Here’s How to Profit From Tanzania’s Quiet Rise

CRDB Bank and Tanzania's Growth

It might be time to brush up on your Swahili.

Tanzania looks to be one of the world’s biggest economic success stories over the next five years. While its dynamic neighbor to the north grabs most of the headlines, the unassuming East African nation has strung together 12 consecutive years of +6% GDP growth. And there’s no end in sight.

Here’s a stock that both local and foreign investors can buy to participate in the country’s expansion.

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How to Invest on the Dar es Salaam Stock Exchange

Dar es Salaam

If you really want to invest at the furthest reaches of Africa’s frontier markets, the Dar es Salaam Stock Exchange (DSE) is for you. The little market lists only 11 local companies and trade volumes often don’t exceed $500,000 per week.

But the DSE will likely not be so sleepy five years from now. Exploration companies have discovered huge natural gas reserves off Tanzania’s sandy shores that they are rushing into production. Now the country appears set to be the world’s newest energy hub.

One way to get in on the ground floor of these exciting developments is via the stock market. Here’s what it takes to open a Tanzanian brokerage account.

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