SOLOMON Stockbrokers

What SOLOMON Stockbrokers does

SOLOMON Stockbrokers Ltd is a Tanzanian private stockbroker and Authorized Dealer of Government Securities, headquartered on Samora Avenue/Morogoro Road in Dar es Salaam. Founded in 1996 and operating with 51–100 employees, the firm is a licensed member of the Dar es Salaam Stock Exchange (DSE) and an authorized dealer for Treasury Bills and Treasury Bonds issued by the Bank of Tanzania. Its core activity is intermediating buy and sell orders for listed equities on the DSE, alongside distributing two collective investment schemes — UTT AMIS (Unit Trust of Tanzania) and the Watumishi-Faida Fund (a housing-focused unit trust managed by Watumishi Housing Investments).

The firm operates an integrated technology stack centered on an online trading platform (onlinetrading.dse.co.tz) that links clients directly to DSE matching, supplemented by a WhatsApp-based channel for diaspora investors and a proprietary market-reports publication covering equities, UTT, and government bonds. Complementary services include investment advisory, fund management, and CMSA-approved capital-markets education seminars. Distribution spans in-person service at the Dar es Salaam headquarters, the online trading platform, and WhatsApp-based diaspora outreach.

The revenue model is transaction-based: brokerage commissions on equity trades, spreads/fees on government securities dealership, and distribution-related fees on unit-trust products; pricing is not publicly disclosed. The customer base is segmented across individual investors, corporate investors, VICOBA/SACCOS community organizations, and the Tanzanian diaspora, reached through a mix of direct office service, digital channels, and educational programming. Marketing relies on social media (Twitter, Facebook, YouTube, Instagram), content marketing via the firm's website, and CMSA-endorsed seminars.

Name

SOLOMON Stockbrokers

Legal name

SOLOMON Stockbrokers Ltd

Website

https://solomon.co.tz

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

SOLOMON Stockbrokers is a Tanzanian private stockbroker and authorized dealer of government securities, providing equity brokerage on the Dar es Salaam Stock Exchange, Treasury Bill and Bond intermediation, unit-trust distribution, and investment advisory services to retail, corporate, cooperative, and diaspora investors.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)

akta.pro primary industry

Equity Capital Introduction & Prime Services (FSACAFAK)

Keywords

• Stock brokerage
• Equities trading
• Government securities
• Investment advisory
• Capital markets

Headquarters

HQ city

Dar Es Salaam

HQ country

Tanzania

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Distribution channels3 records

Marketing channels4 records

Core offering

SOLOMON Stockbrokers is a licensed member of the Dar es Salaam Stock Exchange (DSE) and an authorized dealer of government securities, providing equities brokerage, facilitating investment in Treasury Bills and Treasury Bonds issued by the Bank of Tanzania, and distributing collective investment schemes such as UTT AMIS and the Watumishi-Faida Fund. Supporting services include investment advisory, fund management, an online trading platform linked to the DSE, and regular market reports covering equities, unit trusts, and government bonds.

Product overview

SOLOMON Stockbrokers Ltd is a Tanzanian stockbroker and authorized dealer of government securities, providing a comprehensive suite of investment products and services. The core offering centers on equities trading on the Dar es Salaam Stock Exchange and government securities (Treasury Bills and Bonds). The company also distributes collective investment schemes including UTT AMIS and the Watumishi – Faida Fund. Supporting services include investment advisory, fund management, an online trading platform, and market intelligence reports. The product portfolio is organized around facilitating buy/sell transactions for listed securities, distributing government debt instruments, and providing professional investment guidance to retail and institutional clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Equities Trading Brokerage service linking buyers and sellers of listed equities on the Dar es Salaam Stock Exchange (DSE), offered to investors in Tanzania.
• Government Securities Facilitates investment in Treasury Bills (offered at two-week intervals) and Treasury Bonds of various maturities issued by the Bank of Tanzania, available to retail and institutional investors.
• UTT AMIS (Unit Trust of Tanzania) A unit trust scheme established under the Trustee Incorporation Act (Cap 318), providing pooled investment opportunities to investors.
• Watumishi - Faida Fund A housing-focused investment fund providing affordable housing investment opportunities, distributed by SOLOMON Stockbrokers.
• Investment Advisory Services Professional advisory services that help investors make informed decisions on stocks, bonds, and other securities.
• Fund Management Services Professional portfolio management services offered to clients seeking outsourced management of their investment portfolios.
• Online Trading Platform Online trading platform enabling clients to execute trades on the Dar es Salaam Stock Exchange remotely, linked via onlinetrading.dse.co.tz.
• Market Reports Market intelligence reports covering equities, UTT unit values, and government bond coupon rates, maturities, and dividends.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Dar es Salaam Stock Exchange (DSE)coreStrategic or Co-development PartnerSOLOMON Stockbrokers is a licensed member of the Dar es Salaam Stock Exchange, providing stock brokerage and dealer services for investors trading on the DSE platform
• Bank of TanzaniacoreStrategic or Co-development PartnerAuthorized dealer of government securities, facilitating investment in Treasury Bills and Treasury Bonds issued by the Bank of Tanzania on behalf of the Government of Tanzania
• Capital Markets and Securities Authority (CMSA)coreStrategic or Co-development PartnerRegulatory oversight body for Tanzania's capital markets. All investment education programs and broker activities are approved by CMSA
• National Microfinance Bank Plc (NMB)minorChannel Partner/ Reseller/ DistributorNMB serves as the share registry provider for dividend payments to shareholders, facilitating the distribution of dividends declared by listed companies to their shareholders

Recent moves6 records

Expansion highlights5 records

Regional players

• Faida Investment Bank: Kenyan investment bank offering brokerage, advisory, and asset management — comparable in product architecture (broker + advisor + fund manager) to SOLOMON but operating primarily in Kenya rather than Tanzania.
• Dyer & Blair: Long-established Kenyan investment bank and stockbroker on the Nairobi Securities Exchange — comparable to SOLOMON in legacy brokerage, advisory, and government securities distribution, though serving the larger Kenyan market.
• Kingdom Securities (KCB Capital): Kenyan brokerage and investment advisory firm affiliated with KCB Group — comparable as a regionally diversified broker-dealer with equities, fixed-income, and advisory lines, though operating principally in the Kenyan capital market.
• ICEA Securities: East African securities and advisory firm offering brokerage, fund management, and investment advisory across Kenya and Uganda — comparable to SOLOMON in its bundled brokerage-plus-advisory model, though with broader East African footprint.

Broad incumbents

• African Alliance: Pan-African investment banking and securities firm with brokerage, advisory, and capital-markets capabilities across multiple African exchanges — a broader incumbent whose regional scale and product breadth contrast with SOLOMON's Tanzania-only focus.

Direct peers

• Tanzania Securities Limited: Dar es Salaam–based DSE member broker providing equities brokerage, fixed-income dealing, and investment advisory — competing head-to-head with SOLOMON for the same pool of Tanzanian retail and institutional investors.
• Orbit Securities: A licensed Tanzanian stockbroker and member of the Dar es Salaam Stock Exchange offering equities trading, investment advisory, and government securities services to retail and institutional clients — directly comparable in product mix, regulation, and customer segments to SOLOMON.
• Core Securities Limited: DSE-licensed Tanzanian broker-dealer providing equities trading and investment advisory services — a direct competitor to SOLOMON serving the same DSE-investor base with overlapping product offerings.
• Vertex International Securities: Tanzanian stockbroker and DSE member offering equity brokerage, government securities, and advisory services to domestic clients — operating the same regulated business model as SOLOMON within the same narrow market.

Others

• Unit Trust of Tanzania (UTT AMIS): Issuer of the UTT AMIS unit trust scheme that SOLOMON distributes — an ecosystem partner rather than competitor; included to flag SOLOMON's dependency on and alignment with the underlying fund manager.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/sstockbrokers
• YouTubeyoutube.com/channel/UC8vb5XHL8ZBr4gtKLdsoI_w/videos
• Facebookfacebook.com/SOLOMONstockbrokers
• Instagraminstagram.com/sstockbrokers
• LinkedInlinkedin.com/company/solomon-securities-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOLOMON Stockbrokers