Skip to contentRuka hadi maudhui
KCP.KCP.

Permanent edition · Vol. I · No. 254

The Brief

Sunday, 13 September 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

4,658.31

As at DSEI · 11 Sep close · daily move

Tanzania Share Index

10,400.36

As at TSI · 11 Sep close · daily move

USD / TZS

2,638.16

As at BoT mean · 13 Sep sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.3%

As at NBS · August 2026 headline

This edition in 60 seconds

  1. 01Will trading value catch up with rising indices?
  2. 02Will domestic shares keep leading?
  3. 03Will trading value recover across five sessions?

The week ahead

Will trading value catch up with rising indices?

Signal

Friday close: DSEI 4,658.31, TSI 10,400.36.

Why it matters

Next week tests participation, not just prices.

What to watch

Five-session comparison: 18 September.

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

Index direction

Will domestic shares keep leading?

Signal

Both official share indices rose. DSEI gained 2.97% and TSI gained 5.84% from 4 to 11 September.

Why it matters

TSI tracks domestic listings. Its larger rise showed that the domestic market outpaced the broader index during this window.

What to watch

Compare both indices at each verified close.

Source: DSE official index endpoints, 4 and 11 September 2026 · first seen 2026-09-11

Go deeper

Trading value

Will trading value recover across five sessions?

Signal

Five sessions recorded TZS 61.068bn in traded shares. This was 29.31% below the preceding five-session week.

Why it matters

Higher indices did not mean more money changed hands. Traded shares recorded 42 advances, 33 declines and 28 unchanged observations. These count each company separately each day, not distinct companies.

What to watch

Compare five complete sessions on 18 September.

Source: DSE verified session records, 31 August to 11 September 2026 · first seen 2026-09-11

Go deeper

Government securities

Use the last auction as a same-tenor baseline

Signal

The 9 September auction reported annual yields of 2.29%, 3.42%, 4.92% and 6.47% across the four tenors.

Why it matters

Yield expresses income relative to price on an annual basis. The comparison spans different maturities; it is not four interchangeable products.

What to watch

Compare the next official result at the same tenor.

Currency

Watch whether the small shilling move persists

Signal

The BoT mean moved from TZS 2,638.9608 to 2,637.9658 per US dollar between the two Fridays. That was a 0.04% decline.

Why it matters

A lower USD/TZS quote means fewer shillings per dollar. This small reference-rate move is distinct from a bank customer’s actual conversion rate.

What to watch

Watch the next dated BoT sheet, not a forecast.

Prices

Keep inflation on its monthly clock

Signal

July to August: headline inflation 4.2% to 4.3%; food inflation 4.1% to 3.7%, year on year.

Why it matters

Food prices rose more slowly. They did not fall.

What to watch

Wait for the next monthly NBS release.

Source: NBS CPI, August 2026, released 8 September · first seen 2026-09-11

Go deeper

The Ghost · edition context

The model-book allocation read

Hypothetical Ghost: +16.89% since inception, marked 11 September.

Tape read: The model book reads this week as an accounting lesson shown from its second side. All five equity holdings rose between the 4 and 11 September verified closes and no savings were contributed, so the whole of the rise in hypothetical value is market P&L rather than a deposit. The domestic Tanzania Share Index rose 5.84% against the All-Share's 2.97%, the reverse of last week, because the same cross-listed names that lifted the broader index then fell now; index scope, not a new market fact. Breadth stayed even at 10 counters up and 10 down on 29% lower turnover, and the largest model-book equity allocation passed 20% of the book, which is why the terrain observation here is concentration rather than confirmation. Educational terrain observations only, never positions or recommendations.

Open the current Ghost tracker →

What this edition watched

  1. Trading value and participation

    Compare five complete sessions.

    Friday, 18 September

  2. Bill auction

    Compare the same maturity.

    Next official auction

Education only, not investment advice. Week ahead: 14 to 18 September. Verified close: 11 Sep 2026. Trading evidence: 7 to 11 September.