A daily reading of Tanzania’s markets, capital and policy, with regional and global forces when they materially change the read. Information and education, never advice.
The Brief is written the morning after the market closes. This edition analyses Thursday, 30 July 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.
Did the domestic market and the headline index move together or apart over the covered quarter?
Cumulative TSI return minus cumulative DSEI return · frozen at the 2026-07-30 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-07-30-6bdd2c27c5f6
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-04 | Cumulative TSI minus DSEI | 0 |
| 2026-05-05 | Cumulative TSI minus DSEI | -0.26 |
| 2026-05-06 | Cumulative TSI minus DSEI | -0.54 |
| 2026-05-07 | Cumulative TSI minus DSEI | -0.8 |
| 2026-05-08 | Cumulative TSI minus DSEI | -0.58 |
| 2026-05-11 | Cumulative TSI minus DSEI | -0.1 |
| 2026-05-12 | Cumulative TSI minus DSEI | -0.38 |
| 2026-05-13 | Cumulative TSI minus DSEI | -0.21 |
| 2026-05-14 | Cumulative TSI minus DSEI | -0.49 |
| 2026-05-15 | Cumulative TSI minus DSEI | -0.52 |
| 2026-05-18 | Cumulative TSI minus DSEI | -0.4 |
| 2026-05-19 | Cumulative TSI minus DSEI | -0.36 |
| 2026-05-20 | Cumulative TSI minus DSEI | -0.23 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.04 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.08 |
| 2026-05-25 | Cumulative TSI minus DSEI | 0.62 |
| 2026-05-26 | Cumulative TSI minus DSEI | 0.79 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.08 |
| 2026-05-29 | Cumulative TSI minus DSEI | 0.99 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.1 |
| 2026-06-02 | Cumulative TSI minus DSEI | 1.44 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.19 |
| 2026-06-04 | Cumulative TSI minus DSEI | 1.3 |
| 2026-06-05 | Cumulative TSI minus DSEI | 1.48 |
| 2026-06-08 | Cumulative TSI minus DSEI | 1.32 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.04 |
| 2026-06-10 | Cumulative TSI minus DSEI | 0.65 |
| 2026-06-11 | Cumulative TSI minus DSEI | 0.46 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.13 |
| 2026-06-15 | Cumulative TSI minus DSEI | -0.26 |
| 2026-06-16 | Cumulative TSI minus DSEI | -0.11 |
| 2026-06-17 | Cumulative TSI minus DSEI | -0.2 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.7 |
| 2026-06-19 | Cumulative TSI minus DSEI | -0.57 |
| 2026-06-22 | Cumulative TSI minus DSEI | -0.19 |
| 2026-06-23 | Cumulative TSI minus DSEI | -0.4 |
| 2026-06-24 | Cumulative TSI minus DSEI | -0.5 |
| 2026-06-25 | Cumulative TSI minus DSEI | -1.47 |
| 2026-06-26 | Cumulative TSI minus DSEI | -2.03 |
| 2026-06-29 | Cumulative TSI minus DSEI | -2.1 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.82 |
| 2026-07-01 | Cumulative TSI minus DSEI | -1.1 |
| 2026-07-02 | Cumulative TSI minus DSEI | -1.31 |
| 2026-07-03 | Cumulative TSI minus DSEI | -1.01 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.84 |
| 2026-07-08 | Cumulative TSI minus DSEI | -1.07 |
| 2026-07-09 | Cumulative TSI minus DSEI | -1.06 |
| 2026-07-10 | Cumulative TSI minus DSEI | -1.05 |
| 2026-07-13 | Cumulative TSI minus DSEI | -1.07 |
| 2026-07-14 | Cumulative TSI minus DSEI | -1.27 |
| 2026-07-15 | Cumulative TSI minus DSEI | -1.1 |
| 2026-07-16 | Cumulative TSI minus DSEI | -1.3 |
| 2026-07-17 | Cumulative TSI minus DSEI | -1.2 |
| 2026-07-20 | Cumulative TSI minus DSEI | -1.17 |
| 2026-07-21 | Cumulative TSI minus DSEI | -1.01 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.92 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.81 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.92 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.92 |
| 2026-07-28 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-29 | Cumulative TSI minus DSEI | -0.43 |
| 2026-07-30 | Cumulative TSI minus DSEI | -0.45 |
2026-07-30-6bdd2c27c5f6 · revision log →dse-daily-market-indicescumulative-excess-return; cumulative sum(TSI session return minus DSEI session return)Read: Above zero means the domestic index led. Below zero means the all-share led. A flat line near zero means their paths were similar.
Index scope differs. The measure adds only sessions with comparable published returns and is not a portfolio return. The excluded session remains disclosed in the values table.
Descriptive flags from the verified DSE close; not signals, predictions, or advice. The official close, fully broken down; After the Bell →
4,194.87 rose 0.52% and 9,218.54 0.50%; turnover was TZS 6.45bn, with NMB and CRDB supplying 84.1%.
Fifteen counters fell and only six rose, so positive indices still rested on narrow funded participation.
Whether Friday's close gains breadth and value spreads beyond NMB and CRDB.
H1 PAT rose 13.2% to TZS 405.766bn; loans rose 8.6%, deposits 1.0% and the NPL ratio eased to 2.5%.
Net interest and fee income grew, but interest expense rose 36%; Q1 plus Q2 also differs from printed H1 by TZS 8m.
Funding costs, loan seasoning, deposit growth and whether returns stabilise after reported ROAA and ROAE eased.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
The rules extend mandatory e-payments; TIPS processed 651m transactions worth TZS 54.95tn in 2025.
Formal rails can widen fee and float pools, but interoperability, security, rural access and acceptance remain the execution test.
Implementation scope, merchant coverage and the next verified transaction-volume disclosure.
The plan says Tanzania produces about 40% of a 732,000-tonne need and requires about TZS 959bn over ten years.
It targets import substitution, but the financing requirement is not committed capital and instruments remain unspecified.
Costed budget lines, private commitments, acreage baselines, tariff changes and enforceable milestones.
BoT's 31 July mean was TZS 2,649.75 per US dollar, 0.07% weaker than 30 July and 0.47% weaker than 24 July.
Both moves remain below half a per cent, so the latest sheets show mild weakening rather than a large break.
The next official BoT sheet and whether later observations extend beyond the current sub-half-percent move.
The Ghost's hypothetical TZS 500m model book is +8.89% since inception at its 30 Jul mark. NMB's first-half growth, faster funding costs and dominant session turnover are terrain for studying concentration and earnings quality, not trades.
Ghost relevance: how today’s rates, FX, gold and inflation read against a hypothetical model-book; educational, not advice.
Open the Ghost tracker → The terrain it reads →| When | Event | Why it matters |
|---|---|---|
| After today's session | 31 Jul DSE close | The next close tests whether the index advance gains breadth after only six names rose and NMB plus CRDB carried 84.1% of turnover. |
| Date unannounced | Next verified BoT T-bill result | Auction No. 1203 remains latest; the next posted result tests whether the 91-day yield remains about 290bp below the 6.25% CBR. |
| Implementation follow-up | Edible-oil strategy financing instruments | Costed lines, TADB facilities and private commitments are needed before the TZS 959bn requirement can be treated as mobilised capital. |
| 20 to 24 Aug 2026 | NMB share-subdivision window | The pause, register close and restart create an observable test of order count, spread and traded-value depth. |
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
Compiled from public sources for information and education only; not investment advice, and not a forecast. Equity and index figures reconcile to the DSE verified close (30 Jul 2026); rates and FX to BoT; inflation to NBS. The current Wire hand-off was read first: its NMB primary filing is included. Two duplicate Vodacom primary cards were deliberately omitted because the audited results were covered in the 30 Jul edition and supplied no distinct new fact. The electronic-payments and edible-oil stories use press-reported evidence and retain those limits. Foreign-flow data was unavailable in the official session snapshot and is omitted. For live levels see Markets.