Challenges faced by Dar-es-Salaam Stock Exchange Market in Tanzania

For the past three decades, stock exchanges in emerging markets have accounted for economic growth, revolution and acceleration of financial sector development. For instance in Africa, stock exchange markets have been established in many countries such as Tanzania, Rwanda, Kenya, Swaziland, Botswana, Ghana, Malawi, Zambia, and Uganda. Prior to 1989 there were just five stock markets in sub-Saharan Africa and three in North Africa. Today there are more than 20 stock exchange markets in Africa and have been one of the domestic financial liberalization programs of most African countries. The main factor towards the establishment of stock exchange markets in African countries during the past few decades is linked to some important factors for development of global financial market and economy. Despite of establishment of stock exchange markets in Eastern and Sub-Saharan countries still there are challenges which hinder the sustainable development of these markets. Dar-es-Salaam Stock Exchange (DSE) market in Tanzania is one of the emerging stock exchange markets facing challenges that hinder the efficiency, sustainable growth and development of the market. This paper is going to identify some of the challenges faced by Dar-es-Salaam Stock Exchange market in Tanzania. Keywords: stock exchange markets, emerging markets, capital markets, financial market