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Permanent edition · Vol. I · No. 235

The Brief

Tuesday, 25 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

1,364.03

As at DSEI · 24 Aug close · return unavailable

Tanzania Share Index

2,283.15

As at TSI · 24 Aug close · return unavailable

USD / TZS

2,643.52

As at BoT mean · 25 Aug sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.2%

As at NBS · July 2026 headline

This edition in 60 seconds

  1. 01The DSE scale changed while the underlying equity tape remained active
  2. 02NMB and CRDB carried most of the verified turnover
  3. 03The latest BoT bill curve remained positively sloped

Verified levels, unavailable returns and concentrated activity

The DSE scale changed while the underlying equity tape remained active

Signal

1,364.03 and 2,283.15 are official, but their cross-session returns are unavailable across the unexplained scale break.

Why it matters

Turnover reached TZS 7.725bn; 9 counters rose, 7 fell, and NMB plus CRDB supplied 83.4% of value.

What to watch

A DSE methodology notice or another verified row is needed before index returns become comparable.

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

Equity participation

NMB and CRDB carried most of the verified turnover

Signal

Twenty-one counters traded as equity turnover reached TZS 7.725bn on 24 August.

Why it matters

NMB supplied 55.1% of value and CRDB 28.3%, while 9 counters advanced and 7 declined.

What to watch

The next verified close tests whether activity spreads beyond the two leading banks.

Government securities

The latest BoT bill curve remained positively sloped

Signal

Auction 1204 recorded 3.439% for 91-day bills and 6.7441% for 364-day bills.

Why it matters

The 364-day yield stood above the 6.25% CBR, while the 91-day yield remained below it.

What to watch

The next official auction tests whether the short end and one-year yield retain this spacing.

Foreign exchange

USD/TZS remained in the lower half of its recent observed range

Signal

The BoT mean was TZS 2,643.52 per USD, 37.1% through the recent 30-observation range.

Why it matters

The latest reading remained closer to the recent low than the high. The one-month change was minus 0.14%. This is an observed window, not an official trading band or a forecast.

What to watch

Only the next dated BoT observation can advance the Brief’s FX publication clock.

The Ghost · edition context

The model-book allocation read

The Ghost’s hypothetical model ledger is -8.38% since inception at its 2026-08-24 mark. The unresolved index scale break and concentrated turnover require caution when reading the surrounding market terrain.

Open the current Ghost tracker →

What this edition watched

  1. DSE index methodology

    Determines when DSEI and TSI returns can be compared across the scale break.

    At the next official notice or verified close

  2. 25 Aug DSE close

    Tests whether turnover broadens beyond NMB and CRDB.

    After official DSE publication

  3. Next BoT bill auction

    Tests whether the short end and 364-day yield retain their current spacing around the CBR.

    At the next dated official result

  4. BoT FX observation

    Advances USD/TZS only through the governed publication clock.

    Next official dated observation

Information and education only, not advice or a forecast. Market figures cover the DSE verified close of 24 Aug 2026. Other observations retain their own source dates.