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Peter Situmbeko Nalitolela’s selection was notified by the chairperson of the DSE board of directors, Dr Ellinami Minja on the website of the organization.
The board of directors of the Dar es Salaam Stock Exchange PLC has appointed Peter Situmbeko Nalitolela as the new chief executive officer, effective August 1, 2024. He succeeds Moremi Marwa, who held the position for nine years.
Marwa’s tenure concluded in 2022, and since then, Mary Mniwasa has been serving as the acting CEO.The appointment was approved during the 30th Extraordinary Meeting held on June 24, 2024, the board said in a statement on July 25, 2024. Nalitolela brings a wealth of experience and expertise from large public and private sector organisations. Most recently he has been serving as director and Head of Treasury and Financial Markets at the National Bank of Commerce (NBC).
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His selection was notified by the chairperson of the DSE board of directors, Dr Ellinami Minja on the website of the organization. At NBC, where he served for six years, Mr Nalitolela managed funding risk, market risk, and the sales and trading business.
Vodacom Tanzania recorded a profit of Sh15.8 billion in the three months to June 30, 2024, as service revenue grew by 20% amid expanding mobile money services. According to the company’s latest financial statement, the net profit reached Sh15.8 billion compared to a loss of Sh7 billion in the same period last year. Vodacom’s financial year ends on March 31.
The company highlighted that its quarterly success reflected effective strategy execution, resulting in revenue growth and delivered cost savings of Sh13.5 billion.
