7 richest Tanzanians on the Dar es Salaam Stock Exchange

Billionaires.Africa has revealed its rankings of the wealthiest Tanzanian investors on the Dar es Salaam Stock Exchange (DSE), drawing upon data sourced from S&P Global Market Intelligence and supplemented by information from publicly available documents and disclosures.

The valuation of their shares is grounded in closing prices as of Nov. 10, with resulting values converted to U.S. dollars utilizing prevailing exchange rates.

It is imperative to underscore that Billionaires.Africa places a particular emphasis on individual ownership, prioritizing this criterion over multi-generational family wealth. In cases where ownership breakdowns among siblings or family members lack clarity, the fortune is attributed to the family’s most prominent and visible member.

Presented below are the seven individuals who possess the highest stock ownership positions on the Dar es Salaam Stock Exchange:

1. Patrick Schegg
   – Portfolio value on the DSE: $18.7 million
   – Holdings: NMB Bank PLC, CRDB Bank Plc
   – Patrick Schegg, a seasoned former hedge fund manager, commands the most formidable portfolio on the Dar es Salaam Stock Exchange. With a discerning eye, he holds a significant 1.94-percent stake in CRDB Bank and a strategic 0.99-percent stake in NMB Bank, culminating in a remarkable portfolio value of $18.7 million.
   
2. Hans Macha
   – Portfolio value on the DSE: $9.1 million          
   – Holdings: CRDB Bank
   – Hans Aingaya Macha, a dynamic force in Tanzania’s hospitality sector, emerges as one of CRDB Bank’s largest shareholders. His entrepreneurial acumen is evident in his substantial 1.9 percent stake, valuing his holdings at an impressive $9.1 million.
   
3. Ernest Massawe
   – Portfolio value on the DSE: $5.14 million
   – Holdings: TOL Gases Limited
   – Ernest Massawe, the founding figure and former managing partner of EY Tanzania, along with his role as the ex-chairman of the Tanzania Association of Accountants, commands a noteworthy 32.49-percent stake in TOL Gases Limited. The present valuation of his stake stands at $5.14 million.
   
4. Murtaza Nasser
   – Portfolio value on the DSE: $2.7 million
   – Holdings: Tanzania Portland Cement
   – Murtaza Nasser strategically owns a substantial 0.9-percent stake in Tanzania Portland Cement, positioning his shareholding at an impressive $2.7 million.
   
5. Sayed Kadri
   – Portfolio value on the DSE: $1.9 million
   – Holdings: Tanzania Portland Cement, Swissport Tanzania, Tanzania Cigarette Public Limited
   – Tanzanian entrepreneur Sayed Kadri proudly presents a diversified stock portfolio on the Dar es Salaam bourse, encompassing 0.59 percent of Tanzania Portland Cement, 0.5 percent of Swissport Tanzania, and 0.004 percent of Tanzania Cigarette Public Limited, with a combined valuation of $1.9 million.
   
6. Said Bakhresa
   – Portfolio value on the DSE: $1.54 million
   – Holdings: Tanzania Portland Cement
   – Said Bakhresa, a luminary among Tanzania’s wealthiest individuals, possesses a 0.51-percent stake in Tanzania Portland Cement, valued at $1.54 million.
   
7. Arnold B.S Kilewo
   – Portfolio value on the DSE: $1.06 million
   – Holdings: 5.68 percent of TOL Gases, 0.013 percent in Tanzania Breweries
   – Arnold B.S Kilewo strategically maintains a 5.68-percent stake in TOL Gases and a calculated 0.013 percent in Tanzania Breweries, culminating in a noteworthy portfolio value of $1.06 million.