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Billionaires.Africa presents its ranking of the wealthiest Tanzanian investors on the Dar es Salaam Stock Exchange (DSE). The data used for this analysis is sourced from our data provider, S&P Global Market Intelligence, as well as publicly available documents and disclosures. The valuation of their shares is determined by the prices recorded at the close of trading on June 26, with the valuations converted to U.S. dollars at the prevailing exchange rates.
It is important to note that Billionaires.Africa focuses on individual ownership rather than multi-generational family fortunes. In cases where the breakdown of ownership among siblings or couples is unclear, we attribute the fortune to the most prominent and visible member of the family.
Here are the 10 individuals who hold the highest stock ownership positions on the Dar es Salaam Stock Exchange.
1. Patrick Schegg
Net worth on the DSE: $23.5 million
Holdings: NMB Bank PLC, CRDB Bank PLC
Patrick Schegg, a former Hedge fund manager, owns the most valuable portfolio on the Dar es Salaam Stock Exchange. He holds a 1.94-percent stake in commercial bank CRDB and a 0.99-percent stake in NMB Bank. His shares in both banks are worth $23.5 million.
2. Aunali Rajabali
Net worth on the DSE: $23.4 million
Holdings: NMB Bank PLC
The Tanzanian tycoon founded Plasco Tanzania, a manufacturer of HDPE and UPVC pipes and fittings. Aunali and his brother, Sajjad Rajabali, own a 3.1-percent stake in NMB Bank.
3. Sajjad Rajabali
Net worth on the DSE: $23.4 million
Holdings: NMB Bank PLC
Sajjad Rajabali, like his brother Aunali, owns a 3.11-percent stake in NMB Bank PLC.
4. Hans Macha
Net worth on the DSE: $6.4 million
Holdings: CRDB Bank
Hans Aingaya Macha, a Tanzanian entrepreneur in the hospitality sector, is one of the largest shareholders of CRDB Bank PLC. His 1.25-percent stake is worth $6.4 million.
5. Ernest Massawe
Net worth on the DSE: $5.3 million
Holdings: TOL Gases Limited
Ernest Massawe is the founder and former managing partner of what is now EY Tanzania and former chairman of the Tanzania Association of Accountants. He owns a 32.49-percent stake in TOL Gases Limited. His stake is worth $5.3 million.
6. Murtaza Nasser
Net worth on the DSE: $2.7 million
Holdings: Tanzania Portland Cement
Murtaza Nasser owns 0.9 percent of Tanzania Portland Cement. His shareholding has a current value of $2.7 million.
7. Sayed Kadri
Net worth on the DSE: $2.1 million
Holdings: Tanzania Portland Cement, Swissport Tanzania, Tanzania Cigarette Public Limited
Tanzanian entrepreneur Sayed Kadri has a stock portfolio on the Dar es Salaam bourse that includes 0.59 percent of Tanzania Portland Cement, 0.5 percent of Swissport Tanzania, and 0.004 percent of Tanzania Cigarette Public Limited.
8. Said Bakhresa
Net worth on the DSE: $1.5 million
Holdings: Tanzania Portland Cement
Bakhresa, one of Tanzania’s wealthiest men, owns a 0.51-percent stake in Tanzania Portland Cement worth $ 1.5 million.
9. Arnold B.S Kilewo
Net worth on the DSE: $1.1-million
Holdings: 5.68 percent of TOL Gases, 0.013 percent in Tanzania Breweries
10. Harold Temu
Net worth on the DSE: $$720,000
Holdings: TOL Gases
