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Permanent edition · Vol. I · No. 198

The Brief

Friday, 17 July 2026

A frozen reading of Tanzania's markets, capital and policy. Figures remain bound to their stated observations; this archive never inherits a newer market tape.

DSE All-Share

4,102.94

As at DSEI · 16 Jul close · latest verified

USD / TZS

2,636

As at BoT indicative mean · 16 Jul sheet

364-day T-bill

7.03%

As at BoT auction 1203 · 15 Jul

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.0%

As at NBS · Jun 2026 headline

This edition in 60 seconds

  1. 01CRDB supplies 93% of a TZS 55.20bn board while breadth turns negative
  2. 02The latest T-bill auction moves three of four tenors lower
  3. 03Same-date ETF gaps show why NAV publication clocks cannot be hidden

Verified close

CRDB supplies 93% of a TZS 55.20bn board while breadth turns negative

Signal

DSE turnover reached TZS 55.20bn on 16 Jul; CRDB supplied TZS 51.42bn, while 8 names rose, 12 fell and 8 were flat.

Why it matters

The index rose to 4,102.94 (+0.28%), but falling breadth and one-name concentration make turnover and breadth tell different stories.

What to watch

Whether the next verified close retains value beyond CRDB and whether advancers again outnumber decliners.

Did the domestic market and the headline index move together or apart over the covered quarter?

The domestic market against the headline index

As at 16 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.

Auction curve

The latest T-bill auction moves three of four tenors lower

Signal

At auction 1203, 35-, 91- and 364-day yields fell; only the 182-day rose, to 4.78% from 4.70%.

Why it matters

A non-parallel move means the curve carries more information than the 364-day headline alone.

What to watch

The next complete auction and whether short tenors keep easing while the 182-day remains firmer.

ETF vintages

Same-date ETF gaps show why NAV publication clocks cannot be hidden

Signal

IEACLC closed 1.0% above same-date NAV on 16 Jul; VERTEX's latest matched gap was 9.7% below NAV on 19 Jun.

Why it matters

One current and one historical match show why carrying an old NAV forward would create a false daily series.

What to watch

The next dated VERTEX NAV, the next verified closes and how the matched-gap distribution changes.

Currency

USD/TZS is almost unchanged on the latest BoT indicative sheet

Signal

The official mean was TZS 2,636.23 per dollar on 16 Jul, up 0.01% from TZS 2,635.89 on 15 Jul.

Why it matters

The level is stable day to day; the historical-band view tests context without turning that stability into a forecast.

What to watch

The next BoT observation and whether the level remains inside its recent observed range.

Wire source gate

A reported credit slowdown stays a candidate until the BoT series confirms it

Signal

The fresh Wire handoff surfaced a Daily News report of slower private-credit growth; it contained no primary-source card.

Why it matters

Without the BoT aggregate and sector table, KCP cannot quantify the move or attach it to a reporting period.

What to watch

The next BoT credit series and CRDB/NMB results; until then this remains a candidate, not a verified fact.

Source: Daily News, surfaced by the KCP Wire handoff · published 2026-07-16

Go deeper

The Ghost · edition context

The model-book allocation read

The Ghost's hypothetical TZS 500m model book is +4.26% since inception at the 16 Jul mark, with NMB Bank its largest equity allocation.

Tape read: A CRDB-dominated board raises turnover without broadening the model-book terrain; the auction curve remains the public comparator. Hypothetical and educational.

Open the current Ghost tracker →

What this edition watched

  1. T-bill auction No. 1204

    Whether the latest non-parallel curve move persists across short and long tenors

    ≈29 Jul 2026 · cadence-inferred, not an official BoT date

  2. Next dated VERTEX NAV

    A dated value restores a defensible same-date premium or discount comparison

    Manager publication schedule

  3. Next BoT private-sector credit release

    The primary aggregate and sector table determine whether the Wire candidate becomes a verified story

    Next monthly monetary publication

  4. NBS July CPI release

    Whether transport pressure changes the 4.0% headline and its published composition

    Early Aug 2026

  5. Next verified DSE close

    Whether turnover broadens beyond CRDB and market breadth recovers

    After exchange publication and EOD reconciliation

Compiled from public sources for information and education only; not investment advice. Equity and index figures reconcile to the Dar es Salaam Stock Exchange verified close (16 Jul 2026); rates and FX to the Bank of Tanzania; ETF NAVs to fund-manager records and closes to the DSE; inflation to the NBS. The Wire handoff contained no primary-source cards, so its reported credit item remains a candidate rather than a verified figure.