Tanzania Treasury bills · auction of 8 January 2020
Tanzania T-bill auction, 8 January 2020: 364-day at 5.91%, up 4 bps
At the Treasury bill auction dated 8 January 2020, the Bank of Tanzania cleared the 91-day bill at 3.50% (down 100 basis points), the 182-day bill at 4.24% (down 27 basis points) and the 364-day bill at 5.91% (up 4 basis points). The rate shown is the weighted average yield of successful bids.
The auction was undersubscribed: bids totalled TZS 32.4bn against TZS 106.2bn on offer, 31% of the amount sought, and TZS 27.8bn was accepted.
Over the past year the 364-day rate has ranged from 5.87% to 9.32%.
A year earlier the 364-day bill cleared at 9.30%, so the government is paying 339 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 59,114 in 12 months on the 364-day bill
Put TZS 1,000,000 into the 364-day bill at this auction and you get back TZS 1,059,114 after 12 months: TZS 59,114 in interest before any withholding tax, about TZS 4,926 a month.
That is TZS 352 more than the same money would have earned at the previous auction.
For shorter money: TZS 21,196 on the 182-day bill (6 months), TZS 8,744 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Tanzania’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka TZS 1,000,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa TZS 1,059,114 baada ya miezi 12: riba ya TZS 59,114 kabla ya kodi yoyote ya zuio, yaani takriban TZS 4,926 kwa mwezi.
Hiyo ni TZS 352 zaidi ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 3.498% | 4.500% | TZS 1.70bn | TZS 3.40bn | TZS 1.70bn |
| 182-day | 4.239% | 4.511% | TZS 3.00bn | TZS 5.90bn | TZS 3.00bn |
| 364-day | 5.911% | 5.876% | TZS 101.50bn | TZS 23.11bn | TZS 23.11bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 8 January 2020, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2020-01-08
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