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Permanent edition · Vol. I · No. 269

The Brief

Monday, 28 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

4,682.13

As at DSEI · 25 Sep close · daily move

Tanzania Share Index

10,419.49

As at TSI · 25 Sep close · daily move

USD / TZS

2,646.23

As at BoT mean · 28 Sep sheet

Equity turnover

TZS 3.78bn

As at Share trading value · 25 Sep · rounded

USD / TZS in this edition: BoT mean · 28 Sep sheet. Source: Bank of Tanzania daily rates ↗

This edition in 60 seconds

  1. 01Share prices rose, but two banks carried most trading value
  2. 02NMB and CRDB carried 83.8% of Friday’s share trading
  3. 03The Bank of Tanzania’s dated dollar mean edged higher

Friday’s verified close

Share prices rose, but two banks carried most trading value

Signal

Share-price measures rose on Friday. NMB Bank and CRDB Bank handled more than eight in every ten shillings traded in shares.

Why it matters

DSE All-Share 4,682.13 (+0.51%); Tanzania Share Index 10,419.49 (+0.55%). The two banks carried 83.8% of TZS 3.78 billion in share trading. Trading value measures money exchanged, not investors.

What to watch

The next DSE report can show whether trading spreads across more companies. One session cannot establish a trend.

Source: Dar es Salaam Stock Exchange, 25 September daily market report and index endpoint · observed 2026-09-25

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Close anatomy

Was the market move broadly funded?

25 Sep 2026 verified close

10 of 15 moving counters advanced, while 90.2% of turnover passed through NMB, CRDB, VODA.

Market participation

10 up / 5 down

20 traded counters. Each lit segment is one counter; all three rails use the same scale.

Turnover concentration

90.2% top 3
NMB 50.3%CRDB 33.5%VODA 6.4%Other 9.8%

Largest verified moves

Not the full board
  • MUCOBA+11.11%
  • MBP+2.87%
  • CRDB+2.44%
  • DCB-4.55%
  • NICO-3.48%
  • NMG-3.33%

Source: Dar es Salaam Stock Exchange

Open this session's DSE report ↗

Index anatomy · Same week

Which shares opened the domestic lead?

The two index changes, then each company's contribution to the difference.

Index change · 18 to 25 September

TSI · domestic
+2.49%
DSEI · all
+1.74%
+0.76 ppDomestic shares gained more than the full listed market.

Contribution to the index gap

CRDB+0.38
NMB+0.34
VODA+0.15
Others, net−0.12
Net index gap+0.76 pp

Select a company to inspect its DSE filings.

CRDB and NMB explain most of the domestic lead. This is index arithmetic, not a finding that either share is attractively priced.

Method and limits

DSE weights these indices by market capitalisation. For each share, KCP takes the change in DSE reported market cap from 18 to 25 September and divides it by the starting cap of each applicable index. Domestic shares are in both; cross-listed shares are in DSEI. KCP's coverage roster supplies the classification. Turnover and the count of rising shares are separate measures and do not enter this calculation. A small residual reflects rounding in published figures.

Source: DSE daily reports, 18 and 25 September 2026. KCP calculation; displayed contributions rounded. 18 Sep ↗ 25 Sep ↗

Currency

The Bank of Tanzania’s dated dollar mean edged higher

Signal

The Bank of Tanzania lists TZS 2,646.23 per US dollar on 28 September, against TZS 2,645.45 on 25 September.

Why it matters

The figure is a published reference mean, not a customer conversion price. The 28 September observation is provisional.

What to watch

A later dated sheet can test whether the small change continues; none is available yet.

Source: Bank of Tanzania, daily indicative exchange-rate sheets dated 25 and 28 September · published 2026-09-28

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Urban infrastructure

Land and housing plan listed for Dar es Salaam project; funding unconfirmed

Signal

A World Bank Group listing describes a plan for people who may lose land or housing in a Dar es Salaam project.

Why it matters

The plan addresses people who could lose land or housing to planned works. The cited notice gives no financing approval, compensation amount or works contract.

What to watch

A financing decision, compensation budget or works award would show whether the project has moved beyond preparation.

Source: documents.worldbank.org · published 2026-09-27

Go deeper →

The Ghost · edition context

The model-book allocation read

The Ghost hypothetical model book showed +19.00% since inception at its 25 September mark. Later results are unavailable. Contributions are separate from performance; this is not a real portfolio.

Open the current Ghost tracker →

What this edition watched

  1. Next DSE share-trading report

    Tests whether the two-bank concentration persists.

    Next official session; date not yet published

  2. Next Bank of Tanzania currency sheet

    Shows whether the indicative USD/TZS mean changes from 28 September.

    Next dated sheet; timing not confirmed

  3. Urban-project financing and contracts

    A financing approval, compensation budget or works award would clarify implementation.

    No date in the cited notice

Information and education only, not advice or a forecast. DSE close: 25 September 2026. Other observations retain their own source dates.