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Permanent edition · Vol. I · No. 236

The Brief

Wednesday, 26 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 · 26 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. 01Swissport’s cash conversion strengthened while DSE index returns remained unavailable
  2. 02NMB and CRDB carried most of the latest verified turnover
  3. 03Swissport’s audited cash generation grew faster than earnings

Verified market levels and fresh operating evidence

Swissport’s cash conversion strengthened while DSE index returns remained unavailable

Signal

1,364.03 and 2,283.15 remain official levels for 24 August, while Swissport Tanzania reported 2025 operating cash flow growth of 81.0%.

Why it matters

The audited company filing adds fresh operating evidence beyond the exchange tape, but the DSE scale break still prevents a defensible cross-session index return.

What to watch

A DSE methodology notice or another comparable verified row is needed for index returns; Swissport’s next filing tests whether stronger cash conversion persists.

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 latest 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.

Issuer results

Swissport’s audited cash generation grew faster than earnings

Signal

Swissport Tanzania reported 2025 revenue of TZS 55.824bn, profit after tax of TZS 6.513bn and operating cash flow of TZS 18.864bn.

Why it matters

Revenue rose 9.4%, profit after tax increased 18.2%, and operating cash flow advanced 81.0%, making cash conversion the strongest disclosed change.

What to watch

The next issuer filing tests whether cash growth continues to exceed earnings growth and whether the improvement translates into durable operating capacity.

Source: Swissport Tanzania audited annual report 2025 · published 2026-08-25

Go deeper

Foreign exchange

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

Signal

The 26 August 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 +9.98% since inception at its 2026-08-24 mark. The unresolved index scale break and concentrated turnover require caution, while Swissport’s filing adds company operating evidence rather than a market forecast.

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. Next verified DSE close

    Tests whether turnover broadens beyond NMB and CRDB.

    After official DSE publication

  3. Swissport issuer evidence

    Tests whether stronger cash conversion persists beyond the 2025 result.

    At the next dated filing

  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.