KCP. USD/TZS 2,645
Tanzania Share Index 9,299.64 ▲ 1.14%USD / TZS 2,645.24BoT rate 6.25%Inflation 4.2% 13 Aug 2026 verified close
Tanzania Intelligence

The Brief

Vol. I · No. 226
Friday, 14 August 2026
Verified closeDSE · BoT · frozen to the covered session13 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 Thursday, 13 August 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.

DSE All-Share
4,228.80▲ 1.22%
DSEI · 13 Aug close · latest verified
Tanzania Share Index
9,299.64
TSI · 13 Aug · domestic
USD / TZS
2,645.24
BoT mean · 14 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. Both headline indices accelerated; NMB still carried 66.1% of turnover
  2. Both headline indices strengthened in the same direction
  3. NMB and CRDB carried 85.1% of equity turnover
WatchDSE breadth and turnover distributionafter the 14 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

2026-05-13 = 100 · frozen at the 2026-08-13 covered session

+9.8%TSI · quarter+10.0%DSEI · quarter
Coverage 2026-05-13 → 2026-08-13 Vintage 2026-08-13 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateIndexRebasedRaw level
2026-05-13Tanzania Share Index1008,467.69
2026-05-14Tanzania Share Index99.4068,417.39
2026-05-15Tanzania Share Index99.30698,409
2026-05-18Tanzania Share Index99.76648,447.91
2026-05-19Tanzania Share Index99.91268,460.29
2026-05-20Tanzania Share Index99.6358,436.78
2026-05-21Tanzania Share Index100.68318,525.53
2026-05-22Tanzania Share Index101.11628,562.21
2026-05-25Tanzania Share Index102.87168,710.85
2026-05-26Tanzania Share Index103.5158,765.33
2026-05-28Tanzania Share Index103.75528,785.67
2026-05-29Tanzania Share Index103.62328,774.49
2026-06-01Tanzania Share Index104.07128,812.43
2026-06-02Tanzania Share Index104.74928,869.84
2026-06-03Tanzania Share Index104.29148,831.07
2026-06-04Tanzania Share Index104.64758,861.23
2026-06-05Tanzania Share Index104.09638,814.55
2026-06-08Tanzania Share Index104.13578,817.89
2026-06-09Tanzania Share Index103.67518,778.89
2026-06-10Tanzania Share Index103.05888,726.7
2026-06-11Tanzania Share Index102.05038,641.3
2026-06-12Tanzania Share Index101.49318,594.12
2026-06-15Tanzania Share Index100.39768,501.36
2026-06-16Tanzania Share Index101.48598,593.51
2026-06-17Tanzania Share Index101.78298,618.66
2026-06-18Tanzania Share Index102.25928,658.99
2026-06-19Tanzania Share Index102.13558,648.52
2026-06-22Tanzania Share Index101.83548,623.11
2026-06-23Tanzania Share Index101.70578,612.12
2026-06-24Tanzania Share Index101.98468,635.74
2026-06-25Tanzania Share Index102.22828,656.37
2026-06-26Tanzania Share Index102.83118,707.42
2026-06-29Tanzania Share Index103.14948,734.37
2026-06-30Tanzania Share Index103.6548,777.1
2026-07-01Tanzania Share Index104.61668,858.61
2026-07-02Tanzania Share Index105.24688,911.97
2026-07-03Tanzania Share Index106.2528,997.09
2026-07-06Tanzania Share Index106.07018,981.69
2026-07-08Tanzania Share Index105.80358,959.11
2026-07-09Tanzania Share Index105.48998,932.56
2026-07-10Tanzania Share Index105.32128,918.27
2026-07-13Tanzania Share Index105.25418,912.59
2026-07-14Tanzania Share Index105.02958,893.57
2026-07-15Tanzania Share Index105.49518,933
2026-07-16Tanzania Share Index105.58128,940.29
2026-07-17Tanzania Share Index105.9248,969.32
2026-07-20Tanzania Share Index105.72348,952.33
2026-07-21Tanzania Share Index105.61848,943.44
2026-07-22Tanzania Share Index105.96228,972.55
2026-07-23Tanzania Share Index106.34949,005.34
2026-07-24Tanzania Share Index106.14488,988.01
2026-07-27Tanzania Share Index106.98869,059.46
2026-07-28Tanzania Share Index107.97389,142.89
2026-07-29Tanzania Share Index108.32439,172.57
2026-07-30Tanzania Share Index108.86729,218.54
2026-07-31Tanzania Share Index108.82769,215.18
2026-08-03Tanzania Share Index108.65039,200.17
2026-08-04Tanzania Share Index108.40199,179.14
2026-08-05Tanzania Share Index108.33069,173.1
2026-08-06Tanzania Share Index108.50239,187.64
2026-08-07Tanzania Share Index108.29069,169.71
2026-08-10Tanzania Share Index108.73479,207.32
2026-08-11Tanzania Share Index108.28679,169.38
2026-08-12Tanzania Share Index108.58769,194.86
2026-08-13Tanzania Share Index109.8259,299.64
2026-05-13DSE All Share1003,843.2
2026-05-14DSE All Share99.68723,831.18
2026-05-15DSE All Share99.62223,828.68
2026-05-18DSE All Share99.96123,841.71
2026-05-19DSE All Share100.06173,845.57
2026-05-20DSE All Share99.6623,830.21
2026-05-21DSE All Share100.4343,859.88
2026-05-22DSE All Share100.82873,875.05
2026-05-25DSE All Share102.03613,921.45
2026-05-26DSE All Share102.5013,939.32
2026-05-28DSE All Share102.43763,936.88
2026-05-29DSE All Share102.40113,935.48
2026-06-01DSE All Share102.73213,948.2
2026-06-02DSE All Share103.05243,960.51
2026-06-03DSE All Share102.85673,952.99
2026-06-04DSE All Share103.10113,962.38
2026-06-05DSE All Share102.36473,934.08
2026-06-08DSE All Share102.56613,941.82
2026-06-09DSE All Share102.40633,935.68
2026-06-10DSE All Share102.19093,927.4
2026-06-11DSE All Share101.39183,896.69
2026-06-12DSE All Share101.16673,888.04
2026-06-15DSE All Share100.47513,861.46
2026-06-16DSE All Share101.41133,897.44
2026-06-17DSE All Share101.79883,912.33
2026-06-18DSE All Share102.78213,950.12
2026-06-19DSE All Share102.53153,940.49
2026-06-22DSE All Share101.83783,913.83
2026-06-23DSE All Share101.91723,916.88
2026-06-24DSE All Share102.29993,931.59
2026-06-25DSE All Share103.53983,979.24
2026-06-26DSE All Share104.73334,025.11
2026-06-29DSE All Share105.12184,040.04
2026-06-30DSE All Share105.34974,048.8
2026-07-01DSE All Share105.56884,057.22
2026-07-02DSE All Share106.42464,090.11
2026-07-03DSE All Share107.11724,116.73
2026-07-06DSE All Share106.75844,102.94
2026-07-08DSE All Share106.73554,102.06
2026-07-09DSE All Share106.4024,089.24
2026-07-10DSE All Share106.22484,082.43
2026-07-13DSE All Share106.17874,080.66
2026-07-14DSE All Share106.1614,079.98
2026-07-15DSE All Share106.45694,091.35
2026-07-16DSE All Share106.75844,102.94
2026-07-17DSE All Share106.99374,111.98
2026-07-20DSE All Share106.75564,102.83
2026-07-21DSE All Share106.47824,092.17
2026-07-22DSE All Share106.73064,101.87
2026-07-23DSE All Share107.01084,112.64
2026-07-24DSE All Share107.98664,150.14
2026-07-27DSE All Share107.76774,141.73
2026-07-28DSE All Share108.33264,163.44
2026-07-29DSE All Share108.58484,173.13
2026-07-30DSE All Share109.15044,194.87
2026-07-31DSE All Share109.03444,190.41
2026-08-03DSE All Share108.95144,187.22
2026-08-04DSE All Share108.83354,182.69
2026-08-05DSE All Share108.99694,188.97
2026-08-06DSE All Share108.69874,177.51
2026-08-07DSE All Share108.85154,183.38
2026-08-10DSE All Share108.89134,184.91
2026-08-11DSE All Share108.18484,157.76
2026-08-12DSE All Share108.71044,177.96
2026-08-13DSE All Share110.03334,228.8

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
Positive tilt
9 rose, 7 fell
Advancers against decliners on the verified DSE close.
Turnover concentration
Block-driven
One name carried the tape
NMB Bank was 66% 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 →

Market acceleration and concentration

Both headline indices accelerated; NMB still carried 66.1% of turnover

Signal

4,228.80 rose 1.22% and 9,299.64 1.14%; nine counters advanced against seven decliners.

Why it matters

NMB supplied TZS 2.817bn of TZS 4.262bn equity turnover; NMB and CRDB together carried 85.1%.

What to watch

The 14 August close tests whether shared direction persists with broader turnover.

Source: DSE · Edition 14 Aug 2026
Go deeper →
Index acceleration

Both headline indices strengthened in the same direction

Signal

4,228.80 rose 1.22% and 9,299.64 1.14% at the verified 13 August close.

Why it matters

Nine counters rose and seven fell, while turnover stayed below its held-session median.

What to watch

The 14 August close tests whether the shared direction persists with broader value.

Source: DSE · Edition 14 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
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Money traded

NMB and CRDB carried 85.1% of equity turnover

Signal

NMB supplied TZS 2.817bn and CRDB TZS 0.808bn of TZS 4.262bn equity turnover.

Why it matters

Twenty counters traded, but all counters outside the two banks supplied only 14.9% of value.

What to watch

The next session tests whether value broadens beyond the two banks while participation holds.

Source: DSE · Edition 14 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
Change dispersion

Precision Air led gains while MCB formed the negative tail

Signal

PAL rose 13.33%, TCCL 8.03% and MCB fell 3.30%; verified changes crossed both sides of zero.

Why it matters

PAL's gain carried TZS 2.307m turnover, separating the quoted tail from where most money traded.

What to watch

The next board tests whether the positive tail broadens without a deeper negative tail.

Source: DSE · Edition 14 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
TBL quarterly results

TBL converted revenue growth into faster operating-profit growth

Signal

Q2 revenue rose 13%, operating profit 20% and EPS 6% year on year.

Why it matters

Operating margin reached 23.8%; the TZS 156.1bn dividend keeps cash conversion in the same read.

What to watch

The full-year audited result is not yet dated; it will test margin and cash-flow continuity.

Source: DSE · Edition 14 Aug 2026 · Data as reported · interpretation: Medium confidence
Go deeper →
The Ghost

The model book

The Ghost's hypothetical TZS 500m model ledger is +8.95% since inception at its 13 Aug mark. Market breadth, concentrated turnover and TBL's operating leverage 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 14 Aug sessionDSE breadth and turnover distributionBoth headline indices accelerated on 13 August while NMB supplied 66.1% of equity turnover.
official release date not yet recordedTBL full-year audited resultQ2 operating profit grew faster than revenue, while the dividend keeps cash conversion in view.
15 Aug 2026Zambia election observer statementSADC's preliminary statement is the dated conduct checkpoint; no result is assumed in advance.
19 Aug 2026Bank of Tanzania 15-year bond reopeningThe official issuance calendar identifies the reopening; its result remains separate from the fitted curve.
8 Sep 2026Next Tanzania inflation releaseThe July headline was 4.2%; the next release tests whether the observed price pattern changes.
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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 (13 Aug 2026). The 14 August USD/TZS mean and Q3 2026 CBR are separately dated Bank of Tanzania records; the FX value and sheet date come only from the exact governed fx.json observation. July inflation is the National Bureau of Statistics release dated 10 August. The current Wire handoff was read first. The TBL Q2 filing was promoted because it supplied quantified operating evidence. The TRA statement contained no quantified measure, the TBL Q1 filing was superseded by Q2, and the NICO H1 filing remains in the Wire because its fair-value and recurring-cash components require a fuller treatment; those omissions are deliberate. Treasury-bill auction observations remain separate from the fitted sovereign curve and the CBR. No foreign-flow split, same-day DSE close, future TBL margin, election result or undated corporate-result date 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 advanced; NMB still carried 72.5% of turnoverThursday, 13 August 2026Both headline indices fell; two banks still carried 87.6% of turnoverWednesday, 12 August 2026Inflation rose to 4.2%; transport remained the pressure pointTuesday, 11 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