By Business Insider Reporter
In a landmark move to advance its digital transformation agenda and support Tanzania’s vision of a less-cash economy, NMB Bank Plc has launched a groundbreaking mobile stock trading platform in partnership with the Dar es Salaam Stock Exchange (DSE).
The newly integrated solution – dubbed Hisa Kiganjani – is embedded within the NMB Mkononi App and aims to democratize access to the capital markets, increase retail participation, and boost national financial inclusion.
Unveiled in Dar es Salaam last week, the platform enables users to buy and sell shares of all DSE-listed companies directly from their smartphones, offering real-time trading capabilities, live market data, and robust security – all in a single, user-friendly interface.
Speaking at the launch event, NMB Bank Chief Executive Officer, Ruth Zaipuna, hailed the platform as a “game-changer” in the bank’s digital journey and a crucial step toward modernizing Tanzania’s financial ecosystem.
“This innovation is a significant milestone in our ongoing digital transformation strategy. It offers a smarter, faster, and more accessible way for both seasoned and first-time investors to participate in the stock market,” Ms. Zaipuna said.
She emphasised that the platform reflects NMB’s deep commitment to promoting financial inclusion by making investment opportunities more accessible to everyday Tanzanians – particularly youth and low-income earners – without the need to rely on traditional brokerage services.
“Our goal is to simplify capital market participation and equip Tanzanians with the tools and knowledge they need to build wealth through stock ownership,” Ms. Zaipuna added. “We will continue to invest in technology and financial literacy programmes to empower more people to join the formal financial sector.”
DSE CEO, Peter Nalitolela, praised the initiative, noting that it aligns with efforts to modernize the bourse and attract broader investor participation.
“This platform revolutionizes trading at the DSE by allowing millions of Tanzanians to participate in stock trading anytime, anywhere – eliminating traditional barriers such as physical presence and high entry costs,” he said.
“It’s particularly empowering for young people who can now start investing with small amounts and grow their portfolios over time.”
Minister for Planning and Investment, Prof Kitila Mkumbo, who officiated the launch, lauded the platform’s potential to increase market efficiency and transparency, and described it as a critical tool in reshaping national attitudes toward savings and investment.
“This innovation is a catalyst for transforming Tanzania into a more investment-oriented society. Our biggest challenge now is changing mindsets and encouraging more citizens to embrace stock market opportunities,” Prof Mkumbo said.
He also revealed that plans are underway for more government institutions to be listed on the DSE starting next year, which will enhance public sector accountability and expand investment options for Tanzanians. The launch of Hisa Kiganjani marks a major stride toward building an inclusive and digitally empowered economy – reinforcing NMB Bank’s role as a leader in fintech innovation and economic development.
