DSE All-Share
4,194.87
As at 30 Jul close · latest verified
Permanent edition · Vol. I · No. 212
The Brief
Friday, 31 July 2026
A frozen reading of Tanzania's economy, markets and statecraft. Figures remain bound to their stated observations; this archive never inherits a newer market tape.
Tanzania Share Index
9,218.54
As at 30 Jul close · domestic listings
USD / TZS
2,649.75
As at BoT mean · 31 Jul sheet
BoT rate
6.25%
As at Q3 2026 CBR
Inflation
4.0%
As at June · inside 3–5% band
This edition in 60 seconds
- 01Indices rose, but two banks carried 84.1% of turnover
- 02NMB's first-half profit grew as funding costs rose faster
- 03The cash-lite mandate widens after TIPS activity accelerated
Verified close
Indices rose, but two banks carried 84.1% of turnover
Signal
4,194.87 rose 0.52% and 9,218.54 0.50%; turnover was TZS 6.45bn, with NMB and CRDB supplying 84.1%.
Why it matters
Fifteen counters fell and only six rose, so positive indices still rested on narrow funded participation.
What to watch
Whether Friday's close gains breadth and value spreads beyond NMB and CRDB.
Did the domestic market and the headline index tell the same story over the covered quarter?
The domestic market against the headline index
As at 30 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Banking
NMB's first-half profit grew as funding costs rose faster
Signal
H1 PAT rose 13.2% to TZS 405.766bn; loans rose 8.6%, deposits 1.0% and the NPL ratio eased to 2.5%.
Why it matters
Net interest and fee income grew, but interest expense rose 36%; Q1 plus Q2 also differs from printed H1 by TZS 8m.
What to watch
Funding costs, loan seasoning, deposit growth and whether returns stabilise after reported ROAA and ROAE eased.
Source: NMB Bank · first seen 2026-07-30
Go deeper →Payments
The cash-lite mandate widens after TIPS activity accelerated
Signal
The rules extend mandatory e-payments; TIPS processed 651m transactions worth TZS 54.95tn in 2025.
Why it matters
Formal rails can widen fee and float pools, but interoperability, security, rural access and acceptance remain the execution test.
What to watch
Implementation scope, merchant coverage and the next verified transaction-volume disclosure.
Source: The Citizen · citing 2026 regulations, Budget and BoT Governor · first seen 2026-07-31
Go deeper →Agriculture
The edible-oil strategy prices ambition before funding
Signal
The plan says Tanzania produces about 40% of a 732,000-tonne need and requires about TZS 959bn over ten years.
Why it matters
It targets import substitution, but the financing requirement is not committed capital and instruments remain unspecified.
What to watch
Costed budget lines, private commitments, acreage baselines, tariff changes and enforceable milestones.
Source: The Citizen · strategy forum reporting · first seen 2026-07-31
Go deeper →Foreign exchange
The shilling softened modestly on the official daily sheets
Signal
BoT's 31 July mean was TZS 2,649.75 per US dollar, 0.07% weaker than 30 July and 0.47% weaker than 24 July.
Why it matters
Both moves remain below half a per cent, so the latest sheets show mild weakening rather than a large break.
What to watch
The next official BoT sheet and whether later observations extend beyond the current sub-half-percent move.
The Ghost · edition context
The model-book read
The Ghost's hypothetical TZS 500m model book is +8.89% since inception at its 30 Jul mark. NMB's first-half growth, faster funding costs and dominant session turnover are terrain for studying concentration and earnings quality, not trades.
Open the current Ghost tracker →What this edition watched
31 Jul DSE close
The next close tests whether the index advance gains breadth after only six names rose and NMB plus CRDB carried 84.1% of turnover.
After today's session
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
Edible-oil strategy financing instruments
Costed lines, TADB facilities and private commitments are needed before the TZS 959bn requirement can be treated as mobilised capital.
Implementation follow-up
NMB share-subdivision window
The pause, register close and restart create an observable test of order count, spread and traded-value depth.
20–24 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 DSE verified close (30 Jul 2026); rates and FX to BoT; inflation to NBS. The current Wire hand-off was read first: its NMB primary filing is included. Two duplicate Vodacom primary cards were deliberately omitted because the audited results were covered in the 30 Jul edition and supplied no distinct new fact. The electronic-payments and edible-oil stories use press-reported evidence and retain those limits. Foreign-flow data was unavailable in the official session snapshot and is omitted. For live levels see Markets.