Tanzania Share Index 9,207.32 ▲ 0.41%USD / TZS 2,643.54BoT rate 6.25%Inflation 4.2% 10 Aug 2026 verified close
Tanzania Intelligence

The Brief

Vol. I · No. 223
Tuesday, 11 August 2026
Verified closeDSE · BoT · frozen to the covered session10 Aug 2026 verified close

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 Monday, 10 August 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.


DSE All-Share
4,184.91▲ 0.04%
DSEI · 10 Aug close · latest verified
Tanzania Share Index
9,207.32
TSI · 10 Aug · domestic
USD / TZS
2,643.54
BoT mean · 11 Aug sheet
BoT rate
6.25%
CBR · Q3 2026
91-day T-bill
3.49%
BoT WAR · latest auction
364-day T-bill
6.28%
BoT WAR · latest auction
Inflation
4.2%
NBS · July 2026 headline
Today in 60 seconds
  1. Inflation rose to 4.2%; transport remained the pressure point
  2. Transport stood above the regional and domestic inflation readings
  3. Both headline indices advanced, led by the domestic-only gauge
WatchDSE direction and turnover distributionafter the 11 Aug session
Read the full Brief ↓

Did the domestic market and the headline index move together or apart over the covered quarter?

The domestic market against the headline index

Cumulative TSI return minus cumulative DSEI return · frozen at the 2026-08-10 covered session

-0.56 ppCurrent spread+1.69 ppHighest spread-1.89 ppLowest spread
Coverage 2026-05-13 → 2026-08-10 Vintage 2026-08-10 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateRelationshipCumulative gap (pp)
2026-05-13Cumulative TSI minus DSEI0
2026-05-14Cumulative TSI minus DSEI-0.28
2026-05-15Cumulative TSI minus DSEI-0.32
2026-05-18Cumulative TSI minus DSEI-0.19
2026-05-19Cumulative TSI minus DSEI-0.15
2026-05-20Cumulative TSI minus DSEI-0.03
2026-05-21Cumulative TSI minus DSEI0.25
2026-05-22Cumulative TSI minus DSEI0.29
2026-05-25Cumulative TSI minus DSEI0.83
2026-05-26Cumulative TSI minus DSEI1
2026-05-28Cumulative TSI minus DSEI1.29
2026-05-29Cumulative TSI minus DSEI1.2
2026-06-01Cumulative TSI minus DSEI1.31
2026-06-02Cumulative TSI minus DSEI1.65
2026-06-03Cumulative TSI minus DSEI1.4
2026-06-04Cumulative TSI minus DSEI1.51
2026-06-05Cumulative TSI minus DSEI1.69
2026-06-08Cumulative TSI minus DSEI1.53
2026-06-09Cumulative TSI minus DSEI1.25
2026-06-10Cumulative TSI minus DSEI0.86
2026-06-11Cumulative TSI minus DSEI0.67
2026-06-12Cumulative TSI minus DSEI0.34
2026-06-15Cumulative TSI minus DSEI-0.05
2026-06-16Cumulative TSI minus DSEI0.1
2026-06-17Cumulative TSI minus DSEI0.01
2026-06-18Cumulative TSI minus DSEI-0.49
2026-06-19Cumulative TSI minus DSEI-0.37
2026-06-22Cumulative TSI minus DSEI0.02
2026-06-23Cumulative TSI minus DSEI-0.19
2026-06-24Cumulative TSI minus DSEI-0.29
2026-06-25Cumulative TSI minus DSEI-1.26
2026-06-26Cumulative TSI minus DSEI-1.83
2026-06-29Cumulative TSI minus DSEI-1.89
2026-06-30Cumulative TSI minus DSEI-1.61
2026-07-01Cumulative TSI minus DSEI-0.89
2026-07-02Cumulative TSI minus DSEI-1.1
2026-07-03Cumulative TSI minus DSEI-0.8
2026-07-06Cumulative TSI minus DSEI-0.63
2026-07-08Cumulative TSI minus DSEI-0.86
2026-07-09Cumulative TSI minus DSEI-0.85
2026-07-10Cumulative TSI minus DSEI-0.84
2026-07-13Cumulative TSI minus DSEI-0.86
2026-07-14Cumulative TSI minus DSEI-1.06
2026-07-15Cumulative TSI minus DSEI-0.89
2026-07-16Cumulative TSI minus DSEI-1.1
2026-07-17Cumulative TSI minus DSEI-0.99
2026-07-20Cumulative TSI minus DSEI-0.96
2026-07-21Cumulative TSI minus DSEI-0.8
2026-07-22Cumulative TSI minus DSEI-0.71
2026-07-23Cumulative TSI minus DSEI-0.61
2026-07-24Cumulative TSI minus DSEI-1.71
2026-07-27Cumulative TSI minus DSEI-0.71
2026-07-28Cumulative TSI minus DSEI-0.32
2026-07-29Cumulative TSI minus DSEI-0.22
2026-07-30Cumulative TSI minus DSEI-0.24
2026-07-31Cumulative TSI minus DSEI-0.17
2026-08-03Cumulative TSI minus DSEI-0.26
2026-08-04Cumulative TSI minus DSEI-0.38
2026-08-05Cumulative TSI minus DSEI-0.6
2026-08-06Cumulative TSI minus DSEIN/A
2026-08-07Cumulative TSI minus DSEI-0.93
2026-08-10Cumulative TSI minus DSEI-0.56

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.

DSE Tape Check

Market breadth
Broad advance
11 rose, 5 fell
Advancers against decliners on the verified DSE close.
Turnover concentration
Block-driven
One name carried the tape
CRDB Bank was 76% of turnover; index moves overstate how broad the day really was.

Descriptive flags from the verified DSE close; not signals, predictions, or advice. The official close, fully broken down; After the Bell →

Inflation and market breadth

Inflation rose to 4.2%; transport remained the pressure point

Signal

July headline inflation reached 4.2% and transport 13.8%; 4,184.91 and 9,207.32 both advanced at the verified close.

Why it matters

Food inflation held at 4.1%, while CRDB and NMB supplied 93.7% of TZS 9.747bn equity turnover.

What to watch

The 12 August bill auction, the next DSE close and the 8 September inflation release test rates, breadth and persistence.

Source: National Bureau of Statistics, DSE and Bank of Tanzania · Edition 11 Aug 2026
Go deeper →
Inflation composition

Transport stood above the regional and domestic inflation readings

Signal

July inflation was 4.2% in Tanzania, 6.5% in Kenya and 4.0% in Uganda; Tanzania transport reached 13.8%.

Why it matters

Regional headlines add context, while Tanzania’s transport, food and core readings show the local composition; baskets remain distinct.

What to watch

The 8 September Tanzania release tests whether transport pressure broadens into core services or eases.

Source: National Bureau of Statistics · Edition 11 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
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Index direction

Both headline indices advanced, led by the domestic-only gauge

Signal

4,184.91 rose 0.04% and 9,207.32 0.41%; 11 counters advanced, six declined and eight did not trade.

Why it matters

Positive breadth was directionally constructive, but it did not show where the session’s money was concentrated.

What to watch

The next verified close tests whether both indices keep the same direction and whether inactive counters return.

Source: DSE · Edition 11 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
Money traded

CRDB and NMB carried 93.7% of the equity tape

Signal

CRDB supplied TZS 7.454bn and NMB TZS 1.682bn, or 93.7% combined, of TZS 9.747bn equity turnover.

Why it matters

Twenty counters traded, but the distribution of value remained far narrower than the participation count.

What to watch

The next verified session tests whether the two-bank share falls while traded-counter breadth holds.

Source: DSE · Edition 11 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
Short-end conditions

The interbank rate sat two basis points above the policy anchor

Signal

The seven-day interbank rate was 6.27% on 10 August, two basis points above the 6.25% CBR.

Why it matters

The overnight funding gauge sat close to the policy anchor; one observation does not establish a new rates regime.

What to watch

The 12 August bill auction is the next dated short-end test; auction yields remain separate from the fitted curve.

Source: Bank of Tanzania · Edition 11 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
The Ghost

The model book

The Ghost’s hypothetical TZS 500m model ledger is +8.82% since inception at its 10 Aug mark. Inflation composition, positive breadth 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 →
Week ahead; what to watch
WhenEventWhy it matters
after the 11 Aug sessionDSE direction and turnover distributionThe 10 August close lifted both indices, while CRDB and NMB supplied 93.7% of equity turnover.
12 Aug 2026Bank of Tanzania Treasury-bill auctionThe official schedule provides a new short-end rates test; auction results remain distinct from fitted curve points.
8 Sep 2026Next Tanzania inflation releaseJuly transport inflation reached 13.8%; the next release tests whether that pressure broadens or eases.
next BoT Monthly Economic Review · date not announcedNext official private-credit publicationJune private-credit growth was 28.1%; the next report tests persistence and sector distribution.
next official releasePrimary instruments behind new policy and project reportsThe Wire handoff carried secondary claims on financing, facilitation and projects without complete governing mechanics.
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Compiled from public sources for information and education only; not investment advice, a forecast or a recommendation. Equity, index, breadth, mover and turnover figures reconcile to the DSE verified close (10 Aug 2026). July inflation and the regional comparison come from National Bureau of Statistics releases dated 10 August; national baskets remain distinct. The 11 August USD/TZS mean, the 10 August seven-day IBCM observation, the Q3 2026 CBR and the 12 August auction schedule are separately dated Bank of Tanzania records. The current Wire handoff was read first; its two primary-grade candidates belonged to the same NBS July inflation release family and are reflected in the inflation story. Secondary claims about financing, facilitation and projects were not promoted without complete primary mechanics. Auction observations are not blended with fitted sovereign-curve points. No foreign-flow split or same-day 11 August DSE close is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.

Archive; past editions59
Share prices rose, but the gains were unevenMonday, 12 October 2026Friday’s rise left share prices lower for the weekSaturday, 10 October 2026Share-price measures fell on a quieter trading dayFriday, 9 October 2026Share-price measures fell as more money changed handsThursday, 8 October 2026Share-price measures rose as less money changed handsWednesday, 7 October 2026Share-price measures fell while trading value barely changedTuesday, 6 October 2026More money traded in shares as both price indices fellMonday, 5 October 2026Domestic shares fell faster than the wider marketSaturday, 3 October 2026Share trading slowed as both price indices fellFriday, 2 October 2026Share trading rose as both price indices edged higherThursday, 1 October 2026More money traded in shares while both indices fellWednesday, 30 September 2026Both share indices fell as trading value roseTuesday, 29 September 2026Share prices rose, but two banks carried most trading valueMonday, 28 September 2026Can the share-price rise hold across more of the market?Sunday, 27 September 2026Domestic shares rose faster than the wider marketSaturday, 26 September 2026Share indices rose, while two banks carried most trading valueFriday, 25 September 2026Share-price measures fell; two banks carried most trading moneyThursday, 24 September 2026Shares rose, but one bank carried most trading valueWednesday, 23 September 2026Share prices rose, and more traded companies advanced than declinedTuesday, 22 September 2026Share indices fell, with most trading in two banksMonday, 21 September 2026Wednesday tests borrowing costs after a weaker share-trading weekSunday, 20 September 2026Shares fell as less money changed handsSaturday, 19 September 2026Share indices fell as NMB dominated tradingFriday, 18 September 2026Both indices fell as trading stayed narrowThursday, 17 September 2026Indices split, trading stayed concentratedWednesday, 16 September 2026Indices rose, trading stayed narrowTuesday, 15 September 2026Friday gains, concentrated tradingMonday, 14 September 2026Will trading value catch up with rising indices?Sunday, 13 September 2026Share indices rose as less money changed handsSaturday, 12 September 2026Both main indices rose as two banks carried most tradingFriday, 11 September 2026Both main indices rose as equity turnover fell by halfThursday, 10 September 2026The broad index fell while domestic shares edged higherWednesday, 9 September 2026Both main indices rose again, while two banks carried most trading valueTuesday, 8 September 2026Both main indices rose, but two banks still carried most trading valueMonday, 7 September 2026Index direction, trading breadth and Wednesday's bill auction set the next testsSunday, 6 September 2026The broad market rose while Tanzania-listed shares ended lowerSaturday, 5 September 2026CRDB supplied more than three quarters of Thursday's equity turnoverFriday, 4 September 2026Wednesday's DSE close combined a higher DSEI with a lower TSIThursday, 3 September 2026Tuesday's indices weakened while NMB carried most trading valueWednesday, 2 September 2026Monday eased while one bank carried most trading valueTuesday, 1 September 2026Friday rose, but one bank still carried most trading valueMonday, 31 August 2026Comparability, liquidity breadth and Wednesday's bond auction set the next evidence testsSunday, 30 August 2026Index returns stayed unavailable as Friday liquidity remained concentratedSaturday, 29 August 2026DSE index returns went unavailable as NMB carried 89.8% of turnoverFriday, 28 August 2026Mobile access widened as the verified tape strengthened and bill yields fellThursday, 27 August 2026Swissport’s cash conversion strengthened while DSE index returns remained unavailableWednesday, 26 August 2026The DSE scale changed while the underlying equity tape remained activeTuesday, 25 August 2026The DSE indices eased as CRDB carried most verified turnoverMonday, 24 August 2026A split index tape, lighter Friday liquidity and stable FX set up the next evidence testsSunday, 23 August 2026The All-Share rose, the domestic tape slipped and liquidity thinned into FridaySaturday, 22 August 2026DSEI edged up as CRDB led the verified turnover poolFriday, 21 August 2026DSEI rose as NMB carried 59.2% of turnoverThursday, 20 August 2026Friday's wider advance still depended on three counters for 84.7% of turnoverMonday, 17 August 2026NMB mechanics and a long-bond auction turn last week's gains into tests of market depthSunday, 16 August 2026Both indices rose, but five-session turnover still depended on a few namesSaturday, 15 August 2026Both headline indices accelerated; NMB still carried 66.1% of turnoverFriday, 14 August 2026Both headline indices advanced; NMB still carried 72.5% of turnoverThursday, 13 August 2026Both headline indices fell; two banks still carried 87.6% of turnoverWednesday, 12 August 2026An official curve arrives; market depth is the testMonday, 10 August 2026