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Permanent edition · Vol. I · No. 226

The Brief

Friday, 14 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

4,228.80

As at DSEI · 13 Aug close · latest verified

Tanzania Share Index

9,299.64

As at TSI · 13 Aug close · domestic board

USD / TZS

2,645.24

As at BoT mean · 14 Aug sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.2%

As at NBS · July 2026 headline

USD / TZS in this edition: BoT mean · 14 Aug sheet. Source: Bank of Tanzania daily rates ↗

This edition in 60 seconds

  1. 01Both headline indices accelerated; NMB still carried 66.1% of turnover
  2. 02Both headline indices strengthened in the same direction
  3. 03NMB and CRDB carried 85.1% of equity turnover

Market acceleration and concentration

Both headline indices accelerated; NMB still carried 66.1% of turnover

Signal

4,228.80 rose 1.22% and 9,299.64 1.14%; nine counters advanced against seven decliners.

Why it matters

NMB supplied TZS 2.817bn of TZS 4.262bn equity turnover; NMB and CRDB together carried 85.1%.

What to watch

The 14 August close tests whether shared direction persists with 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 13 Aug 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.

Index acceleration

Both headline indices strengthened in the same direction

Signal

4,228.80 rose 1.22% and 9,299.64 1.14% at the verified 13 August close.

Why it matters

Nine counters rose and seven fell, while turnover stayed below its held-session median.

What to watch

The 14 August close tests whether the shared direction persists with broader value.

Money traded

NMB and CRDB carried 85.1% of equity turnover

Signal

NMB supplied TZS 2.817bn and CRDB TZS 0.808bn of TZS 4.262bn equity turnover.

Why it matters

Twenty counters traded, but all counters outside the two banks supplied only 14.9% of value.

What to watch

The next session tests whether value broadens beyond the two banks while participation holds.

Change dispersion

Precision Air led gains while MCB formed the negative tail

Signal

PAL rose 13.33%, TCCL 8.03% and MCB fell 3.30%; verified changes crossed both sides of zero.

Why it matters

PAL's gain carried TZS 2.307m turnover, separating the quoted tail from where most money traded.

What to watch

The next board tests whether the positive tail broadens without a deeper negative tail.

TBL quarterly results

TBL converted revenue growth into faster operating-profit growth

Signal

Q2 revenue rose 13%, operating profit 20% and EPS 6% year on year.

Why it matters

Operating margin reached 23.8%; the TZS 156.1bn dividend keeps cash conversion in the same read.

What to watch

The full-year audited result is not yet dated; it will test margin and cash-flow continuity.

The Ghost · edition context

The model-book allocation read

The Ghost's hypothetical TZS 500m model ledger is +8.95% since inception at its 13 Aug mark. Market breadth, concentrated turnover and TBL's operating leverage update the observable terrain; not trades.

Open the current Ghost tracker →

What this edition watched

  1. DSE breadth and turnover distribution

    Both headline indices accelerated on 13 August while NMB supplied 66.1% of equity turnover.

    after the 14 Aug session

  2. TBL full-year audited result

    Q2 operating profit grew faster than revenue, while the dividend keeps cash conversion in view.

    official release date not yet recorded

  3. Zambia election observer statement

    SADC's preliminary statement is the dated conduct checkpoint; no result is assumed in advance.

    15 Aug 2026

  4. Bank of Tanzania 15-year bond reopening

    The official issuance calendar identifies the reopening; its result remains separate from the fitted curve.

    19 Aug 2026

  5. Next Tanzania inflation release

    The July headline was 4.2%; the next release tests whether the observed price pattern changes.

    8 Sep 2026

Compiled from public sources for information and education only; not investment advice, a forecast or a recommendation. Equity, index, breadth, mover and turnover figures reconcile to the DSE verified close (13 Aug 2026). The 14 August USD/TZS mean and Q3 2026 CBR are separately dated Bank of Tanzania records; the FX value and sheet date come only from the exact governed fx.json observation. July inflation is the National Bureau of Statistics release dated 10 August. The current Wire handoff was read first. The TBL Q2 filing was promoted because it supplied quantified operating evidence. The TRA statement contained no quantified measure, the TBL Q1 filing was superseded by Q2, and the NICO H1 filing remains in the Wire because its fair-value and recurring-cash components require a fuller treatment; those omissions are deliberate. Treasury-bill auction observations remain separate from the fitted sovereign curve and the CBR. No foreign-flow split, same-day DSE close, future TBL margin, election result or undated corporate-result date is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.