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DSEI4,589.39−0.61%DSETSI10,092.31−0.89%DSEUSD/TZS2,631.99+0.02%ProvisionalBoT364-DAY BILL6.28%−1 bpBoTCPI4.3% y/y0.0 ppNBS
KCP.

The Brief · Wednesday, 14 October 2026 · Vol. I · No. 283

Share-price measures fell; trading stayed concentrated

The main share-price measures fell on Tuesday. Most of the money traded went through CRDB and NMB.

Covers 13 Oct 2026 verified close · Published 2026-10-14 · Read the lead · Soma kwa Kiswahili

The edition’s key figures

This edition in 60 seconds

  1. Market recordShare-price measures fell; trading stayed concentratedRead →
  2. Capital recordAcross Tanzania’s marketsRead →
  3. Tuesday’s verified closeTwo banks accounted for most share tradingRead →
  4. Dollar referenceA reference rate is not a customer exchange offerRead →

The lead · 13 Oct 2026 verified close

Share-price measures fell; trading stayed concentrated

Signal

The main share-price measures fell on Tuesday. Most of the money traded went through CRDB and NMB.

The evidence

DSEI, the All-Share index, closed at 4,589.39, down 0.61%. TSI, the domestic index, closed at 10,092.31, down 0.89%, on 13 October.

What to watch

An index combines share-price changes with unequal weights. Trading concentration measures where money changed hands, not why.

Close anatomy · 2026-10-13

Was the session’s fall broadly shared?

How widely did prices move?

5 rose · 10 fell

5 rose · 10 fell · 6 unchanged

21 of 28 listed shares traded; 7 had no trades.

DSE · 2026-10-13

Where did the money trade?

95.0% in three shares

CRDB 70.5% · NMB 23.1% · VODA 1.4% · Others 5.0%

Share of equity turnover: TZS 3.22bn.

DSE · 2026-10-13
Largest rises
MUCOBA+6.49%
MKCB+2.88%
AFRIPRISE+1.39%
Largest falls, traded shares
JATU-14.81%
PAL-4.92%
DSE-2.18%

Index anatomy · Consecutive closes

Which shares explain the gap?

12 Oct 2026 to 13 Oct 2026. KCP market-cap decomposition, reconciled to the official index gap.

Index change · %

TSI · domestic−0.89%
DSEI · all−0.61%
−0.28 ppDomestic shares underperformed the full listed market.

Contribution to the index gap · pp

CRDB−0.15
NMB−0.11
TCC−0.02
Others, net−0.00
Official index gap−0.28 pp

CRDB, NMB, TCC have the largest absolute contributions, including offsetting effects. This is not a valuation judgment.

Method and limits

Domestic names: cap change divided by starting domestic cap, minus cap change divided by starting all-market cap. Cross-listed names: subtract the all-market component. KCP checks every company, the implied share basis and each cap-total/index relationship at every retained verified close in the period. This is not official DSE company attribution. Turnover does not enter the calculation. Incompatible basis changes withhold the calculation.

Contributions are rounded; small unallocated residual: -0.000129 pp. No balancing adjustment is applied.

Coverage: 28 companies. KCP classification dated 2026-09-03.

All contributions, percentage points
Sharepp
AFRIPRISE0.001646
CRDB-0.147261
DCB-0.001071
DSE-0.003766
EABL0.000000
JATU-0.000891
JHL0.000000
KA0.000000
KCB0.000000
MBP-0.001015
MCB0.001387
MKCB0.002921
MUCOBA0.000913
NICO-0.000699
NMB-0.112766
NMG0.000000
PAL-0.002706
SWALA0.000000
SWIS0.000000
TBL0.000000
TCC-0.015787
TCCL0.000000
TOL-0.001940
TPCC0.002030
TTP0.000000
USL0.000000
VODA0.000000
YETU0.000000

Capital System Pulse

Across Tanzania’s markets

Six readings, each with its own date. Price and NAV changes do not establish capital flows.

Which ETF grew faster?

IEACLC +10.7%

DSE closing-price change, 2026-07-13 to 2026-10-13. VIS −4.5%. Not total return.

Tuesday’s verified close

Two banks accounted for most share trading

Signal

Most of Tuesday’s share trading went through two banks. That concentration does not explain why share prices fell.

Evidence

CRDB and NMB accounted for 93.6% of TZS 3.22 billion traded on 13 October. Amounts are rounded; funds are excluded.

What to watch

The next verified close will show whether trading spreads beyond the two banks. Traded value does not count investors.

Dollar reference

A reference rate is not a customer exchange offer

Signal

The central bank’s dollar reference edged higher. A higher number means more shillings per dollar, before customer charges.

Why it matters

Bank of Tanzania’s 14 October provisional mean is TZS 2,631.99 per US dollar, rounded. The 13 October finalized mean was TZS 2,631.43.

What to watch

The finalized sheet will test today’s provisional figure. Customer rates and fees can differ from this indicative reference.

Opportunity Wire

Student-loan funding proposal still needs approval

Signal

Daily News reports a plan to borrow for student loans through an education bond. A bond is debt that must be repaid.

Why it matters

The Higher Education Students’ Loans Board aims to raise about TZS 4 trillion. Legal review and regulatory approval remain pending.

What to watch

The report gives a conditional two-to-three-year horizon, not an offer date. Approval and final terms would clarify the proposal.

What to watch

The next tests, without prediction

  1. Next verified DSE close

    Shows whether share-price changes and trading concentration persist.

    Next official session; publication time unconfirmed

  2. Finalized Bank of Tanzania dollar sheet

    Tests the provisional 14 October reference without treating it as a customer quote.

    No confirmed publication time

  3. Education-bond approval and final terms

    Distinguishes a financing proposal from approved borrowing.

    No confirmed offer date

Editor’s note

I keep Tuesday’s share-price decline separate from the concentration of trading. Neither tells me why investors traded. I have left out foreign-flow figures because a reconciled participation measure is unavailable. The dollar reference remains provisional. I treat the education bond as a reported proposal, not approved borrowing or money received.

Information and education only, not advice or a forecast. DSE close: 13 October 2026. Other observations retain their own source dates.