Tanzania Stock Market Loses US$166 Million in a Week
TANZANIA · MARKETS
Key Facts
- —The country Tanzania is an East African country, and its stock exchange is based in Dar es Salaam, the largest city.
- —What happened The Tanzania stock market lost TSh438.95 billion (US$166 million) in value in the week to Friday 2 October.
- —How big a drop Total market value fell 1.08 percent, to about TSh40.4 trillion (US$15.3 billion).
- —Where it hurt Banks fell hardest, and NMB Bank alone shed about TSh450 billion (US$170 million) in value.
- —The catch The DSE All Share Index is still about 86 percent above its level of 30 September 2025.
- —What comes next Broker Vertex International Securities expects investors to stay cautious and selective.
The Tanzania stock market lost TSh438.95 billion (US$166 million) in value in the week to Friday 2 October 2026. Price falls across several companies pulled the Dar es Salaam Stock Exchange (DSE) down 1.08 percent.
The Citizen reported the weekly figures on Monday 5 October, citing a review by Dar es Salaam broker Vertex International Securities. Total market value was about TSh40.4 trillion (US$15.3 billion).
Which Shares Fell and Which Rose
The biggest single drag came from NMB Bank, the largest company on the Dar es Salaam Stock Exchange by market value. Its shares fell 4.23 percent over the week, from 2,130 to 2,040 shillings (US$0.81 to US$0.77).
That move alone cut about TSh450 billion (US$170 million) from NMB’s value, DSE price data show. Gains in a few other shares kept the market’s overall loss smaller.
In percentage terms, Maendeleo Bank fell furthest, down 7.44 percent. DCB Commercial Bank lost 4.76 percent and Afriprise Investment fell 4.49 percent.
On the winning side, Nation Media Group, a Kenyan media company whose shares also trade in Dar es Salaam, rose 8.62 percent. National Investment Company (ticker Nicol) gained 4.43 percent.
Dollar figures here use the Bank of Tanzania’s mean rate of 2,641.42 shillings to the US dollar on 2 October 2026. The DSE lists that rate in its daily market report.
Banks Led the Fall in the Share Indices
The DSE All Share Index, the broadest gauge of the Tanzania stock market, fell 1.08 percent, from 4,682.13 to 4,631.77 points. The Tanzania Share Index, which covers domestic companies only, dropped 1.57 percent to 10,255.60.
The value of those domestic companies fell by the same 1.57 percent. It slipped from TSh28.32 trillion (US$10.7 billion) to TSh27.88 trillion (US$10.6 billion).
Among the sector gauges, the Banks, Finance and Investment Index fell furthest. It lost 2.22 percent, from 23,714.23 to 23,188.19 points.
The Commercial Services Index lost 1.56 percent. The Industrial and Allied Index was the only sector gauge to rise, gaining 0.43 percent.
More Money Traded, but Fewer Shares Changed Hands
Trading value rose 1.47 percent to TSh27.87 billion (US$10.6 million), from TSh27.47 billion (US$10.4 million) the week before. The number of shares traded fell 8.68 percent, from 12.77 million to 11.66 million.
Two banks dominated the trading. CRDB Bank accounted for TSh15.8 billion (US$6.0 million), or 56.69 percent of the total.
NMB followed with TSh7.68 billion (US$2.9 million), or 27.55 percent. Separately, CRDB has teamed up with power utility Tanesco on a scheme to cut electricity connection costs.
Frank Abel, manager of research and analytics at Vertex, said the market was likely to remain cautious after the falls. “Despite a marginal increase in turnover, lower trading volumes suggest moderation in market activity, with investors likely to remain selective,” he said.
What It Means for US Readers
By global standards, the Tanzania stock market is small. The whole exchange was worth about US$15.3 billion on 2 October.
A full week of share trading came to roughly US$10.6 million. Two banks, CRDB and NMB, made up more than four fifths of that.
Foreign investors are a minority of buyers. From July to September, foreigners made 6.48 percent of purchases by value and 33.18 percent of sales, DSE data show.
The longer trend is still strongly up. The All Share Index stood at 2,489.70 points on 30 September 2025, so it remains about 86 percent higher.
The currency matters too. On the Bank of Tanzania’s mean rate, the shilling weakened from 2,442.85 to 2,641.42 per US dollar over that period.
A weaker shilling means a dollar-based investor’s gain from that rise is smaller than the index shows.
What Is Not Known
No single trigger has been named for the slide in the Tanzania stock market. Vertex’s review describes price declines across several listed companies, not one event.
The review, as The Citizen reported it, gives no reason for the drop in NMB, the week’s biggest single drag. It also offers no price forecast, only an expectation that investors will stay selective.
What Comes Next
The DSE publishes a market report after every trading day. Those reports will show whether bank shares such as NMB recover.
The Citizen reported that Vertex expects selective participation in shares for now. It added that investors are weighing returns on shares against bonds.
More: Tanzania news in English, every day from The Rio Times.
How much did the Tanzania stock market lose?
The Tanzania stock market lost TSh438.95 billion (US$166 million) in value in the week to Friday 2 October 2026. Total market value on the Dar es Salaam Stock Exchange fell 1.08 percent, to about TSh40.4 trillion (US$15.3 billion).
Which shares fell the most?
Maendeleo Bank fell 7.44 percent, DCB Commercial Bank 4.76 percent and Afriprise Investment 4.49 percent. NMB Bank, the largest listed company, fell 4.23 percent and caused the biggest loss in value.
Which shares rose?
Nation Media Group gained 8.62 percent, and National Investment Company (ticker Nicol) 4.43 percent. The Industrial and Allied Index was the only sector index to rise, up 0.43 percent.
Do foreigners invest on the Dar es Salaam Stock Exchange?
Yes, but they are a small share of buyers. From July to September 2026, foreigners made 6.48 percent of purchases by value and 33.18 percent of sales, according to the exchange.
What is the Dar es Salaam Stock Exchange?
It is Tanzania’s stock exchange, based in Dar es Salaam, the country’s largest city. It lists Tanzanian companies and several Kenyan firms also quoted in Nairobi, such as Nation Media Group and East African Breweries.
Sources: The Citizen (Tanzania), 5 October 2026; Dar es Salaam Stock Exchange, daily market reports and price data, 2 October 2026.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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