Tanzania Share Index 9,331.91 ▲ 0.35%USD / TZS 2,643.08BoT rate 6.25%Inflation 4.2% 14 Aug 2026 verified close
Tanzania Intelligence

The Brief

Vol. I · No. 229
Monday, 17 August 2026
Verified closeDSE · BoT · frozen to the covered session14 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 Friday, 14 August 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.


DSE All-Share
4,232.85▲ 0.1%
DSEI · 14 Aug close · latest verified
Tanzania Share Index
9,331.91
TSI · 14 Aug · domestic
USD / TZS
2,643.08
BoT mean · 17 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. Friday's wider advance still depended on three counters for 84.7% of turnover
  2. Positive breadth still met a concentrated pool of money
  3. JNHPP completion shifts the test from construction to utilisation
WatchDSE breadth and turnover distributionafter the 17 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 2026-08-14 covered session

-0.16 ppCurrent spread+1.89 ppHighest spread-1.69 ppLowest spread
Coverage 2026-05-18 → 2026-08-14 Vintage 2026-08-14 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateRelationshipCumulative gap (pp)
2026-05-18Cumulative TSI minus DSEI0
2026-05-19Cumulative TSI minus DSEI0.05
2026-05-20Cumulative TSI minus DSEI0.17
2026-05-21Cumulative TSI minus DSEI0.44
2026-05-22Cumulative TSI minus DSEI0.48
2026-05-25Cumulative TSI minus DSEI1.02
2026-05-26Cumulative TSI minus DSEI1.19
2026-05-28Cumulative TSI minus DSEI1.48
2026-05-29Cumulative TSI minus DSEI1.39
2026-06-01Cumulative TSI minus DSEI1.5
2026-06-02Cumulative TSI minus DSEI1.84
2026-06-03Cumulative TSI minus DSEI1.59
2026-06-04Cumulative TSI minus DSEI1.7
2026-06-05Cumulative TSI minus DSEI1.89
2026-06-08Cumulative TSI minus DSEI1.73
2026-06-09Cumulative TSI minus DSEI1.44
2026-06-10Cumulative TSI minus DSEI1.06
2026-06-11Cumulative TSI minus DSEI0.86
2026-06-12Cumulative TSI minus DSEI0.54
2026-06-15Cumulative TSI minus DSEI0.14
2026-06-16Cumulative TSI minus DSEI0.29
2026-06-17Cumulative TSI minus DSEI0.2
2026-06-18Cumulative TSI minus DSEI-0.3
2026-06-19Cumulative TSI minus DSEI-0.17
2026-06-22Cumulative TSI minus DSEI0.21
2026-06-23Cumulative TSI minus DSEI0.01
2026-06-24Cumulative TSI minus DSEI-0.1
2026-06-25Cumulative TSI minus DSEI-1.07
2026-06-26Cumulative TSI minus DSEI-1.63
2026-06-29Cumulative TSI minus DSEI-1.69
2026-06-30Cumulative TSI minus DSEI-1.42
2026-07-01Cumulative TSI minus DSEI-0.7
2026-07-02Cumulative TSI minus DSEI-0.91
2026-07-03Cumulative TSI minus DSEI-0.6
2026-07-06Cumulative TSI minus DSEI-0.44
2026-07-08Cumulative TSI minus DSEI-0.67
2026-07-09Cumulative TSI minus DSEI-0.65
2026-07-10Cumulative TSI minus DSEI-0.65
2026-07-13Cumulative TSI minus DSEI-0.67
2026-07-14Cumulative TSI minus DSEI-0.87
2026-07-15Cumulative TSI minus DSEI-0.7
2026-07-16Cumulative TSI minus DSEI-0.9
2026-07-17Cumulative TSI minus DSEI-0.8
2026-07-20Cumulative TSI minus DSEI-0.76
2026-07-21Cumulative TSI minus DSEI-0.6
2026-07-22Cumulative TSI minus DSEI-0.52
2026-07-23Cumulative TSI minus DSEI-0.41
2026-07-24Cumulative TSI minus DSEI-1.52
2026-07-27Cumulative TSI minus DSEI-0.52
2026-07-28Cumulative TSI minus DSEI-0.12
2026-07-29Cumulative TSI minus DSEI-0.03
2026-07-30Cumulative TSI minus DSEI-0.05
2026-07-31Cumulative TSI minus DSEI0.02
2026-08-03Cumulative TSI minus DSEI-0.07
2026-08-04Cumulative TSI minus DSEI-0.19
2026-08-05Cumulative TSI minus DSEI-0.4
2026-08-06Cumulative TSI minus DSEIN/A
2026-08-07Cumulative TSI minus DSEI-0.74
2026-08-10Cumulative TSI minus DSEI-0.37
2026-08-11Cumulative TSI minus DSEI-0.13
2026-08-12Cumulative TSI minus DSEI-0.34
2026-08-13Cumulative TSI minus DSEI-0.41
2026-08-14Cumulative TSI minus DSEI-0.16

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
9 rose, 6 fell
Advancers against decliners on the verified DSE close.
Turnover concentration
Concentrated
One name carried the tape
NMB Bank was 48% 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 →

Breadth improved, money stayed concentrated

Friday's wider advance still depended on three counters for 84.7% of turnover

Signal

4,232.85 rose 0.10% and 9,331.91 0.35%; ten counters advanced against seven decliners.

Why it matters

NMB, TPCC and CRDB supplied 84.7% of TZS 7.247bn equity turnover.

What to watch

The 17 August close tests whether value broadens before NMB's subdivision timetable begins.

Source: DSE · Edition 17 Aug 2026
Go deeper →
Turnover distribution

Positive breadth still met a concentrated pool of money

Signal

4,232.85 rose 0.10% and 9,331.91 0.35%; NMB, TPCC and CRDB supplied 84.7% of turnover.

Why it matters

Ten counters advanced against seven decliners, but all other counters shared 15.3% of traded value.

What to watch

The 17 August close tests whether a wider set of counters attracts value.

Source: DSE · Edition 17 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
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Power completion boundary

JNHPP completion shifts the test from construction to utilisation

Signal

The Ministry records all nine 2,115 MW units complete; formal inauguration is reported for 22 August.

Why it matters

Completed capacity is not yet evidence of dispatch, transmission or productive demand.

What to watch

Post-inauguration dispatch and transmission data remain undated checkpoints.

Source: Ministry of Energy and open-source reporting · Edition 17 Aug 2026 · Data open-source · interpretation: Medium confidence
Treasury-bill curve

Auction 1204 kept the verified bill curve upward sloping

Signal

Weighted-average yields ran from 2.1276% at 35 days to 6.7441% at 364 days.

Why it matters

Each tenor is an official auction observation; the curve alone does not establish a policy shift.

What to watch

The 19 August 15-year reopening is the next dated government-securities test.

Source: Bank of Tanzania · Edition 17 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
External account

Gold exports outpaced total export growth in the July MER

Signal

In the year to June, gold exports grew 36.4% and total goods and services exports 17.2%.

Why it matters

The same report records US$5.6735bn of reserves and 4.4 months of projected import cover.

What to watch

The next MER release is not yet dated; no June observation is rolled forward.

Source: Bank of Tanzania · Edition 17 Aug 2026 · Data verified · interpretation: Medium confidence
Go deeper →
The Ghost

The model book

The Ghost's hypothetical model ledger is +9.21% since inception at its 14 Aug mark. Turnover distribution, the bill curve and dated implementation tests 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 17 Aug sessionDSE breadth and turnover distributionFriday's positive breadth still left 84.7% of equity turnover in three counters.
17 Aug 2026, when publishedSADC summit communiquéThe official summit theme is an agenda; implementation language remains the evidence test.
19 Aug 2026Bank of Tanzania 15-year bond reopeningThe official issuance calendar identifies the reopening; its result remains separate from the bill curve.
19 to 24 Aug 2026NMB share-subdivision sequenceThe retained issuer notice separates the last cum-split day, suspension and adjusted resumption.
22 Aug 2026, as reportedJNHPP formal inaugurationThe next test is operating evidence after the ceremony, not the capacity headline alone.
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.

Information and education only. Not investment advice, a forecast or a recommendation. Market figures reconcile to the verified 14 August 2026 DSE close; other observations retain their own source dates.

Archive; past editions59
Share-price measures fell; trading stayed concentratedWednesday, 14 October 2026Indices rose, with trading concentrated in two banksTuesday, 13 October 2026Share 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 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 2026