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A-Trader is an investment platform allowing beginner and expert investors alike to buy and sell shares in the Dar Es Salaam and other African Stock Exchanges through our feature-rich platform.

Latest Markets Summary

CompanyOpeningClosingHighLowChange (%)Volume
CRDB390395395390
1.28
139,124
NMB2,8002,8002,8002,800
0.00
1,881
DCB170170170165
0.00
1,749
TPCC3,8803,8803,8003,800
0.00
1,096
DSE1,9001,8201,9001,800
-4.21
982

Data as of:Tuesday, September 27, 2022 17:30 EAT
Source: Dar Es Salaam Stock Exchange

Forex (TZS)USDGBPEURKESUGXZARTRYCNY
Buying2,295.772,485.632,218.8619.040.58127.42124.45320.77
Selling2,318.732,511.182,241.5219.200.60128.64125.63323.80

Data as of:Tuesday, September 27, 2022 10:00 EAT
Source: Bank of Tanzania

TANZANIAN CENTRAL BANK TO REDUCE LIQUIDITYTanzania's central bank will continue to reduce money supply in the economy in September and October to slow rising inflation in Tanzania.

The monetary policy committee (MPC) issued a statement,where it recommended that the speed of expanding liquidity be reduced in the remaining portion of 2022 to reduce inflation.

The Bank of Tanzania (BoT) aims at reducing inflationary pressures while safeguarding economic activity. Inflation in Tanzania rose to 4.6% in August from 4.5% the previous month and 3.6% in March, well below the target of 5.4% for 2022/2023. A similar trend in Zanzibar reached 5.4% from 3.5%, compared with a target of 5%.

While the country's economy was facing a range of challenges, including weak global growth, high commodity prices, oil prices, tight financial conditions, and the recurrence of COVID-19 in some countries.

Inflation is expected to remain consistent with the target throughout the fiscal year and stability is expected with the exchange rate and moderation in food prices.

Gross private sector credit growth improved by around 20% in July and August, compared with projections of 10.7% for 2022/2023. Gross official reserves remained adequate at $5,092 million in August 2022.

Sources/References:
The Reuters News
Links: https://www.reuters.com/world/africa/tanzania-central-bank-reduce-liquidity-tackle-inflation-2022-09-24/

The IP media news
Links: https://www.ippmedia.com/en/business/bot-continue-reducing-liquidity-gradually

US News
Links; https://money.usnews.com/investing/news/articles/2022-09-24/tanzania-central-bank-to-reduce-liquidity-to-tackle-inflation



Top Highlights

  • Inflation in Tanzania rose to 4.6% in August from 4.5% the previous month and 3.6% in March, well below the target of 5.4% for 2022/2023.
  • Zanzibar inflation reached 5.4% in August from 3.5% the previous month, compared with a target of 5%.
  • The monetary policy committee (MPC) recommends that the speed of expanding liquidity be reduced in the remaining portion of 2022 to reduce inflation