DAR ES SALAAM, Aug. 19 -- TANZANIA led African equity markets last week as banking shares surged, underscoring investors appetite for mid-tier financial stocks across the region, the African Market website said.
The Dar es Salaam Stock Exchange All Share Index gained 4.0 per cent, driven by sharp advances in Mkombozi Bank, which jumped 37.0 per cent, DCB Bank (+32.3 per cent) and CRDB Bank (+19.6 per cent).
“The strength in Tanzanian banks reflects growing investor conviction that sector reforms and balance sheet resilience can deliver above-average returns,” the African Market website said. Rwanda also delivered standout gains, with the Rwanda Stock Exchange (RSE) All Share Index soaring 13.2 per cent as KCB Group rocketed ...
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