Dar es Salaam. The market value of the domestic firms listed on the Dar es Salaam Stock Exchange (DSE) increased by Sh121 billion last week, thanks to a significant price increase on three domestic counters.
The bourse’s total domestic market capitalisation improved to Sh10.843 trillion last week from Sh10.722 trillion previously, according to analysis by a brokerage firm Vertex International Securities Ltd.
Swissport stock price went up by 12.7 percent to close at Sh1,420 per share, followed by Tanga Cement Company Limited (TCCL) which gained by 6.78 percent to Sh1,260 while CRDB Bank Plc gained by 3.3 percent to Sh470.
“There were no losing domestic counters this week,” Vertex analyses.
Vertex’s capital markets manager Mr Ahmed Nganya said; “We forecast a positive performance next week as we expect this week’s positive price momentum to continue and therefore provide a boost for both volume and turnover.”
The market weekly turnover dropped by 48.5 percent to Sh675.29 million last week from Sh1.31 billion that was recorded in the previous week.
CRDB accounted for 53.32 percent of the total market turnover followed by NMB with 21.7 percent and TCCL with 11.75 percent.
At the end of the trading session on Friday, the Tanzania Shares Index (TSI) which tracks the performance of the local firms, was up by 1.13 percent to close at 4, 102.15 points.
The total market capitalization was up by 2.15 percent to close at Sh15.77 trillion.
In the secondary bond market, the bourse recorded 25 deals from both treasury and corporate bonds with a total turnover of Sh46.36 billion.
The 25-year Treasury bond recorded an average yield of 12.91 percent with an average price of 99.43 percent, followed by the 20-year Treasury bonds with an average yield of 13.45 percent and price of 114.77 percent.
The 15-year Treasury bond recorded an average yield of 10.92 percent and the average cost of 118.59 percent while the 7-year Treasury bond recorded an average yield of 7.98 percent and the average price of 105.67 percent.
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Tanzania Confirms Second Marburg Outbreak After WHO Chief Visit
Dar es Salaam — Tanzania’s President Samia Suluhu Hassan has declared an outbreak of Marburg virus, confirming a single case in the northwestern region of Kagera after a meeting with WHO director-general Tedros Adhanom Ghebreyesus.
The confirmation follows days of speculation about a possible outbreak in the region, after the WHO reported a number of deaths suspected to be linked to the highly infectious disease.
While Tanzania’s Ministry of Health declared last week that all suspected cases had tested negative for Marburg, the WHO called for additional testing at international reference laboratories.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”Amelia Clemence, public health researcher
Subsequent laboratory tests conducted at Kagera’s Kabaile Mobile Laboratory and confirmed in Dar es Salaam identified one positive case, while 25 other suspected cases tested negative, the president told a press conference in Dodoma, in the east of the country today (Monday).
“The epicentre has now shifted to Biharamulo district of Kagera,” she told the press conference, distinguishing this outbreak from the previous one centred in Bukoba district.
Tedros said the WHO would release US$3 million from its emergencies contingency fund to support efforts to contain the outbreak.
Health authorities stepped up surveillance and deployed emergency response teams after the WHO raised the alarm about nine suspected cases in the region, including eight deaths.
The suspected cases displayed symptoms consistent with Marburg infection, including headache, high fever, diarrhoea, and haemorrhagic complications, according to the WHO’s alert to member countries on 14 January. The organisation noted a case fatality rate of 89 per cent among the suspected cases.
“We appreciate the swift attention accorded by the WHO,” Hassan said.
She said her administration immediately investigated the WHO’s alert.
“The government took several measures, including the investigation of suspected individuals and the deployment of emergency response teams,” she added.
Cross-border transmission
The emergence of this case in a region that experienced Tanzania’s first-ever Marburg outbreak in March 2023 has raised concerns about cross-border transmission, particularly following Rwanda’s recent outbreak that infected 66 people and killed 15 before being declared over in December 2024.
The situation is particularly critical given Kagera’s position as a transport hub connecting four East African nations.
Amelia Clemence, a public health researcher working in the region, says constant vigilance is required.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”
The Kagera region’s ecosystem, home to fruit bats that serve as natural reservoirs for the Marburg virus, adds another layer of complexity to disease surveillance efforts.
The virus, closely related to Ebola, spreads through contact with bodily fluids and can cause severe haemorrhagic fever.
Transparency urged
Elizabeth Sanga, shadow minister of health for Tanzania’s ACT Wazalendo opposition party, says greater transparency would help guide public health measures.
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“This could have helped to guide those who are traveling to the affected region to be more vigilant and prevent the risk of further spread,” she said.
WHO regional director for Africa Matshidiso Moeti says early notification of investigation outcomes is important.
“We stand ready to support the government in its efforts to investigate and ensure that measures are in place for an effective and rapid response,” she said, noting that existing national capacities built from previous health emergencies could be quickly mobilised.
The situation coincides with leadership changes in Tanzania’s Ministry of Health, with both the chief medical officer and permanent secretary being replaced.
This piece was produced by SciDev.Net’s Sub-Saharan Africa English desk.
Source: allafrica.com
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