NMB Bank Partners with DSE to Offer Stock Trading on Phones

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NMB Bank Plc has partnered with the Dar es Salaam Stock Exchange (DSE) to introduce mobile-based stock trading through its digital banking platform, NMB Mkononi.

The initiative allows NMB Bank Tanzania customers to buy and sell shares directly from their phones, marking a major shift in how retail investors access the country’s capital markets.

The mobile stock trading feature, now live within the NMB Mkononi app, enables users to execute real-time trades for all companies listed on the DSE. The feature also includes tools for market trend analysis, portfolio monitoring, and investment tracking.

This launch aligns with NMB Bank’s push to expand its digital ecosystem, enhance NMB Internet Banking capabilities, and support financial inclusion across Tanzania.

NMB Bank Plc, one of Tanzania’s largest lenders with more than 4 million customers, is listed on the DSE. Its ownership includes Arise B.V. (34.9%) and the Government of Tanzania (31.8%). The DSE, as Tanzania’s main stock exchange, plays a central role in capital formation and securities trading.

According to NMB, the new NMB Mkononi stock trading platform reduces transaction costs, eliminates the need for third-party brokers, and offers a simplified entry point for first-time investors. The system links directly with customers’ NMB Bank accounts for seamless payments and settlements.

Core Features of the NMB Mkononi App:

Real-time Trading: Users can buy and sell DSE-listed shares directly on their mobile phones.
Live Market Data: Investors access current share prices and market performance analytics.
Portfolio Management: Customers can view their investment performance and transaction history on demand.

The platform is expected to benefit individual retail investors, SMEs, and microbusinesses—groups that have traditionally been excluded from stock trading due to high fees, paperwork, or limited access to brokerage services.

This launch comes shortly after NMB Bank Tanzania rolled out the NMB Business Debit Traders card with Mastercard in June 2025, targeting small business owners with enhanced financial tools.

The addition of mobile stock trading builds on that momentum, offering a full range of investment and transaction services via digital channels.

Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.