Date » Monday 22nd January, 2018 Prices (TZS) ACA » 5,860 CRDB » 175 DCB » 380 DSE » 1,340 EABL » 5,180 JHL » 10,920 KA » 350 KCB » 940 MBP » 600 MCB » 500 MKCB » 840 MUCOBA » 400 NMB » 2,750 NMG » 2,490 PAL » 470 SWALA » 500 SWISSPORT » 3,500 TBL » 14,000 TCC » 16,800 TCCL » 1,200 TOL » 780 TPCC » 1,520 TTP » 600 USL » 90 VODA » 850 YETU » 600
Board of Directors

The TSL management and organizational structure is set up to ensure a sound and efficient management of our strategies and operations. Our team comprise of professional staff who have in-depth experience in corporate finance advisory.

The management team also works in consultation with TSL's directors who have extensive experience in corporate finance advisory and management consulting.


Mr. Ernest S. Massawe

Mr Massawe is Certified Accountant (ACCA, UK) and holds a Bachelors of Commerce from the then University of East Africa - Nairobi. He is the founder as well as the former Chairman and Managing Partner of what is now the Ernst and Young Tanzania practice after having led the firm for 30 years until his retirement on 31st December 2010. Mr.Massawe is widely respected within the professional and business community in Tanzania. This is evidenced by his many high profile appointments in the Accountancy profession, Financial services, Mining, and Capital Markets sectors. As a professional accountant and the country leader for Ernst & Young Tanzania, Mr.Massawe was extensively involved in providing financial consulting and business advisory services both in the public and private sectors in Tanzania. Mr.Massawe has played a leading role in the development of the Capital Market and the Accountancy profession in Tanzania; he was the founder and chairman of the Tanzania Association of Accountants, Board Member of the National Board of Accountants and Auditors, and, the first chairman of the Dar es Salaam Stock Exchange and the Tanzania Chamber of Mines. He has also served on the Banking and Financial Sector Reform Committee, The Value Added Consultative Board, the USAID sponsored Tanzania Business Centre Advisory Board and the Ministry of Finance’s Think Tank on Tax

Reform and Fiscal Policy. As an entrepreneur, Mr.Massawe has interests in micro-finance, banking, insurance brokerage, real estate development, and stock brokerage.

Mr. Erasmus M. Mallya

Mr.Mallya holds qualifications in Insurance from the college of Insurance Bombay, College of Insurance, New York and from California State University, San Bernardino. He is currently the Managing Director of Busara Insurance Brokers Ltd and was for a period of time attached to stockbroking firms in Nairobi, Kenya. The Stockbrokers included, Francis Drummond and Co., Dyer and Blair and Crossfield Securities Limited. He is a former Insurance Manager of State Trading Corporation and Tanzania Elimu Supplies Limited.

Mr. Justin Massawe

Justin holds a B.A (Hons) Finance degree from University of Central England, Birmingham UK, and Msc. (Finance) from the University of Strathclycle, Glasgow, UK. He is also a certified treasury dealer holding a ACI Dealing Certificate. For three years prior to joining Tanzania Securities in 2007, Justin was a Senior Dealer in Foreign Exchange and Money Market Instruments at the National Bank of Commerce (NBC). Justin has a significant corporate finance and banking sector experience in Tanzania.