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Permanent edition · Vol. I · No. 215

The Brief

Monday, 3 August 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.

DSE All-Share

4,190.41

As at DSEI · 31 Jul close · latest verified

Tanzania Share Index

9,215.18

As at TSI · 31 Jul close · domestic board

USD / TZS

2,645.68

As at BoT mean · 3 Aug sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.0%

As at NBS · June 2026 headline

This edition in 60 seconds

  1. 01TZS 30.46bn traded, but TBL carried nearly four shillings in five
  2. 02TBL supplied 78.1% of the session while NMB supplied another 13.3%
  3. 03Industrials rose while Commercial Services fell 4.24%

Verified close

TZS 30.46bn traded, but TBL carried nearly four shillings in five

Signal

4,190.41 slipped 0.11% and 9,215.18 0.04%; equity turnover reached TZS 30.46bn, with 78.1% in TBL.

Why it matters

The value was 4.53× the held-session median, yet 20 of 28 names traded and decliners led advancers 10 to eight. High turnover did not equal broad liquidity.

What to watch

Whether the next close keeps ordinary two-sided turnover above recent norms while reducing single-counter concentration.

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

Tape

TBL supplied 78.1% of the session while NMB supplied another 13.3%

Signal

TBL contributed TZS 23.79bn and NMB TZS 4.05bn of the verified TZS 30.46bn equity turnover.

Why it matters

A large printed total can still provide limited two-sided liquidity when two counters supply 91.4% of value. Concentration and depth are separate observations.

What to watch

The 3 August close tests whether value spreads across more counters and whether TBL's share returns toward ordinary levels.

Sectors

Industrials rose while Commercial Services fell 4.24%

Signal

Industrial & Allied rose 1.04% and Banks 0.20%, while Commercial Services fell 4.24% at the verified close.

Why it matters

The All-Share's 0.11% decline compressed sharply different sector moves. The headline index alone did not describe where the repricing occurred.

What to watch

Whether the next verified close narrows the sector gap or extends the services decline alongside gains elsewhere.

FX

The latest BoT mean strengthened 0.15%, but remained 0.31% above 24 July

Signal

BoT's 3 August USD/TZS mean was 2,645.6774, down 0.15% from 31 July but still 0.31% above 24 July.

Why it matters

A lower USD/TZS mean marks modest shilling strengthening over the latest interval; the longer comparison still shows mild weakening, not a one-way break.

What to watch

The next official BoT exchange-rate sheet tests whether the latest strengthening extends or remains a small reversal within the longer move.

Agriculture

Policy ambition moved twice, but financing instruments remain undisclosed

Signal

An edible-oil plan reports a TZS 957.6bn requirement; a later TADB directive disclosed no new allocation, guarantee or project list.

Why it matters

A stated financing need and lending direction do not equal mobilized capital. Execution becomes measurable when funded instruments and eligible projects appear.

What to watch

A budgeted facility, guarantee, priority-value-chain schedule, private commitment or retained primary strategy document.

Source: Daily News · article text · first seen 2026-08-03

Go deeper

The Ghost · edition context

The model-book allocation read

The Ghost's hypothetical TZS 500m model book is +8.16% since inception at its 31 Jul mark. Friday's TBL turnover concentration and the split direction of sectors and FX are terrain for studying liquidity, diversification and currency translation — not trades.

Open the current Ghost tracker →

What this edition watched

  1. DSE breadth and turnover distribution

    The 31 July close printed TZS 30.46bn, but TBL and NMB supplied 91.4%; the next verified close tests whether value and participation broaden.

    after the 3 Aug session

  2. Next official BoT exchange-rate sheet

    The 3 August mean strengthened 0.15% from 31 July while remaining 0.31% above 24 July; the next sheet tests which interval persists.

    date not announced

  3. Next verified BoT Treasury-bill result

    Auction No. 1203 remains the latest verified result, with the 91-day yield at 3.3472%, 182-day at 4.7799% and 364-day at 7.0258%.

    date not announced

  4. Agriculture financing instruments

    The edible-oil requirement and TADB direction remain policy signals until a funded facility, guarantee, eligible-project schedule or private commitment is disclosed.

    date not announced

  5. Constitutional-process instrument

    Reported intent and consultations have not yet supplied a published legal instrument, commission membership, draft text or referendum calendar.

    date not announced

Compiled from public sources for information and education only — not investment advice, a forecast or a recommendation. Equity and index figures reconcile to the DSE verified close (31 Jul 2026); rates and FX use Bank of Tanzania publications, and inflation uses NBS. The current Wire hand-off was read first and contained no primary-grade card. The two agriculture reports are retained as government-signal evidence from Daily News article text: TZS 957.6bn is a reported financing requirement, not committed or mobilized capital, and the TADB directive disclosed no new allocation, guarantee or eligible-project list. No foreign-flow split is inferred from the official session snapshot. Undated checkpoints remain explicitly undated. For live levels see Markets.