The 10 richest Tanzanians on the Dar es Salaam Stock Exchange

Patrick Schegg a former Hedge fund manager, owns the most valuable portfolio on the Dar es Salaam Stock Exchange (DSE) with his net worth valued at $23.5 million according to latest ranking of the wealthiest Tanzanian investors on the DSE done by Billionaires.Africa

The data used for this analysis is sourced from our data provider, S&P Global Market Intelligence, as well as publicly available documents and disclosures.

 The valuation of their shares is determined by the prices recorded at the close of trading on June 26, with the valuations converted to U.S. dollars at the prevailing exchange rates.

It is important to note that Billionaires.Africa focuses on individual ownership rather than multi-generational family fortunes. In cases where the breakdown of ownership among siblings or couples is unclear, we attribute the fortune to the most prominent and visible member of the family.

Here are the 10 individuals who currently hold the highest stock ownership positions on the DSE.

1. Patrick Schegg

Net worth on the DSE: $23.5-million

Holdings: NMB Bank PLC, CRDB Bank PLC

Patrick Schegg, a former Hedge fund manager, owns the most valuable portfolio on the Dar es Salaam Stock Exchange. He holds a 1.94-percent stake in commercial bank CRDB and a 0.99-percent stake in NMB Bank. His shares in both banks are worth $ 23.5 million.

2. Aunali Rajabali

Net worth on the DSE: $23.4-million

Holdings: NMB Bank PLC

The Tanzanian tycoon founded Plasco Tanzania, a manufacturer of HDPE and UPVC pipes and fittings. Aunali and his brother, Sajjad Rajabali, own a 3.1-percent stake in NMB Bank.

3. Sajjad Rajabali

Net worth on the DSE: $23.4-million

Holdings: NMB Bank PLC

Sajjad Rajabali, like his brother Aunali, owns a 3.11 percent stake in NMB Bank PLC.

4. Hans Macha

Net worth on the DSE: $6.4-million          

Holdings: CRDB Bank

Hans Aingaya Macha, a Tanzanian entrepreneur in the hospitality sector, is one of the largest shareholders of CRDB Bank PLC. His 1.25-percent stake is worth $6.4-million.

5. Ernest Massawe

Net worth on the DSE: $5.3-million

Holdings: TOL Gases Limited

Ernest Massawe is the founder and former managing partner of what is now EY Tanzania and former chairman of the Tanzania Association of Accountants. He owns a 32.49-percent stake in TOL Gases Limited. His stake is worth $ 5.3 million.

6. Murtaza Nasser

Net worth on the DSE: $2.7-million

Holdings: Tanzania Portland Cement

Murtaza Nasser owns 0.9% of Tanzania Portland Cement. His shareholding has a current value of $ 2.7 million.

7. Sayed Kadri

Net worth on the DSE: $2.1-million

Holdings: Tanzania Portland Cement, Swissport Tanzania, Tanzania Cigarette Public Limited

Tanzanian entrepreneur Sayed Kadri has a stock portfolio on the Dar es Salaam bourse that includes 0.59 percent of Tanzania Portland Cement, 0.5 percent of Swissport Tanzania, and 0.004 percent of Tanzania Cigarette Public Limited.

8. Said Bakhresa

Net worth on the DSE: $1.5-million

Holdings: Tanzania Portland Cement

Bakhresa, one of Tanzania’s wealthiest men, owns a 0.51% stake in Tanzania Portland Cement worth $ 1.5 million. 

9. Arnold B.S Kilewo

Net worth on the DSE: $1.1-million

Holdings: 5.68-percent of TOL Gases, 0.013-percent in Tanzania Breweries

10. Harold Temu

Net worth on the DSE: $$720,000

Holdings: TOL Gases

Source: Billionaires. Africa