Tanzania Frontier
Africa · Dodoma · TZS (Tanzanian Shilling)
Economy & industry overview
Tanzania is a lower-middle-income economy in East Africa and the second largest economy in the East African Community, with a nominal GDP of approximately $87 billion in 2025. Growth is broad-based, driven by agriculture, mining, construction, financial services, and a recovering tourism sector. The country holds significant natural resources including gold, natural gas, gemstones, and agricultural commodities such as coffee, tea, cashews, and tobacco. The Dar es Salaam Stock Exchange (DSE), established in 1998, serves as the primary capital market, with a domestic market capitalisation reaching a record TZS 15.56 trillion by end-2025. Tanzania operates under Vision 2025 development goals targeting middle-income status, with long-term planning now extending under Vision 2050.
Key sectors
Learn everything about Tanzania →Macro
| GDP nominal, USD | $87.44B |
| GDP growth real, annual | 6.0% |
| Inflation annual | 3.3% |
| Population people | 73.0M |
| GDP per capita USD | $1,300 |
| Market cap total listed, USD | $9.05B |
| Market cap / GDP | 10.3% |
| Unemployment | 2.6% |
| Listed companies | 29 |
| Exchange | Dar es Salaam Stock Exchange (DSE) |
Data year: 2025. Sources: IMF World Economic Outlook (2025), African Development Bank – Tanzania Economic Outlook (June 2026), World Bank Open Data (2025), Tanzania National Bureau of Statistics (NBS), Dar es Salaam Stock Exchange – 2025 Annual Market Performance Report, TanzaniaInvest – DSE Market Performance 2025, Bank of Tanzania – Monetary Policy Report, Wikipedia – Economy of Tanzania, The Citizen (Tanzania) – DSE 2025 Year-End Report.
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NigerLargest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | NMB Bank PlcNMB · DSE | Financials – Banking | $1.58B | — |
| 2 | KCB Group PlcKCB · DSE | Financials – Banking | $1.51B | — |
| 3 | CRDB Bank PlcCRDB · DSE | Financials – Banking | $1.50B | — |
| 4 | East African Breweries LimitedEABL · DSE | Consumer Goods – Beverages | $970.00M | — |
| 5 | Tanzania Breweries LimitedTBL · DSE | Consumer Goods – Beverages | $947.00M | — |
| 6 | Vodacom Tanzania PlcVODA · DSE | Telecommunications | $490.00M | — |
| 7 | Tanzania Portland Cement Company PlcTPCC · DSE | Industrials – Building Materials | $415.00M | — |
| 8 | Tanzania Cigarette Company PlcTCC · DSE | Consumer Goods – Tobacco | $400.00M | — |
| 9 | Tanga Cement Company PlcSIMBA · DSE | Industrials – Building Materials | $75.00M | — |
| 10 | Swissport Tanzania PlcSWISSPORT · DSE | Industrials – Aviation Services | $50.00M | — |
| 11 | TOL Gases LimitedTOL · DSE | Basic Materials – Industrial Gases | $48.00M | — |
| 12 | CRDB Bank Plc (DSE-listed Dar es Salaam Stock Exchange Plc)DSE · DSE | Financials – Stock Exchange | $45.00M | — |
| 13 | Tanzania Tea Packers Limited (TATEPA)TATEPA · DSE | Consumer Goods – Beverages (Tea) | $22.00M | — |
| 14 | Precision Air Services PlcPAL · DSE | Consumer Services – Airlines | $15.00M | — |
| 15 | DCB Commercial Bank PlcDCB · DSE | Financials – Banking | $12.00M | — |
| 16 | Swala Oil and Gas (Tanzania) PlcSWALA · DSE | Energy – Oil & Gas Exploration | $11.00M | — |
| 17 | Maendeleo Bank PlcMFBL · DSE | Financials – Banking | $9.00M | — |
| 18 | Mkombozi Commercial Bank PlcMKCB · DSE | Financials – Banking | $7.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
| ETF | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|
| XSOEWisdomTree Emerging Markets ex-State-Owned Enterprises Fund · WisdomTree | Broad EM Reference only | 0.32% | 0% |
| EZAiShares MSCI South Africa ETF · BlackRock (iShares) | Regional Reference only | 0.59% | 0% |
| AFKVanEck Africa Index ETF · VanEck | Regional | 0.78% | 2% |
| FMiShares MSCI Frontier and Select EM ETF · BlackRock (iShares) | Broad EM | 0.79% | 0% |
Local exchange & access
| Exchange | Dar es Salaam Stock Exchange |
| Code | DSE |
| Website | www.dse.co.tz |
| Currency | TZS |
Local broker access
Trading on the Dar es Salaam Stock Exchange is conducted through licensed dealing members (stockbrokers) regulated by the Capital Markets and Securities Authority (CMSA) of Tanzania. Foreign investors may participate in the DSE subject to CMSA regulations; some counters impose foreign ownership limits. Settlement is T+3. No major international retail brokerage platforms currently provide direct DSE trading access; investors typically engage local licensed brokers. Notable licensed dealing members include Vertex International Securities, Solomon Stockbrokers, and Orbit Securities.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants No formal investment-migration programme
Tanzania does not operate a formal Golden Visa or citizenship-by-investment programme. Foreign nationals may obtain residence permits under Class A (investor/business), Class B (employee), or Class C (specific activities) categories administered by the Tanzania Immigration Services Department. Class A investor permits require evidence of qualifying business investment in Tanzania. There is no published minimum investment threshold for a standard residency-by-investment pathway, and no programme that automatically grants permanent residency or citizenship in exchange for a passive financial investment.
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Foreign nationals relocating to Tanzania for business or employment purposes may apply for the relevant class of residence permit through the Tanzania Immigration Services Department. Zanzibar operates a separate administration and has periodically promoted its own investor-focused residency schemes. Expatriates should verify current permit categories, fees, and processing requirements directly with immigration authorities, as regulations are subject to change.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| No notable US-listed ADRs or OTC pink-sheet programmes currently exist for DSE-listed Tanzanian domestic companies. | — | As of 2025, no domestically headquartered Tanzanian company maintains an active American Depositary Receipt (ADR) programme or OTC pink-sheet listing in the United States. Cross-listed regional companies on the DSE (such as KCB Group and EABL) are listed on other African exchanges but also do not have US ADR programmes. |