Dissertation (MA Business Administration)Since its inception in 1996, there is a lack of literature that shows success of DSE in its operations. This study therefore, was put in place in order to examine the success and challenges of stock market in Tanzania. The central issues of concern were to determine the perceptions of stakeholders, towards stock market operations activities, to understand the opportunities resulting from operations of stock market and to investigate on the success and challenges facing stock market in Tanzania. The study was conducted in Dar Es Salaam City using a descriptive survey research design. A total number of 40 respondents constituted the study sample, which included listed companies, stock market participants and DSE staff. Data were gathered using questionnaire and interviews. Interviews were administered to executives of the listed companies and DSE staff, while questionnaires were administered to individual respondents. Data were then analyzed using frequencies, Tables, percentages, and strong explanation building. The study has found out that, majority of stakeholders admitted that, stock market had the positive impact towards the key issues to companies. Also, the study identified various opportunities available from the stock market operations. Furthermore, it uncovered various successes by which DSE had achieved so far. Some of the key successes observed include; raising capital for businesses, mobilizing savings for investments and facilitation of privatization. However, it was also found out there were host of challenges which faced the stock market in Tanzania. The most notable challenges were; lack of desirable characteristics of stock exchange market, lack of public awareness, few market participants as well as lack of competent experts in financial markets. Finally, the study recommended various strategies that could be employed to address the above challenges.