Market infrastructure
An official curve arrives; market depth is the test
SignalBoT’s 6 August curve spans six months to 25 years; 4,183.38 rose 0.14% while 9,169.71 fell 0.20% at the verified close.
Why it mattersThe new benchmark clarifies sovereign pricing, but 88.5% of TZS 5.26bn equity turnover remained in NMB and CRDB.
What to watchWhether issuers and traders use the curve, and whether the next DSE session spreads value beyond the two banks.
Source: Bank of Tanzania and DSE · Edition 10 Aug 2026
Go deeper →Sovereign benchmark
BoT’s fitted curve adds a reference; adoption remains unproven
SignalThe official fitted curve rises from 4.1894% at 0.5 years to 11.9854% at 25 years across 50 half-year points.
Why it mattersA published reference reduces pricing ambiguity; it does not prove secondary liquidity, issuance or the fitting method.
What to watchNext evidence: transparent trades or issuance using the curve; the next official curve run is not yet dated.
Source: Bank of Tanzania · Edition 10 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →Get the Daily Brief before the market opens.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
Information and education only. No advice. No noise. Unsubscribe anytime.
Index scope
DSEI rose while the domestic-only TSI fell
Signal4,183.38 rose 0.14% while 9,169.71 fell 0.20%; the two headline indices again moved in opposite directions.
Why it mattersAll-share and domestic-only gauges gave different directions, so the named index still determines what the headline means.
What to watchThe 10 August close tests whether the two indices reconverge and whether sector direction broadens.
Source: DSE · Edition 10 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →Money traded
NMB and CRDB carried 88.5% of session turnover
SignalNMB and CRDB supplied TZS 4.652bn, or 88.5%, of verified TZS 5.257bn turnover; 21 of 28 counters traded.
Why it mattersAdvancers led decliners nine to seven, but traded value remained far narrower than the count of moving counters.
What to watchWhether the next verified session lowers the two-bank share while keeping at least 21 counters active.
Source: DSE · Edition 10 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →Credit transmission
Private-credit growth accelerated while headline inflation eased
SignalJune private-credit growth reached 28.1%, from 23.2% in May; headline inflation eased to 4.0% and core rose to 3.7%.
Why it mattersCredit transmission strengthened without a headline-inflation break, but sector allocation and durability remain unresolved.
What to watchThe next official Monthly Economic Review tests persistence and whether credit growth broadens across productive sectors.
Source: Bank of Tanzania · Edition 10 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →The Ghost
The model book
The Ghost’s hypothetical TZS 500m model ledger is +8.40% since inception at its 7 Aug mark. The official curve, split indices and concentrated turnover update the observable terrain; 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 →