market liquidity, and lower the entry barriers historically associated with investing on the DSE.
.jpeg)
One-Click Access to DSE
The new platform allows users to access real-time trading data, buy and sell stocks of all DSE-listed companies, and manage their investments securely and efficiently — all within a unified digital ecosystem. This seamless integration not only reduces transaction costs but also eliminates the need for physical visits to stockbrokers.
Speaking during the launch event, NMB Bank CEO Ruth Zaipuna described the new platform as a milestone in the bank’s digital transformation journey, emphasizing its role in boosting financial inclusion and capital market participation.
“This new platform will help facilitate the processes of buying and selling shares. It offers real-time market data and is equipped with robust security features, delivering a seamless and secure trading experience,” she said.
Zaipuna also acknowledged the collaborative efforts of the ICT teams from NMB and DSE, which led to the successful integration of the apps.
“We will continue investing in technology to ensure a smarter, faster, and more user-friendly experience for our customers,” she added. “And we remain committed to promoting financial literacy, including stock market education, to empower more Tanzanians.”
A New Era for Market Participation
Echoing her sentiments, DSE CEO Peter Nalitolela highlighted the app’s potential to transform the trading experience at the bourse.
“This new app will empower users to navigate the DSE market more efficiently while enjoying a personalized trading experience. Now, millions of Tanzanians can buy and sell stocks with a single click,” he said.
He further encouraged citizens — particularly the youth — to embrace investment opportunities in the stock market, noting that large capital is not a prerequisite to start trading.
Government Endorsement and Future Outlook
Minister for Planning and Investment, Prof. Kitila Mkumbo, who officiated the launch as guest of honor, lauded the platform for its promise to enhance efficiency and transparency in the market.
“This will be a catalyst for increased trade at the Dar es Salaam Stock Exchange,” he noted. “However, the key challenge remains changing mindsets so that more Tanzanians adopt stock market trading.”
The Minister also revealed that plans are underway to list more government institutions at the DSE starting next year, a move expected to further boost market transparency and accountability.
With this digital leap, NMB Bank and the DSE have signaled a strong commitment to modernizing Tanzania’s financial markets, bringing them closer to the fingertips of everyday citizens and paving the way for broader economic participation.
.jpeg)
.jpeg)
No comments:
Post a Comment