How TCB has simplified stock trading through its mobile app

Dar es Salaam. Tanzania Commercial Bank (TCB) has integrated its Popote mobile banking app with the Dar es Salaam Stock Exchange (DSE) trading platform in an effort to simplify the stock trading process.

This move allows TCB customers to access real-time market data, execute trades, and manage investment portfolios directly from their mobile devices.

The seamless integration means that customers can now engage in stock trading without needing to visit trading desks, making it easier to participate in the stock market from any location, whether at home, at work, or on the move.

“By integrating with the DSE trading platform, we’re not just simplifying the trading process, but also enhancing our digital footprint. This initiative reflects our commitment to providing secure, convenient, and innovative banking solutions,” TCB CEO Adam Mihayo said during the launch of the initiative at the weekend.

Mr Mihayo said the app was helping users diversify their portfolios and contribute to the nation’s economic growth. “This is a leap forward in empowering our customers to secure their financial future easily, combining traditional banking with modern investment opportunities.”

Gracing the event, Treasury Registrar Nehemiah Mchechu directed the DSE, CMSA and TCB to ensure that Tanzanians understand the significance of investing in stocks.

“We must encourage more Tanzanians to participate in capital market investments. This will expand investment opportunities, particularly for those who lack the means to start their own business,” Mr Mchechu said.

He said the shift could also provide an alternative source of capital for businesses, reducing the reliance on loans, which often result in debt burdens. The government, he said, was working on plans to increase the number of institutions listed on the stock exchange.

CMSA CEO Nicodemus Mkama said the new service would help reach citizens in areas where stock market services are limited, bringing investment opportunities to a wider audience.

“Many companies providing stock services are based in major cities like Dar es Salaam. With this collaboration, we’ll be able to reach people in other regions and enable them to participate in investments,” he said.

DSE CEO Peter Nalitolela said the stock market would continue to create an environment conducive to broader participation, ultimately strengthening Tanzania’s investment landscape.

The government’s push for broader participation in capital markets aligns with its goal to diversify investment opportunities and promote economic growth.