KCP. USD/TZS 2,645
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
3.44%
BoT WAR · latest auction
364-day T-bill
6.74%
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-only and all-share indices tell the same story over the covered quarter?

The domestic market against the headline index

2026-05-11 = 100 · frozen at the 2026-08-10 covered session

+8.3%TSI · quarter+8.5%DSEI · quarter
Coverage 2026-05-11 → 2026-08-10 Vintage 2026-08-10 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateIndexRebasedRaw level
2026-05-11Tanzania Share Index1008,505.06
2026-05-12Tanzania Share Index99.98948,504.16
2026-05-13Tanzania Share Index99.56068,467.69
2026-05-14Tanzania Share Index98.96928,417.39
2026-05-15Tanzania Share Index98.87068,409
2026-05-18Tanzania Share Index99.3288,447.91
2026-05-19Tanzania Share Index99.47368,460.29
2026-05-20Tanzania Share Index99.19728,436.78
2026-05-21Tanzania Share Index100.24078,525.53
2026-05-22Tanzania Share Index100.6728,562.21
2026-05-25Tanzania Share Index102.41968,710.85
2026-05-26Tanzania Share Index103.06028,765.33
2026-05-28Tanzania Share Index103.29938,785.67
2026-05-29Tanzania Share Index103.16798,774.49
2026-06-01Tanzania Share Index103.6148,812.43
2026-06-02Tanzania Share Index104.2898,869.84
2026-06-03Tanzania Share Index103.83318,831.07
2026-06-04Tanzania Share Index104.18778,861.23
2026-06-05Tanzania Share Index103.63898,814.55
2026-06-08Tanzania Share Index103.67828,817.89
2026-06-09Tanzania Share Index103.21968,778.89
2026-06-10Tanzania Share Index102.6068,726.7
2026-06-11Tanzania Share Index101.60198,641.3
2026-06-12Tanzania Share Index101.04718,594.12
2026-06-15Tanzania Share Index99.95658,501.36
2026-06-16Tanzania Share Index101.048,593.51
2026-06-17Tanzania Share Index101.33578,618.66
2026-06-18Tanzania Share Index101.80998,658.99
2026-06-19Tanzania Share Index101.68688,648.52
2026-06-22Tanzania Share Index101.3888,623.11
2026-06-23Tanzania Share Index101.25888,612.12
2026-06-24Tanzania Share Index101.53658,635.74
2026-06-25Tanzania Share Index101.77918,656.37
2026-06-26Tanzania Share Index102.37938,707.42
2026-06-29Tanzania Share Index102.69628,734.37
2026-06-30Tanzania Share Index103.19868,777.1
2026-07-01Tanzania Share Index104.15698,858.61
2026-07-02Tanzania Share Index104.78438,911.97
2026-07-03Tanzania Share Index105.78518,997.09
2026-07-06Tanzania Share Index105.60418,981.69
2026-07-08Tanzania Share Index105.33868,959.11
2026-07-09Tanzania Share Index105.02648,932.56
2026-07-10Tanzania Share Index104.85848,918.27
2026-07-13Tanzania Share Index104.79168,912.59
2026-07-14Tanzania Share Index104.5688,893.57
2026-07-15Tanzania Share Index105.03168,933
2026-07-16Tanzania Share Index105.11738,940.29
2026-07-17Tanzania Share Index105.45868,969.32
2026-07-20Tanzania Share Index105.25898,952.33
2026-07-21Tanzania Share Index105.15438,943.44
2026-07-22Tanzania Share Index105.49668,972.55
2026-07-23Tanzania Share Index105.88219,005.34
2026-07-24Tanzania Share Index105.67848,988.01
2026-07-27Tanzania Share Index106.51859,059.46
2026-07-28Tanzania Share Index107.49949,142.89
2026-07-29Tanzania Share Index107.84849,172.57
2026-07-30Tanzania Share Index108.38899,218.54
2026-07-31Tanzania Share Index108.34949,215.18
2026-08-03Tanzania Share Index108.17299,200.17
2026-08-04Tanzania Share Index107.92569,179.14
2026-08-05Tanzania Share Index107.85469,173.1
2026-08-06Tanzania Share Index108.02569,187.64
2026-08-07Tanzania Share Index107.81489,169.71
2026-08-10Tanzania Share Index108.2579,207.32
2026-05-11DSE All Share1003,856.12
2026-05-12DSE All Share100.26353,866.28
2026-05-13DSE All Share99.66493,843.2
2026-05-14DSE All Share99.35323,831.18
2026-05-15DSE All Share99.28843,828.68
2026-05-18DSE All Share99.62633,841.71
2026-05-19DSE All Share99.72643,845.57
2026-05-20DSE All Share99.32813,830.21
2026-05-21DSE All Share100.09753,859.88
2026-05-22DSE All Share100.49093,875.05
2026-05-25DSE All Share101.69423,921.45
2026-05-26DSE All Share102.15763,939.32
2026-05-28DSE All Share102.09433,936.88
2026-05-29DSE All Share102.0583,935.48
2026-06-01DSE All Share102.38793,948.2
2026-06-02DSE All Share102.70713,960.51
2026-06-03DSE All Share102.51213,952.99
2026-06-04DSE All Share102.75563,962.38
2026-06-05DSE All Share102.02173,934.08
2026-06-08DSE All Share102.22243,941.82
2026-06-09DSE All Share102.06323,935.68
2026-06-10DSE All Share101.84853,927.4
2026-06-11DSE All Share101.05213,896.69
2026-06-12DSE All Share100.82783,888.04
2026-06-15DSE All Share100.13853,861.46
2026-06-16DSE All Share101.07153,897.44
2026-06-17DSE All Share101.45773,912.33
2026-06-18DSE All Share102.43773,950.12
2026-06-19DSE All Share102.1883,940.49
2026-06-22DSE All Share101.49663,913.83
2026-06-23DSE All Share101.57573,916.88
2026-06-24DSE All Share101.95713,931.59
2026-06-25DSE All Share103.19283,979.24
2026-06-26DSE All Share104.38244,025.11
2026-06-29DSE All Share104.76964,040.04
2026-06-30DSE All Share104.99674,048.8
2026-07-01DSE All Share105.21514,057.22
2026-07-02DSE All Share106.0684,090.11
2026-07-03DSE All Share106.75834,116.73
2026-07-06DSE All Share106.40074,102.94
2026-07-08DSE All Share106.37794,102.06
2026-07-09DSE All Share106.04554,089.24
2026-07-10DSE All Share105.86894,082.43
2026-07-13DSE All Share105.8234,080.66
2026-07-14DSE All Share105.80534,079.98
2026-07-15DSE All Share106.10024,091.35
2026-07-16DSE All Share106.40074,102.94
2026-07-17DSE All Share106.63524,111.98
2026-07-20DSE All Share106.39794,102.83
2026-07-21DSE All Share106.12144,092.17
2026-07-22DSE All Share106.3734,101.87
2026-07-23DSE All Share106.65234,112.64
2026-07-24DSE All Share107.62484,150.14
2026-07-27DSE All Share107.40674,141.73
2026-07-28DSE All Share107.96974,163.44
2026-07-29DSE All Share108.2214,173.13
2026-07-30DSE All Share108.78474,194.87
2026-07-31DSE All Share108.66914,190.41
2026-08-03DSE All Share108.58644,187.22
2026-08-04DSE All Share108.46894,182.69
2026-08-05DSE All Share108.63174,188.97
2026-08-06DSE All Share108.33454,177.51
2026-08-07DSE All Share108.48684,183.38
2026-08-10DSE All Share108.52644,184.91

Read: The rebased paths show the part of the domestic move that the broader headline index does; and does not; capture.

Index scope differs. Neither line is the return of every constituent or of a reader’s portfolio.

DSE Tape Check

Market breadth
Broad advance
11 rose, 6 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 editions56
Friday'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 2026A narrow equity tape meets a dated rates test while credit evidence awaits confirmationSunday, 9 August 2026The indices eased, two banks carried the money, and private credit acceleratedSaturday, 8 August 2026Private credit accelerated to 28.1% as the equity tape split againFriday, 7 August 2026DSEI rose, TSI fell as NMB carried 67.2% of turnoverThursday, 6 August 2026Breadth balanced, but CRDB and NMB still carried 73.0% of turnoverWednesday, 5 August 2026The indices barely moved; CRDB and NMB supplied 94.3% of turnoverTuesday, 4 August 2026TZS 30.46bn traded, but TBL carried nearly four shillings in fiveMonday, 3 August 2026Domestic strength enters a breadth test while the next policy and issuer evidence waits on the calendarSunday, 2 August 2026Domestic shares outran the headline index; but two concentrated sessions supplied most of the moneySaturday, 1 August 2026Indices rose, but two banks carried 84.1% of turnoverFriday, 31 July 2026Indices rose, but two banks carried 92.6% of turnoverThursday, 30 July 2026Every domestic index rose, but two banks carried almost nine shillings in tenWednesday, 29 July 2026Money returned, but four counters carried almost eighty-five per cent of the sessionTuesday, 28 July 2026The test week opens: a credit tailwind lands on the banks that sat still through the recordMonday, 27 July 2026A record made on three prints meets its first dated tests; the month-end auction and an FOMC weekSunday, 26 July 2026A record with an asterisk; the All-Share closes at an all-time high in a week more names fell than roseSaturday, 25 July 2026The rise broadens into industrials and services; but CRDB carries more than half the moneyFriday, 24 July 2026The give-back reverses on the heaviest tape in weeks; but three-quarters of it is one Breweries blockThursday, 23 July 2026A second thin give-back leaves the tape 25 points off the high; while the exchange's half-year numbers tell the opposite storyWednesday, 22 July 2026A thin Monday pause nine points under the record, as the rail story hardens from headlines into contractsTuesday, 21 July 2026Monday reopens off Friday's record-adjacent close, into a week with nothing dated on the calendarMonday, 20 July 2026A week with nothing dated on the market calendar; so the question turns to breadth, not dataSunday, 19 July 2026The DSE claws back its early-July dip; up 0.72% on three straight gains, back within a whisker of its recordSaturday, 18 July 2026CRDB supplies 93% of a TZS 55.20bn board while breadth turns negativeFriday, 17 July 2026The crossing did not repeat; turnover falls 28x to TZS 2.71bn and the All-Share gains for the first time in seven sessionsThursday, 16 July 2026CRDB alone was 97% of Tuesday's board; TZS 73.4bn on 27.2m shares as the All-Share eased a sixth sessionWednesday, 15 July 2026Inflation eases to 4.0% in June; the first read after the fuel-subsidy exit and the 50bp hike passes the band testTuesday, 14 July 2026The DSE reopens at 4,082.43 with four declines behind it and the week's two dated events aheadMonday, 13 July 2026Two dated events, one question: what the hurdle rate is, and who pays for the ambitionSunday, 12 July 2026Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tapeSaturday, 11 July 2026The DSE eases in its first full session back as a mild foreign net-selling tilt meets thin breadthFriday, 10 July 2026Saba Saba reframed as a managed trade showcase as the runway to the 17 July Vision 2050 launch clearsThursday, 9 July 2026Saba Saba passes as a shutdown, not a clash: Kariakoo deserted under heavy security as the market reopensWednesday, 8 July 2026Saba Saba day: DSE closed and security deployed across Dar, with a quiet commemoration the base caseTuesday, 7 July 2026Saba Saba eve: rally ban enforced with deployments across Dar as the TPDF warns off protest callsMonday, 6 July 2026Bank of Tanzania lifts the policy rate to 6.25%, the first tightening of the cycleSunday, 5 July 2026DSE All-Share caps a record week at 4,116.73 with a third straight all-time highSaturday, 4 July 2026DSE All-Share extends the record run to 4,090.11 as banks carry the fiscal-year openFriday, 3 July 2026DSE All-Share opens the fiscal year at a record 4,057.22 as domestic counters leadThursday, 2 July 2026Tanzania's record budget and Vision 2050 take legal effect as the execution clock startsWednesday, 1 July 2026Tanzania's record budget and DIRA 2050 take legal effect tomorrow as the fiscal year turnsTuesday, 30 June 2026DIRA 2050's implementation instruments launch today as Tanzania's new fiscal year opensMonday, 29 June 2026Tanzania opens its new fiscal year: DIRA 2050 instruments launch Monday, DSE reopens above 4,000Sunday, 28 June 2026DSE All-Share jumps 2.38% to 4,025 as cross-listed banks outpace the domestic tapeFriday, 26 June 2026Tanzania enters 2026/27 with a record budget and a 25-year horizonThursday, 25 June 2026Vision 2050 launch nears as DIRA planning instruments reach parliamentWednesday, 24 June 2026DIRA 2050 launches 1 July with a $47bn strategic-project spineTuesday, 23 June 2026TZS 62.33tn FY2026/27 budget takes effect 1 JulyMonday, 22 June 2026Samia to launch Vision (Dira) 2050 instruments on 29 JuneSunday, 21 June 2026