Tanzania: DSE Up As Foreign Investors Snap Up Tanzania Breweries Shares

Foreign investors made a comeback at the equity market on Tuesday this week after injecting Sh1.2 billion in shares for Tanzania Breweries Limited (TBL). The beer maker transacted 153,169 shares at a pre-arranged market board at Sh8,000 per share in three deals, market data show. This largely contributed to the rise of the bourse’s total turnover, which reached Sh1.23 billion on Tuesday from 231,068 shares that were traded in 12 deals. This was higher than the Sh5.56 million that was registered during the previous day. Foreign purchase contributed 99.21 percent…

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