Dar es Salaam Stock Exchange(DSE) Board has appointed Mrs. Mary Stephen Mniwasa, the chief legal counsel at the bourse, to serve as acting Chief Executive while the search for a substantive CEO is going on.
A statement from DSE said stakeholders would be informed in due course once the process is completed.
This decision was made during the DSE 22nd Extraordinary Board meeting held on June 17th 2022.
Mniwasa is holding the fort following the departure of Moremi Marwa as DSE Chief Executive, following his contract’s end after serving nine years as CEO.
Mniwasa is currently Secretary & Chief Legal Counsel, DSE PLC. She has a graduate degree from the University of Dar-Es-Salaam.
Since 2013, Moremi has played a critical role in the development, transformation and success of the bourse.
The DSE is located on Ohio Street, west of Kivukoni, southeast of Dar es Salaam.
The DSE was incorporated in September 1996, and trading started in April 1998.
The indices at DSE include TSI Tanzania Share Index; DSEI Dar Stock Exchange Index; IA Industrial & Allied; BI Banks, Finance and Investment
The bourse is on the 14th Floor, Golden Jubilee Towers, Ohio Street, Ilala, Dar es Salaam, the United Republic of Tanzania, with 29 listings. The Government of Tanzania owns 15% of the DSE, with the public having an 85% stake.
Trading at the DSE is executed via an Automated Trading System which matches bids and offers using an electronic matching engine.
The ATS is integrated with the CDS to facilitate automated validation of securities holdings and straight-through processing of securities transactions.