DSE All-Share
4,602.26
As at DSEI · 18 Sep close
Permanent edition · Vol. I · No. 261
The Brief
Sunday, 20 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.
Tanzania Share Index
10,166.24
As at TSI · 18 Sep close
USD / TZS
2,641.20
As at BoT mean · 20 Sep sheet
BoT rate
6.25%
As at Central Bank Rate · Q3 2026
This edition in 60 seconds
- 01Wednesday tests borrowing costs after a weaker share-trading week
- 02What will Wednesday reveal about borrowing costs?
- 03Can the next price move extend beyond a few sectors?
The week ahead
Wednesday tests borrowing costs after a weaker share-trading week
Signal
Government borrowing costs face a test on Wednesday. Share trading enters the week after prices and activity fell.
Why it matters
Friday's Dar es Salaam Stock Exchange close: all-share DSEI 4,602.26; domestic-company TSI 10,166.24. Indexes summarise share prices.
What to watch
The 23 September bill auction, the next full trading week and a dated railway follow-up are separate tests.
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 18 Sep 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Government borrowing
What will Wednesday reveal about borrowing costs?
Signal
The government plans to borrow short-term on 23 September. The last 364-day bill yield was 6.47%, on 9 September.
Why it matters
Yield is annual return implied by price. A new auction reprices government borrowing; it does not promise savers that return after costs.
What to watch
Official results at each maturity will show whether yields rose or fell. The calendar remains subject to amendment.
Share prices
Can the next price move extend beyond a few sectors?
Signal
Domestic-company share prices fell more than the wider market. Their index lost 2.25%, versus 1.20%, from 11 to 18 September.
Why it matters
Banks and finance fell 4.32%; services rose 9.22%. A broad index hides these differences and says nothing about investor motives.
What to watch
The next full week can show whether sectors move together. A headline rise alone would not establish broad participation.
Source: DSE official index endpoints, 11 and 18 September. Change = last / first minus one; percentages rounded in prose. · first seen 2026-09-20
Go deeper →Trading activity
Will more money change hands across the market?
Signal
Less money changed hands in shares last week. Trading totalled 53.054 billion shillings, down 13.12% from the previous week.
Why it matters
Trading value, or turnover, counts completed exchanges. It is not new capital raised, and a larger total need not involve more companies.
What to watch
Compare the next five verified sessions with 14 to 18 September, then check how trading spreads across companies.
Source: DSE Daily Market Reports, 7 to 18 September. Daily equity totals summed in TZS million, divided by 1,000; prose rounds to three decimals. · first seen 2026-09-20
Go deeper →Opportunity Wire
Rail land preparation needs a dated next step
Signal
Tanzania's railway agency reports land acquisition for Tabora to Kigoma. Its 19 September update names no new funding.
Why it matters
Land clearance enables construction access. The update discloses neither a compensation budget nor a completion date.
What to watch
A dated compensation or construction update would clarify progress. No follow-up date is announced.
Source: trc.co.tz · published 2026-09-19
Go deeper →The Ghost · edition context
The model-book allocation read
Hypothetical Ghost: +17.06% since inception, marked 18 September. Contributions are separate from performance; not a real portfolio.
Open the current Ghost tracker →What this edition watched
Treasury-bill auction
Results compare borrowing costs at matching maturities. The calendar may be amended; outcomes are unknown.
23 September, scheduled by Bank of Tanzania
Share prices and trading value
A complete verified week can distinguish a price move from wider trading. No future close is assumed.
21 to 25 September, normal trading-week window
Bank of Tanzania currency sheet
A higher shilling quote per US dollar means more shillings for that dollar. Customer rates and fees differ.
Next dated official observation; date not announced
Tabora to Kigoma land preparation
A budget or completion timetable would clarify the reported progress. The existing update supplies neither.
Next TRC disclosure; date not announced
Information and education, not advice or a solicitation. Verified close (18 Sep 2026). Weekly index endpoints: 11 and 18 September; equity trading: 14 to 18 September. FX strip: provisional BoT sheet, 20 September, rounded to two decimals. Future events may change; no outcomes are forecast. Live updates: Markets.