Since its launch in 2013, the Enterprise Growth Market (EGM) segment of the Dar es Salaam Stock Exchange (DSE) has attracted some companies that previously could not plan or strategise to access public money via selling of shares.
Admittedly, though, the EGM — since its inception has been struggling with the perception challenges: illiquidity, operational underperformance by EGM listed companies, investors expectations and for some, minimal capacity by these SMEs to pursue clear business models, have led to enduring challenges.
However, for the market that has just cerebrated its third anniversary — with five listing already, attracting 250,000 new investors, capital raising of Sh50 billion, and current market capitalisation of Sh121 billion — there is hope for wide acceptance of the platform by the business community in the days ahead. Read more. Source | The Citizen