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Permanent edition · Vol. I · No. 219

The Brief

Friday, 7 August 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

4,177.51

As at DSEI · 6 Aug close · latest verified

Tanzania Share Index

9,187.64

As at TSI · 6 Aug close · domestic board

USD / TZS

2,646.99

As at BoT mean · 7 Aug sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.0%

As at BoT MER · June 2026 headline

USD / TZS in this edition: BoT mean · 7 Aug sheet. Source: Bank of Tanzania daily rates ↗

This edition in 60 seconds

  1. 01Private credit accelerated to 28.1% as the equity tape split again
  2. 02CRDB, NMB and Vodacom supplied 91.7% of session turnover
  3. 03DSEI fell 0.27% while TSI rose 0.16%

Credit and transmission

Private credit accelerated to 28.1% as the equity tape split again

Signal

BoT records June private-sector credit growth at 28.1%, up from 23.2% in May; at the verified close, 4,177.51 fell 0.27% while 9,187.64 rose 0.16%.

Why it matters

Financial intermediation strengthened while headline inflation eased to 4.0%. The sector allocation of credit and the concentration of traded money now carry more information than either aggregate alone.

What to watch

Whether the next official credit print sustains the acceleration and whether the 7 August DSE close resolves the index split through broader turnover.

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

Money traded

CRDB, NMB and Vodacom supplied 91.7% of session turnover

Signal

CRDB supplied 48.9%, NMB 29.1% and Vodacom 13.7% of TZS 3.828bn in verified equity turnover.

Why it matters

Twenty-one counters traded and advancers led decliners 10 to eight, but the top three names absorbed most of the session’s money. Participation and value distribution therefore gave different readings.

What to watch

Whether the 7 August close lowers the top-three share while traded-counter participation remains at or above 21.

Index split

DSEI fell 0.27% while TSI rose 0.16%

Signal

4,177.51 fell 0.27% while 9,187.64 gained 0.16%; the all-share and domestic-only indices moved in opposite directions for a second session.

Why it matters

Cross-listed and domestic components again sent different signals, so the all-share headline did not describe the local board alone.

What to watch

The 7 August close tests whether the indices reconverge or extend the split into a third session.

Credit transmission

Private-sector credit growth accelerated by 4.9 percentage points

Signal

BoT’s July review places June private-sector credit growth at 28.1% year on year, up from 23.2% in May, while headline inflation eased to 4.0% and core inflation rose to 3.7%.

Why it matters

Faster intermediation arrived without a headline-inflation break, but the composition was uneven: trade, transport and agriculture grew much faster than manufacturing credit.

What to watch

The next official monthly review tests whether credit growth persists and whether sector allocation broadens beyond the fastest June categories.

External buffer

Import cover rose to 4.4 months as the current-account deficit widened

Signal

BoT places official reserves at US$5.6735bn at end-June, equal to 4.4 months of projected imports and above Tanzania’s four-month benchmark.

Why it matters

Exports rose 17.2% year on year, but imports grew faster at 18.1%; stronger reserve cover and external-flow pressure therefore coexisted.

What to watch

The next official reserve and current-account print tests whether import cover clears the 4.5-month EAC benchmark while the flow deficit narrows.

The Ghost · edition context

The model-book allocation read

The Ghost’s hypothetical TZS 500m model book is +8.21% since inception at its 6 Aug mark. Faster credit growth, split indices and concentrated turnover update the terrain; not trades.

Tape read: The hypothetical model book ended 6 August at +8.21% since inception. Credit acceleration, improved reserve cover, split indices and concentrated equity turnover keep transmission, external-buffer and market-distribution conditions visible. These are educational terrain observations, never positions or recommendations.

Open the current Ghost tracker →

What this edition watched

  1. DSE index direction and turnover distribution

    The 6 August close split DSEI and TSI while CRDB, NMB and Vodacom supplied 91.7% of equity turnover.

    after the 7 Aug session

  2. Next official private-credit publication

    June private-sector credit growth accelerated to 28.1% from 23.2% in May, with large differences across sectors.

    next BoT Monthly Economic Review

  3. Next verified seven-day IBCM observation

    The latest verified seven-day rate remains 6.21% on 5 August, four basis points below the 6.25% CBR.

    next BoT dashboard observation

  4. Next verified BoT Treasury-bill result

    Auction No. 1203 remains latest, with the 91-day weighted-average yield about 290bp below the CBR.

    date not announced

  5. Primary instruments behind Wire policy and project leads

    The current Wire subset carried secondary reports on digital payments, energy MoUs and investor courtship but no governing instrument or financing record.

    next official release

Compiled from public sources for information and education only; not investment advice, a forecast or a recommendation. Equity, index, breadth and turnover figures reconcile to the DSE verified close (6 Aug 2026); credit, inflation, reserves, rates and FX use Bank of Tanzania publications. The 7 August Wire hand-off was read first and contained zero primary-grade cards; no candidate-card figure was promoted. Secondary reports on digital-payment rules, energy MoUs, investor courtship and a regional trade restriction were withheld because the hand-off contained no governing instrument or directly reviewed primary record. The DSEI and TSI split is preserved rather than compressed into one market direction. The dated interbank and Treasury-bill observations are not presented as a same-day curve. The reserve visual expresses each disclosed month threshold as a share of the six-month SADC benchmark; it does not change the underlying 4.0, 4.4, 4.5 or 6.0-month observations. No foreign-flow split is inferred from the official DSE snapshot. Undated checkpoints remain explicitly undated. For live levels see Markets.