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Permanent edition · Vol. I · No. 229

The Brief

Monday, 17 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

4,232.85

As at DSEI · 14 Aug close · latest verified

Tanzania Share Index

9,331.91

As at TSI · 14 Aug close · domestic board

USD / TZS

2,643.08

As at BoT mean · 17 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 · 17 Aug sheet. Source: Bank of Tanzania daily rates ↗

This edition in 60 seconds

  1. 01Friday's wider advance still depended on three counters for 84.7% of turnover
  2. 02Positive breadth still met a concentrated pool of money
  3. 03JNHPP completion shifts the test from construction to utilisation

Breadth improved, money stayed concentrated

Friday's wider advance still depended on three counters for 84.7% of turnover

Signal

4,232.85 rose 0.10% and 9,331.91 0.35%; ten counters advanced against seven decliners.

Why it matters

NMB, TPCC and CRDB supplied 84.7% of TZS 7.247bn equity turnover.

What to watch

The 17 August close tests whether value broadens before NMB's subdivision timetable begins.

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

Turnover distribution

Positive breadth still met a concentrated pool of money

Signal

4,232.85 rose 0.10% and 9,331.91 0.35%; NMB, TPCC and CRDB supplied 84.7% of turnover.

Why it matters

Ten counters advanced against seven decliners, but all other counters shared 15.3% of traded value.

What to watch

The 17 August close tests whether a wider set of counters attracts value.

Power completion boundary

JNHPP completion shifts the test from construction to utilisation

Signal

The Ministry records all nine 2,115 MW units complete; formal inauguration is reported for 22 August.

Why it matters

Completed capacity is not yet evidence of dispatch, transmission or productive demand.

What to watch

Post-inauguration dispatch and transmission data remain undated checkpoints.

Source: Ministry of Energy and open-source reporting · published 2026-08-16

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Treasury-bill curve

Auction 1204 kept the verified bill curve upward sloping

Signal

Weighted-average yields ran from 2.1276% at 35 days to 6.7441% at 364 days.

Why it matters

Each tenor is an official auction observation; the curve alone does not establish a policy shift.

What to watch

The 19 August 15-year reopening is the next dated government-securities test.

External account

Gold exports outpaced total export growth in the July MER

Signal

In the year to June, gold exports grew 36.4% and total goods and services exports 17.2%.

Why it matters

The same report records US$5.6735bn of reserves and 4.4 months of projected import cover.

What to watch

The next MER release is not yet dated; no June observation is rolled forward.

The Ghost · edition context

The model-book allocation read

The Ghost's hypothetical model ledger is +9.21% since inception at its 14 Aug mark. Turnover distribution, the bill curve and dated implementation tests update the observable terrain, not trades.

Open the current Ghost tracker →

What this edition watched

  1. DSE breadth and turnover distribution

    Friday's positive breadth still left 84.7% of equity turnover in three counters.

    after the 17 Aug session

  2. SADC summit communiqué

    The official summit theme is an agenda; implementation language remains the evidence test.

    17 Aug 2026, when published

  3. Bank of Tanzania 15-year bond reopening

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

    19 Aug 2026

  4. NMB share-subdivision sequence

    The retained issuer notice separates the last cum-split day, suspension and adjusted resumption.

    19 to 24 Aug 2026

  5. JNHPP formal inauguration

    The next test is operating evidence after the ceremony, not the capacity headline alone.

    22 Aug 2026, as reported

Information and education only. Not investment advice, a forecast or a recommendation. Market figures reconcile to the verified 14 August 2026 DSE close; other observations retain their own source dates.