KCP. USD/TZS 2,637
Kanza Capital Partners The Ghost
Model-book note — educational only. The Ghost is a hypothetical model portfolio used to explain Tanzanian market structure, allocation reasoning and risk — not investment advice, a recommendation, or a live client portfolio. Holdings are illustrative; prices and liquidity may be stale or thin. Figures reconcile to their sources as at the date shown on each mark.
The Tape · the Ghost's morning read

The Tape: what The Ghost reads each morning.

The market facts before the model-book decision — the evidence The Ghost reads before it holds, rotates, or waits.

Tape date & data vintage
Tape date—
DSE datalatest · verified close
FX · rates · goldlatest BoT source, shown on each mark
Live market boardsMarkets →

This is The Ghost's latest tape — current, but timestamped. It covers the latest verified DSE close shown above; live same-day boards live on Markets, and previous daily reads in The Brief archive.

How to read this page. The Tape is The Ghost's morning checklist. It does not tell the model book what to buy or sell — it shows the market conditions The Ghost reads before deciding whether to hold, rotate, wait, or write a new move. The tape is evidence, not an instruction.
Today's tape · — · marked to DSE / BoT close
MarketLevelContext
DSE All-Share4,082.43DSEI · latest verified close
USD / TZS2,634BoT mean
Gold · $/oz$4,111BoT ref
BoT rate6.25%CBR
Inflation4.2%NBS headline
Indices & equities: Dar es Salaam Stock Exchange. FX, rates & gold: Bank of Tanzania. Marked to last close, refreshed each session.
The signals The Ghost reads
Equities
DSEI, TSI, breadth, turnover
Whether a move is broad or one-name concentrated
Banks
NMB, CRDB, the bank tape
Banks are the liquid core of the DSE
Rates
BoT rate, T-bills, bond yields
Sets the hurdle rate for taking equity risk
FX
USD / TZS
Hard-currency return & imported-inflation pressure
Inflation
CPI, food & fuel pressure
Shapes rate expectations and real returns
Commodities
Gold, fuel, crops
Links the macro story to external & domestic prices
The reading framework — useful even when the daily tape is quiet. Descriptive, not signals or advice.
Tape read

The domestic market tends to read stronger than the headline All-Share suggests, with banks carrying the local equity story. FX is a steady but central lens for diaspora and hard-currency readers, while rates set the hurdle for taking equity risk. The Ghost reads a market where liquidity and bank earnings matter more than index headlines.

The Ghost's plain-language read of the tape — it describes market tone, never advice.
What changed since the last read
SignalChangeGhost interpretation
DSE All-Share (DSEI)▲ +0.91%The headline move — pulled by cross-listed weight
Tanzania Share Index (TSI)▼ 0.19%The domestic-market read
NMB Bank▲ +0.00%The bank tape — a liquidity and earnings signal
CRDB Bank▲ +0.00%The bank tape — a liquidity and earnings signal
Deltas vs the prior verified session · DSE / BoT sources. Descriptive facts — not signals, predictions, or advice.
The book against the index
The book's equity sleeve vs the DSE All-Share
The model book's return engine — its DSE equity sleeve — against the DSE All-Share, both rebased to 100 at the book's inception. Hypothetical model book · educational only.

Has the hypothetical equity sleeve kept pace with the market it is drawn from?

The model-book equity sleeve versus the DSE All-Share

Both series rebased to 100 from the first shared model-book window · through 2026-07-23

Coverage 2026-06-06 → 2026-07-23 Vintage 2026-07-23 · final Revision current · v0
The model-book equity sleeve versus the DSE All-Share. Exact values underlying the chart.
DateSeriesValue
2026-06-06Ghost equity sleeve100
2026-06-21Ghost equity sleeve103.59
2026-06-24Ghost equity sleeve104.28
2026-06-25Ghost equity sleeve103.76
2026-06-26Ghost equity sleeve104.47
2026-06-29Ghost equity sleeve105.4
2026-07-01Ghost equity sleeve105.31
2026-07-03Ghost equity sleeve108.16
2026-07-06Ghost equity sleeve108.16
2026-07-09Ghost equity sleeve107.77
2026-07-10Ghost equity sleeve107.78
2026-07-13Ghost equity sleeve107.56
2026-07-14Ghost equity sleeve107.65
2026-07-15Ghost equity sleeve108.44
2026-07-16Ghost equity sleeve107.94
2026-07-17Ghost equity sleeve108.01
2026-07-20Ghost equity sleeve107.95
2026-07-21Ghost equity sleeve108.22
2026-07-22Ghost equity sleeve107.89
2026-07-23Ghost equity sleeve108.6
2026-06-08DSE All-Share100
2026-06-09DSE All-Share99.844
2026-06-10DSE All-Share99.634
2026-06-11DSE All-Share98.855
2026-06-12DSE All-Share98.636
2026-06-15DSE All-Share97.961
2026-06-16DSE All-Share98.874
2026-06-17DSE All-Share99.252
2026-06-18DSE All-Share100.211
2026-06-19DSE All-Share99.966
2026-06-22DSE All-Share99.29
2026-06-23DSE All-Share99.367
2026-06-24DSE All-Share99.74
2026-06-25DSE All-Share100.949
2026-06-26DSE All-Share102.113
2026-06-29DSE All-Share102.492
2026-06-30DSE All-Share102.714
2026-07-01DSE All-Share102.928
2026-07-02DSE All-Share103.762
2026-07-03DSE All-Share104.437
2026-07-06DSE All-Share104.087
2026-07-08DSE All-Share104.065
2026-07-09DSE All-Share103.74
2026-07-10DSE All-Share103.567
2026-07-13DSE All-Share103.522
2026-07-14DSE All-Share103.505
2026-07-15DSE All-Share103.793
2026-07-16DSE All-Share104.087
2026-07-17DSE All-Share104.317
2026-07-20DSE All-Share104.085
2026-07-21DSE All-Share103.814
2026-07-22DSE All-Share104.06
2026-07-23DSE All-Share104.334

Read: A common baseline makes relative movement legible while keeping the model-book and official market series distinct.

Hypothetical model book. This is educational evidence, not a recommendation or client track record.

Source: KCP Ghost tracker · Dar es Salaam Stock ExchangeRebased to 100 at inception · hypothetical
How to read this: both lines start at 100 at the book's inception, so you compare the Ghost's equity picks against the market they're drawn from — not index levels. Why The Ghost cares: this is the one view that shows whether the model book's stock selection is keeping pace with the DSE — a book-only read the daily Brief can't give you. Educational, not a track record to follow.
The morning read · —

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The full daily market read → The Brief

What The Ghost does with this

The tape does not force a move. It updates the model book's risk map: bank-led strength keeps the equity sleeve relevant, but rates and liquidity still decide whether The Ghost adds risk, trims exposure, or waits for a cleaner signal.

Latest model-book status: +4.13% since inception; largest model-book equity allocation: NMB Bank. Educational only — a hypothetical model book, not a recommendation.

The decision itself — rotate or hold — is made and explained in the Moves. See the latest move → · How the big banks compare (CRDB) →

Recent reads

This is The Ghost's latest tape. Each prior day's market read is a Brief edition — the dated archive that stands behind the tape.

The full Brief archive →

Continue the trail
The latest Move
The decision the tape fed into
See the move →
The Brief
The full daily market read
Read the Brief →
DSE Equities
The live equities board
See the board →
Government securities
T-bills & bonds — the hurdle rate
See rates →
FX
USD / TZS — the hard-currency lens
See FX →
Commodities
Gold — reserve & macro context
See commodities →
Food prices
Crop wholesale — an inflation channel
See crops →
Fuel
EWURA caps — the fuel-inflation channel
See fuel →
NMB Bank
The book's largest model allocation
Company page →
CRDB Bank
The liquid core of the bank tape
Company page →

Read the market the way The Ghost does.

The Brief is the daily market read. The Ghost is the weekly decision journal — the reasoning behind each move, in public. Follow along and get each chapter as it's written.

Educational only · the weekly Ghost note · no advice · unsubscribe anytime. More on what you get →