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East Africa · investor market navigator

Four markets. One disciplined investor view.

Compare the regional signal, then open each market's country, company, ETF and financial-condition evidence. Every reading keeps its own source and clock.

01 · Cross-market signal

How have the four all-share indices moved?

Each index is rebased over the same 12 comparable months. Raw levels, differing perimeters and documented basis breaks are excluded.

Four markets, one KCP base-100 comparison.
All four current

DSEI headline level

4,658.31

Tanzania. DSE-listed equities. Current level and sparkline use the verified post-reset basis from 27 Aug 2026. The shared comparison ends 31 Jul 2026.

DSEI verified current-basis movement from 27 Aug 2026 through 11 Sep 2026. It is not joined to the pre-reset series.

USE ASI headline level

2,459.09

Uganda. USE-listed equities, including cross-listed securities.

USE ASI headline level: 15 recent observed values; latest 2,459.09
Official source

As at · Source: Mansa API

RSE ASI headline level

259.21

Rwanda. RSE-listed equities, including cross-listed securities.

RSE ASI headline level: 15 recent observed values; latest 259.21
Official source

As at · Source: Mansa API

KCP transformation

Comparable growth of 100 before the DSEI reset

A reading of 140 means the local-currency price index is 40% above its comparable starting level.

90110130150170Aug ’25Nov ’25Feb ’26Apr ’26Jul ’26DSEI162.5NASI137.8USE ASI153.5RSE ASI143.1
Comparable movement, without crossing index-basis breaks.

DSEI uses verified DSE history; regional lines use licensed Mansa data and NASI is reconciled to CBK. The comparison ends in July 2026, before DSEI's 26 Aug 2026 basis break.

Current headline availability

Only exact verified observations appear as current levels. Retained history stays in the comparison without being relabelled as current.

DSEI basis reset: The level from 26 Aug 2026 uses a new basis following NMB Bank's one-for-ten share subdivision. It is not a market return from the previous DSEI level.

Historical projection checked 2026-09-13T19:37:00+03:00.

Current source availability checked 2026-09-13T19:37:00+03:00.

Latest official headline equity index readings for Tanzania, Kenya, Uganda and Rwanda
MarketIndexLevelObservation dateOfficial source
TanzaniaDSE All Share Index (DSEI)4,658.3111 Sep 2026Dar es Salaam Stock Exchange; Daily Market Report (Key Market Indicators)
KenyaNSE All Share Index (NASI)247.5310 Sep 2026Central Bank of Kenya Weekly Bulletin
UgandaUSE All Share Index (USE ASI)2,459.098 Sep 2026Mansa API
RwandaRSE All Share Index (RSE ASI)259.218 Sep 2026Mansa API

Method: the latest comparable observation in each shared calendar month is retained, then each series is independently rebased to 100 at August 2025. These are price-index paths, not total returns or common-currency returns.

Regional histories: Data by MansaAPI. Kenya corroboration: Central Bank of Kenya Weekly Bulletin.

02 · Rates and prices

Three readings behind the regional return story.

Inflation shares one July 2026 reference month. Treasury bills and bonds show each market's latest verified auction, with dates and instrument definitions left visible.

East Africa inflation, 91-day Treasury bill yields and 10-year Treasury bond yields for Tanzania, Kenya, Uganda and Rwanda, including July inflation changes and source datesEast Africa inflation, 91-day Treasury bill yields and 10-year Treasury bond yields for Tanzania, Kenya, Uganda and Rwanda, including July inflation changes and source dates

Headline inflation

What changed

Inflation accelerated in all four markets. The largest monthly step was RW at +1.2 percentage points. Country changes: TZ +0.1pp, KE +0.1pp, UG +0.1pp, RW +1.2pp.

Why this matters to investors

For residents, businesses and diaspora supporting households, inflation is a purchasing-power and margin signal. Compare it with income growth and local asset returns before treating a nominal gain as a real gain.

91-day Treasury bills

What changed

This edition establishes the latest verified 91-day auction level. A prior like-for-like auction is not retained for all four markets, so direction remains unavailable rather than inferred.

Why this matters to investors

For savers and prospective investors, the 91-day yield frames the opportunity cost of cash. Taxes, market access and currency movement can materially change the return received by a diaspora or cross-border investor.

10-year Treasury bonds

What changed

This is a current yield map, not a like-for-like movement ranking. Prior designated issues and remaining maturities differ, so direction remains unavailable rather than inferred.

Why this matters to investors

For long-horizon investors, these yields frame sovereign funding conditions and local-currency hurdle rates. They are not interchangeable because remaining maturity, coupon, tax and foreign-exchange exposure differ.

Source dated, with no carry-forward. One 0% to 16% visual scale is used for three different measures. Bill conventions and auction dates remain independent. Bond reopenings retain their actual redemption dates, including Kenya's May 2032 maturity. Sources checked 13 Sep 2026. Inspect all 12 official source bindings.

04 · Country records

Open the market beneath the regional label.

Four live country nodes cover Tanzania, Kenya, Uganda and Rwanda. This remains an initial capital-market set, not a claim of complete East African Community coverage.

05 · Cross-border decision support

The East Africa banking lens.

First build · definition contract ready

Where do regional banking groups earn, fund, absorb risk and allocate capital?

Loading the source-bound banking comparison.
Inspect the nine comparison definitions
01

Total assets

Period-end consolidated or country-franchise assets, with perimeter explicit.

Translate only with a disclosed exact-period FX basis; otherwise compare growth r...
02

Customer deposits

Period-end customer deposits excluding interbank funding where the issuer separates it.

Match reporting period and consolidation perimeter.
03

Gross loans

Gross customer loans before impairment allowances.

Do not mix gross and net loan definitions.
04

Return on equity

Issuer-reported ROE with annualisation and average-equity basis disclosed.

Do not rank issuer-defined ROE when calculation bases differ.
05

Net interest margin

Net interest income relative to the issuer's disclosed earning-asset basis.

Denominator and annualisation method must match.
06

Cost-to-income

Operating expenses divided by operating income using the issuer's disclosed perimeter.

Flag exceptional items and accounting reclassifications.
07

Non-performing loan ratio

Non-performing loans divided by gross loans under the applicable prudential definition.

Country prudential definitions must be reconciled before comparison.
08

Capital adequacy

Total regulatory capital relative to risk-weighted assets.

Show the local regulatory minimum and buffer beside each observation.
09

Country earnings contribution

Country-franchise contribution to consolidated profit where the group reports it.

Keep eliminations and minority interests visible.
Methodology · comparison contractSix gates before one regional chart
  1. 01
    Measure

    Use the same economic concept, not similarly named labels.

  2. 02
    Perimeter

    Keep domestic, subsidiary, consolidated group and whole-sector records distinct.

  3. 03
    Period

    Match observation or reporting periods and preserve fiscal-year semantics.

  4. 04
    Unit

    Disclose native currency, translation basis, percentage denominator or rebasing method.

  5. 05
    Authority

    Use each jurisdiction's official or primary issuer record.

  6. 06
    Rights

    Display, download and reuse permissions attach to each source.

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