Dar es Salaams stock market is no longer a niche corner of East African finance. The Dar es Salaam Stock Exchange has matured into a liquidity story driven by banks, telecoms, and a growing domestic investor base that increasingly trades through mobile platforms.
The past year was a reminder of how quickly sentiment can shift when liquidity improves. In 2025, the DSE closed with total market capitalization at TZS 24 trillion 9.2 billion, a record, while domestic market capitalization finished at TZS 15.6 trillion 6 billion. Returns were led by financials. The DSE All Share Index rose 29.08 percent to 2,761.93 in 2025, and the Tanzania Share Index gained 24.70 percent to an all time high of 5,759.41. The Banks, Finance and Investments index jumped 88.46 percent, powered by moves in CRDB and NMB. Trading followed the same direction. Equity turnover surged 190.3 percent year on year, with total equity turnover reported at TZS 663.75 billion, helped by June 2025 trading reforms that improved price discovery and encouraged wider participation.
Against that backdrop, a small group of individuals stand out, not by private wealth estimates, but by what can be verified in listed holdings right now. The rankings below reflect the estimated market value of their publicly listed stakes as of early February 2026, using the latest available public ownership disclosures and market prices.
