DSE All-Share
4,163.44
As at 28 Jul close · latest verified
Permanent edition · Vol. I · No. 210
The Brief
Wednesday, 29 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.
Tanzania Share Index
9,142.89
As at 28 Jul close · domestic listings
USD / TZS
2,647.54
As at BoT mean · 29 Jul sheet
BoT rate
6.25%
As at Q3 2026 CBR
Inflation
4.0%
As at June · inside 3 to 5% band
This edition in 60 seconds
- 01Every domestic index rose, but two banks carried almost nine shillings in ten
- 02Vodacom's results-led repricing extended as funded intensity normalised
- 03IFC's shilling bond creates a local-currency credit channel into NMB
Verified close
Every domestic index rose, but two banks carried almost nine shillings in ten
Signal
4,163.44 rose 0.52% and 9,142.89 0.92%; turnover was TZS 5.07bn, with NMB and CRDB supplying 89.1%.
Why it matters
Price breadth improved across every domestic sector index, but funded activity remained concentrated in two bank counters.
What to watch
Whether turnover spreads beyond NMB and CRDB, and whether VODA and TCCL retain two-sided depth after their price moves.
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 28 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Mobile
Vodacom's results-led repricing extended as funded intensity normalised
Signal
VODA gained another 8.29% to TZS 980 on TZS 270.3m turnover after Q1 service revenue grew 21.7% and EBITDA 37%.
Why it matters
A second price move confirms follow-through, but lower turnover and a soft prior-year base limit what can be inferred about durable demand.
What to watch
Order depth, the 38.3% EBITDA margin, capex and finance costs at the next quarterly filing and dividend decision.
Source: Vodacom Tanzania · DSE · first seen 2026-07-27
Go deeper →Capital markets
IFC's shilling bond creates a local-currency credit channel into NMB
Signal
IFC issued TZS 262.5bn for five years at 7.60%; proceeds support an equivalent shilling loan to NMB for MSMEs.
Why it matters
The structure brings offshore institutional capital into local-currency lending without adding Tanzanian sovereign foreign-currency debt.
What to watch
NMB's MSME deployment, the 20% women-owned-business allocation and subsequent credit performance; no dates are disclosed.
Source: World Bank · IFC · first seen 2026-07-24
Go deeper →Capital markets
NMB's split changes the trading ticket, not the economics
Signal
NMB's 1-for-10 subdivision lifts listed shares from 500m to 5bn; post-split trading starts 24 August, with no value dilution.
Why it matters
The lower trading ticket may widen participation, but it adds no capital and changes no holder's proportionate economic interest.
What to watch
The 20 to 21 August pause, 21 August register close, then order count, spread and turnover after the 24 August restart.
Source: NMB Bank · first seen 2026-07-27
Go deeper →Policy
TRA to IMF tax cooperation is an official capacity signal, not a funding event
Signal
TRA announced stronger IMF cooperation on tax administration; no programme scope, funding or binding reform package was disclosed.
Why it matters
It is an official capacity-building signal, but its capital relevance remains conditional on defined measures and execution.
What to watch
A published technical-assistance scope, named tax-system measures and any linkage to a dated IMF programme review.
Source: Tanzania Revenue Authority · IMF · first seen 2026-07-27
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model book is +7.50% since inception at its 28 Jul mark. VODA's second move and NMB's split and funding events sit inside a bank-and-mobile-heavy model-book allocation; they are terrain for studying concentration, liquidity and event mechanics, not trades.
Open the current Ghost tracker →What this edition watched
US FOMC decision
The scheduled decision resets the near-term dollar-rate backdrop; later BoT FX sheets will show whether the pre-decision shilling drift extends.
29 Jul 2026 · 21:00 EAT
Next verified BoT T-bill result
Auction No. 1203 remains latest; the next posted result tests whether the 91-day yield remains about 290bp below the 6.25% CBR.
Date unannounced
Bank of England decision
The vote reveals whether energy pass-through or subdued private demand dominates the committee's risk balance.
30 Jul 2026
NMB share-subdivision window
The pause, register close and restart create the first observable test of order count, spread and traded-value depth.
20 to 24 Aug 2026
Compiled from public sources for information and education only; not investment advice, and not a forecast. Equity and index figures reconcile to the Dar es Salaam Stock Exchange verified close (28 Jul 2026); rates and FX to the Bank of Tanzania; inflation to the NBS. The current Wire hand-off was read first: its primary-grade TRA to IMF candidate is included, and its secondary TZS 265.2bn IFC bond figure was corrected to the primary TZS 262.5bn term. Foreign-flow data was unavailable in the official session snapshot and is omitted. For live market levels see Markets.