The Dar es Salaam Stock Exchange (DSE), is due to start a sensational seminar by the end of this year, to educate the public on the new Enterprise Growth Market (EGM)
Speaking to The Guardian in Dar es Salaam yesterday, the DSE Manager, Research and Market Development, Mohamed Kailwa, talked about the new efforts to give more awareness to the community which he said is lacking.
So far the DSE has started students’ programmes for secondary and higher education that teach them on the EGM during trading session.
“We have made much effort in three regions, which are Coast, Dar es Salaam and Morogoro where have been sensitising small marketers about how this (new) second market is important to their businesses,” he said.
He added that the second market amendment has been taken to the government under the Capital Markets and Security Authority (CMSA).
He continued by saying that the aim of the project is to remove capital restrictions by allowing EGM advisors to do other businesses as well.
Before the amendment the EGM advisors were required to place 2bn/- in payment capital and not to carry out different businesses apart from EGM.
The DSE thought that some businesses, especially the small markets, have failed to join the bourse because of the legal restrictions. “By starting this new, second market it will help us to attract new and smaller businesses to the EGM,” he said.
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