Tanzanian brokerage and a separate fund service
Sections ↑Orbit Securities Company Limited appears in the CMSA register under broker/dealer licence D0005, investment-adviser licence I0007 and fund-manager licence I0040. The permissions cover distinct activities: a share-dealing instruction and a managed-fund subscription should not be treated as the same mandate.[3]
Account and instruction routes
| Route | What the published process requires |
|---|---|
| Broker-assisted securities account | Application, identity, address and bank details; companies provide the corresponding corporate documents.Source 1 |
| DSE Mobile Trading Platform | Open or link a CDS account and select the broker; complete NIDA/KYC verification.Source 4 |
| Inuka Fund | A separate fund subscription and repurchase process with its own forms and reporting.Source 6Source 7 |
The DSE’s process allows an existing securities account to be linked rather than automatically creating a second ownership record. Successful mobile registration is still distinct from receipt of purchase money and acceptance of an order.[4]
Listed securities and pooled money-market investment
Sections ↑Service map
| Service | Structure |
|---|---|
| Exchange shares | Dealing through the broker and DSE matching process.Source 1 |
| Inuka Fund | A pooled money-market product, not a share order or a guaranteed bank balance.Source 6 |
| Advisory and issuer services | CMSA lists additional adviser, fund-manager and nominated-adviser permissions. Retail custody terms do not follow from those permissions alone.Source 3 |
Orbit’s library includes fund repurchase forms and an Inuka annual report. A redemption form should be read with the fund’s valuation and payment rules; the existence of a downloadable form does not establish immediate redemption or a fixed investment return.[7]
Broker commission is only part of a share transaction
Sections ↑Brokerage is applied progressively
Other published transaction charges
For TZS 1,000,000, the components are TZS 17,000 + 3,060 + 1,400 + 1,652 + 200 + 708 = TZS 24,020, or 2.402%. Purchase consideration is therefore TZS 1,024,020 before bank costs. This exact schedule explains the rounded 2.4% figure in Orbit’s FAQ.[2]
The fund page advertises no entry or exit fee for Inuka. That is not a statement that its portfolio management and operating costs are zero; the complete fund expense basis must come from the fund documents, not the share-trading schedule.[6]
Broker-transmitted orders and market-session limits
Sections ↑The DSE platform supports market and limit instructions transmitted through the chosen broker. Funding uses a government electronic payment control number and the approved bank or mobile-payment route before the number expires. An on-screen submission is not proof of a completed exchange match.[4]
DSE platform controls
| Item | Published operation |
|---|---|
| Access | Web, mobile application and USSD *152*00#.Source 5 |
| Session | 10:00–16:00 East Africa Time on trading days.Source 5 |
| Quantity | The FAQ allows any number of shares rather than imposing a round-lot minimum.Source 5 |
| Settlement | T+2; the contract note records the executed transaction.Source 5 |
Orbit accepts cancellation instructions through its broker process. Cancellation needs to reach an unexecuted instruction; it cannot undo a completed trade. The inspected material did not establish every order-expiry choice or a guaranteed phone-dealing service during a platform outage.[1]
Purchase funding and redemption are different workflows
Sections ↑The broker’s own account explanation requires full purchase funding before an order. The DSE electronic-payment process gives a traceable control-number route. Neither is evidence that all customer cash withdrawals have the same T+2 timetable as an exchange trade.[1][4]
The current public documents did not establish Orbit’s complete outgoing bank-payment tariff or a binding customer withdrawal cut-off. Unused purchase cash, unsettled sales and fund redemption proceeds should therefore be requested and tracked separately; a single portfolio balance does not prove that all three are immediately available.
CDS ownership and special transfers
Sections ↑Administrative services in Orbit’s FAQ
| Request | Published handling |
|---|---|
| Eligible family off-market transfer | Documents establishing the relationship and transfer; TZS 5,000 per CDS account.Source 1 |
| Address change | TZS 5,000.Source 1 |
| Pledge / mortgage registration | TZS 20,000; this is a restriction on securities, not a cash withdrawal.Source 1 |
These special transactions should not be confused with an ordinary exchange sale or with moving every holding to another broker. The CDS mechanism records securities interests; the fidelity-fund levy in a transaction charge is not, by itself, a published per-client insurance limit.[4]
Official contact and evidence for an instruction dispute
Sections ↑Contact
| Route | Published details |
|---|---|
| Broker office | Golden Jubilee Tower, fourth floor, Ohio Street, Dar es Salaam.Source 3 |
| Broker assistance | +255 699 912 000; [email protected].Source 3 |
| Records | Keep the control-number receipt and executed contract note alongside the instruction.Source 4Source 5 |
A complaint about money not credited is different from a complaint about price or order timing. The materials reviewed do not specify an Orbit-specific complaint-response deadline. The exact licence and legal name in the CMSA register provide the entity match for an escalation, rather than a brand-only identification.[3]
Operating history does not merge the mandates
Sections ↑Orbit says it was established in 1996. Its securities, advisory and fund activities share a brand, but their documentation serves different purposes. In particular, the fund’s performance reports do not describe the return earned by an individual client’s separate share portfolio.[1]
- Headquarters
- Dar es Salaam, Tanzania
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Orbit Securities Company Limited
TanzaniaSource 3
No separate licence entry is recorded in this panel.
Sources & further reading
- Orbit Securities: accounts, orders and administrative services Orbit Securities · Accessed 20 Oct 2026
- Financial plans: brokerage and transaction levies Orbit Securities · Accessed 20 Oct 2026
- CMSA register of licensees: Orbit Securities Capital Markets and Securities Authority Tanzania · Accessed 20 Oct 2026
- DSE Mobile Trading Platform: how it works Dar es Salaam Stock Exchange · Accessed 20 Oct 2026
- DSE MTP: order, session and settlement FAQ Dar es Salaam Stock Exchange · Accessed 20 Oct 2026
- Inuka Fund product information Orbit Securities · Accessed 20 Oct 2026
- Current forms and fund reporting library Orbit Securities · Accessed 20 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.