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Permanent edition · Vol. I · No. 222

The Brief

Monday, 10 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

4,183.38

As at DSEI · 7 Aug close · latest verified

Tanzania Share Index

9,169.71

As at TSI · 7 Aug close · domestic board

USD / TZS

2,644.79

As at BoT mean · 9 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 · 9 Aug sheet. Source: Bank of Tanzania daily rates ↗

This edition in 60 seconds

  1. 01An official curve arrives; market depth is the test
  2. 02BoT’s fitted curve adds a reference; adoption remains unproven
  3. 03DSEI rose while the domestic-only TSI fell

Market infrastructure

An official curve arrives; market depth is the test

Signal

BoT’s 6 August curve spans six months to 25 years; 4,183.38 rose 0.14% while 9,169.71 fell 0.20% at the verified close.

Why it matters

The new benchmark clarifies sovereign pricing, but 88.5% of TZS 5.26bn equity turnover remained in NMB and CRDB.

What to watch

Whether issuers and traders use the curve, and whether the next DSE session spreads value beyond the two banks.

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

Sovereign benchmark

BoT’s fitted curve adds a reference; adoption remains unproven

Signal

The official fitted curve rises from 4.1894% at 0.5 years to 11.9854% at 25 years across 50 half-year points.

Why it matters

A published reference reduces pricing ambiguity; it does not prove secondary liquidity, issuance or the fitting method.

What to watch

Next evidence: transparent trades or issuance using the curve; the next official curve run is not yet dated.

Index scope

DSEI rose while the domestic-only TSI fell

Signal

4,183.38 rose 0.14% while 9,169.71 fell 0.20%; the two headline indices again moved in opposite directions.

Why it matters

All-share and domestic-only gauges gave different directions, so the named index still determines what the headline means.

What to watch

The 10 August close tests whether the two indices reconverge and whether sector direction broadens.

Money traded

NMB and CRDB carried 88.5% of session turnover

Signal

NMB and CRDB supplied TZS 4.652bn, or 88.5%, of verified TZS 5.257bn turnover; 21 of 28 counters traded.

Why it matters

Advancers led decliners nine to seven, but traded value remained far narrower than the count of moving counters.

What to watch

Whether the next verified session lowers the two-bank share while keeping at least 21 counters active.

Credit transmission

Private-credit growth accelerated while headline inflation eased

Signal

June private-credit growth reached 28.1%, from 23.2% in May; headline inflation eased to 4.0% and core rose to 3.7%.

Why it matters

Credit transmission strengthened without a headline-inflation break, but sector allocation and durability remain unresolved.

What to watch

The next official Monthly Economic Review tests persistence and whether credit growth broadens across productive sectors.

The Ghost · edition context

The model-book allocation read

The Ghost’s hypothetical TZS 500m model ledger is +8.40% since inception at its 7 Aug mark. The official curve, split indices and concentrated turnover update the observable terrain; not trades.

Open the current Ghost tracker →

What this edition watched

  1. DSE index direction and turnover distribution

    The 7 August close split DSEI and TSI while NMB and CRDB supplied 88.5% of equity turnover.

    after the 10 Aug session

  2. Use of the official sovereign curve

    The 6 August fitted curve adds a reference; adoption requires transparent pricing, issuance or secondary-market use.

    next official trade or issuance evidence

  3. Next verified seven-day IBCM observation

    The 7 August rate was 6.52%, 27 basis points above the 6.25% CBR; one observation does not establish persistence.

    next BoT dashboard observation

  4. Next official private-credit publication

    June private-credit growth accelerated to 28.1%; the next report tests persistence and sector allocation.

    next BoT Monthly Economic Review · date not announced

  5. Primary instruments behind weekend project reports

    The Wire handoff carried secondary reports on allocations, financing intent and project backing without governing mechanics.

    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 (7 Aug 2026). The sovereign curve, rates, FX, credit and inflation use separately dated Bank of Tanzania records: the curve is the official fitted run of 6 August, the seven-day IBCM observation is 7 August, the USD/TZS mean is from the 9 August sheet, and the macro observations cover June in the July 2026 Monthly Economic Review. The current Wire handoff was read first and contained zero primary-grade candidates; secondary reports on agricultural allocations, development-bank intent, transport announcements and energy-hub backing were not promoted without underlying official mechanics. The fitted curve is not blended with auction observations and its publication does not prove liquidity or adoption. No foreign-flow split, fitting method or same-day DSE close is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.