NMB Bank, DSE partner to launch mobile platform to boost trading

Dar es Salaam. NMB Bank Plc has partnered with the Dar es Salaam Stock Exchange (DSE) to unveil a digital stock trading solution aimed at enhancing investment activity and broadening access to capital markets.

The new DSE mini-application, dubbed Hisa Kiganjani, was launched on Thursday, July 10, 2025 in Dar es Salaam.

Integrated within the NMB Mkononi app, the platform enables investors to access comprehensive trading data and execute real-time share transactions for all DSE-listed companies with a single click.

The initiative is expected to ease entry into the stock market, particularly for first-time investors, while also reducing transaction time and costs typically associated with traditional brokerage services.

Speaking at the launch, NMB Bank Chief Executive Officer, Ms Ruth Zaipuna, described the platform as a significant milestone in the bank’s digital transformation agenda.

“This new solution will offer a smarter, faster, and more user-friendly trading experience for investors at the DSE,” said Ms Zaipuna, noting that it was the result of successful integration efforts by the ICT teams of both NMB and DSE.

She added that the app aligns with the bank’s financial inclusion strategy and is expected to boost trading volumes at the bourse.

“The platform facilitates seamless buying and selling of shares, provides real-time market data, and incorporates strong security features—elements highly valued by investors seeking a secure and efficient trading experience,” she said.

Ms Zaipuna further affirmed the bank’s commitment to promoting financial and stock market literacy to encourage wider participation by Tanzanians in capital markets.

“We will continue investing in technology to deliver a seamless banking experience for all our customers,” she added.

On his part, DSE Chief Executive Officer, Mr Peter Nalitolela, said the new platform would offer users a highly personalised and efficient way to engage with the market.

“This solution provides a whole new experience at the DSE. Millions of Tanzanians can now buy and sell stocks with just one tap on their smartphones—no need to visit a stockbroker,” said Mr Nalitolela.

He urged the public, particularly the youth, to consider investing in shares, emphasising that significant capital is not a prerequisite to enter the market.

“You don’t need a lot of money to start investing. Begin small and grow,” he said.

The minister of State in the President’s Office [Planning and Investment], Prof Kitila Mkumbo, who officiated the event, applauded the launch of the mobile trading platform, describing it as a key step towards improving market efficiency.

“This platform will act as a catalyst for increased trading activity at the DSE. However, the major challenge remains changing the public mindset to embrace stock market participation,” said Prof Mkumbo.

He further revealed that plans are underway for more government institutions to list on the DSE beginning next year, a move aimed at enhancing transparency and accountability in the public sector.