Wazua
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Tanzania Money Market
Rank: New-farer Joined: 11/2/2014 Posts: 38
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Liv wrote:Felipe wrote:Liv wrote:Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
DSE does carter for foreign investors esp after the 60% cap for foreign ownership was lifted in 2014. The usual documentation to identify you will be needed at the broker’s office for you to open an account. Steps: 1. Complete the CDS Account Opening Form 2. Complete the Broker’s Account Opening Form 3. Photocopy your passport or ID (in this case, Kenyan) Step 1,2 and 3 can be done via email with the your stockbroker. Once they confirm your CDS account is opened. You can wire funds to your Brokerage Account. Using the slip as evidence, attach the same and submit a trade order. I'm both a client and investor of CRDB. My stockbroker holds an account with them, so processing of my dividends etc takes a day unlike Equity TZ which takes 5 days. CRDB is a stable bank. It's comparable to Equity Bank in Kenya. You need to open a Tz Bank Thanks. Do you need to be introduced to open a bank account at CRDB? No need for introductions. Once in Tz, walk into any CRDB/Equity bank and open an account. I'm not sure, if they already opened a diaspora branch in Kenya. Also, you may visit Equity/KCB banks in Kenya and inquire if at all they can open for you a Tz account. TA = Price Action + Vol + S/R + Trend + Pattern.
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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Felipe wrote:Liv wrote:Felipe wrote:Liv wrote:Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
DSE does carter for foreign investors esp after the 60% cap for foreign ownership was lifted in 2014. The usual documentation to identify you will be needed at the broker’s office for you to open an account. Steps: 1. Complete the CDS Account Opening Form 2. Complete the Broker’s Account Opening Form 3. Photocopy your passport or ID (in this case, Kenyan) Step 1,2 and 3 can be done via email with the your stockbroker. Once they confirm your CDS account is opened. You can wire funds to your Brokerage Account. Using the slip as evidence, attach the same and submit a trade order. I'm both a client and investor of CRDB. My stockbroker holds an account with them, so processing of my dividends etc takes a day unlike Equity TZ which takes 5 days. CRDB is a stable bank. It's comparable to Equity Bank in Kenya. You need to open a Tz Bank Thanks. Do you need to be introduced to open a bank account at CRDB? No need for introductions. Once in Tz, walk into any CRDB/Equity bank and open an account. I'm not sure, if they already opened a diaspora branch in Kenya. Also, you may visit Equity/KCB banks in Kenya and inquire if at all they can open for you a Tz account. Impossible, they dont work that way!! Not as easy as you are trying to put it, it took me good 6 months to be able to open an Equity Bank account!! Enjoy every moment of your life, you never know when your time will come.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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UpcomingPaperChaser wrote:Felipe wrote:Liv wrote:Felipe wrote:Liv wrote:Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
DSE does carter for foreign investors esp after the 60% cap for foreign ownership was lifted in 2014. The usual documentation to identify you will be needed at the broker’s office for you to open an account. Steps: 1. Complete the CDS Account Opening Form 2. Complete the Broker’s Account Opening Form 3. Photocopy your passport or ID (in this case, Kenyan) Step 1,2 and 3 can be done via email with the your stockbroker. Once they confirm your CDS account is opened. You can wire funds to your Brokerage Account. Using the slip as evidence, attach the same and submit a trade order. I'm both a client and investor of CRDB. My stockbroker holds an account with them, so processing of my dividends etc takes a day unlike Equity TZ which takes 5 days. CRDB is a stable bank. It's comparable to Equity Bank in Kenya. You need to open a Tz Bank Thanks. Do you need to be introduced to open a bank account at CRDB? No need for introductions. Once in Tz, walk into any CRDB/Equity bank and open an account. I'm not sure, if they already opened a diaspora branch in Kenya. Also, you may visit Equity/KCB banks in Kenya and inquire if at all they can open for you a Tz account. Impossible, they dont work that way!! Not as easy as you are trying to put it, it took me good 6 months to be able to open an Equity Bank account!! Why? kwani ni mbuzi ugonjee izaee ndio urudi to open an account?
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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enyands wrote:UpcomingPaperChaser wrote:Felipe wrote:Liv wrote:Felipe wrote:Liv wrote:Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
DSE does carter for foreign investors esp after the 60% cap for foreign ownership was lifted in 2014. The usual documentation to identify you will be needed at the broker’s office for you to open an account. Steps: 1. Complete the CDS Account Opening Form 2. Complete the Broker’s Account Opening Form 3. Photocopy your passport or ID (in this case, Kenyan) Step 1,2 and 3 can be done via email with the your stockbroker. Once they confirm your CDS account is opened. You can wire funds to your Brokerage Account. Using the slip as evidence, attach the same and submit a trade order. I'm both a client and investor of CRDB. My stockbroker holds an account with them, so processing of my dividends etc takes a day unlike Equity TZ which takes 5 days. CRDB is a stable bank. It's comparable to Equity Bank in Kenya. You need to open a Tz Bank Thanks. Do you need to be introduced to open a bank account at CRDB? No need for introductions. Once in Tz, walk into any CRDB/Equity bank and open an account. I'm not sure, if they already opened a diaspora branch in Kenya. Also, you may visit Equity/KCB banks in Kenya and inquire if at all they can open for you a Tz account. Impossible, they dont work that way!! Not as easy as you are trying to put it, it took me good 6 months to be able to open an Equity Bank account!! Why? kwani ni mbuzi ugonjee izaee ndio urudi to open an account?  He was busy landing old women he forgot to make follow up on account opening If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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It's easy to open an account in Tz if you have necessary documents. It took me less than an hour at NBC. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Member Joined: 4/21/2015 Posts: 151
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Swenani wrote:enyands wrote:UpcomingPaperChaser wrote:Felipe wrote:Liv wrote:Felipe wrote:Liv wrote:Felipe wrote:Lolest! wrote:Liv wrote:UpcomingPaperChaser wrote:Dont invest in Tanzania, they will find ways of ensuring that you loose everything because of the suspicions towards Kenyans. For instance, if you want to open a bank account where the money will be transfered from, you must have a valid passport and a work permit, which could cost about 2,000 Dollars!!
They have very skewed rules and regulations i tell you,
Are you talking from experience or from what you've heard?
You have examples of instances where investors from Kenya were mistreated and lost money? The guy works in Tz From DSE, I hold CRDB, Swissport and lately DSE. I held these shares since 2013. The bank of choice is CRDB and lately Equity TZ. The stockbroker is Orbit Securities. I have never lost my money. Unlike NSE which operates with nominee accounts, DSE still issues share certificates. After a successful, IPO, DSE will in due time upgrade their systems. TCX (Tanzania Commodity Exchange) will from Sept, 2016 be in operation.
@Felipe, thanks for this.... Good information.
As a Kenyan what identification documents does the DSE require from you? Do they allow foreigners to just buy any shares without limitations? I am aware there are many limitations with regard to land.
You said the bank of choice is CRDB..... Do you mean as a customer or shareholder? Why do you recommend them?
DSE does carter for foreign investors esp after the 60% cap for foreign ownership was lifted in 2014. The usual documentation to identify you will be needed at the broker’s office for you to open an account. Steps: 1. Complete the CDS Account Opening Form 2. Complete the Broker’s Account Opening Form 3. Photocopy your passport or ID (in this case, Kenyan) Step 1,2 and 3 can be done via email with the your stockbroker. Once they confirm your CDS account is opened. You can wire funds to your Brokerage Account. Using the slip as evidence, attach the same and submit a trade order. I'm both a client and investor of CRDB. My stockbroker holds an account with them, so processing of my dividends etc takes a day unlike Equity TZ which takes 5 days. CRDB is a stable bank. It's comparable to Equity Bank in Kenya. You need to open a Tz Bank Thanks. Do you need to be introduced to open a bank account at CRDB? No need for introductions. Once in Tz, walk into any CRDB/Equity bank and open an account. I'm not sure, if they already opened a diaspora branch in Kenya. Also, you may visit Equity/KCB banks in Kenya and inquire if at all they can open for you a Tz account. Impossible, they dont work that way!! Not as easy as you are trying to put it, it took me good 6 months to be able to open an Equity Bank account!! Why? kwani ni mbuzi ugonjee izaee ndio urudi to open an account? He was busy landing old women he forgot to make follow up on account opening
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Rank: New-farer Joined: 10/3/2010 Posts: 35
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kaka2za wrote:It's easy to open an account in Tz if you have necessary documents. It took me less than an hour at NBC. I dont know which TZ you guys are reffering to.I worked for an NGO in Arusha till last month.I had all the relevant documents,but still I had to give up after trying to open an account for 2 months at standard chartered and KCB.Eventually I ended up using my KCB Kenya account for my transactions. Emancipate yourselves from mental slavery
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Some one asks about the Tanzanian Money Market, specifically, Govt Paper and everyone starts talking about shares on DSE.
Wazua has changed!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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And I will divert. What is the minimum trading no of shares at the DSE? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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What is wrong with this nation and its anti-Kenya policies? LINKDumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Fyatu wrote:What is wrong with this nation and its anti-Kenya policies? LINK anti kenya or anti foreigner, its only tazanians that are allowed to take part.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sitaki.kujulikana wrote:Fyatu wrote:What is wrong with this nation and its anti-Kenya policies? LINK anti kenya or anti foreigner, its only tazanians that are allowed to take part. The public listing is to promote local investment for Tanzanians. Nothing wrong with that!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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