Tanzania Treasury bills · auction of 8 October 2025
Tanzania T-bill auction, 8 October 2025: 364-day at 5.61%, down 38 bps
At the Treasury bill auction dated 8 October 2025, the Bank of Tanzania cleared the 91-day bill at 6.53% (down 28 basis points), the 182-day bill at 6.81% (up 25 basis points) and the 364-day bill at 5.61% (down 38 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 141.4bn against TZS 79.8bn on offer, 177% of the amount sought, and TZS 59.9bn was accepted.
At 5.61%, the 364-day rate is the lowest in the 21 auctions of the past year.
A year earlier the 364-day bill cleared at 10.98%, so the government is paying 537 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 56,088 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 1,056,088 after 12 months: TZS 56,088 in interest before any withholding tax, about TZS 4,674 a month.
That is TZS 3,777 less than the same money would have earned at the previous auction.
For shorter money: TZS 34,072 on the 182-day bill (6 months), TZS 16,315 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 1,056,088 baada ya miezi 12: riba ya TZS 56,088 kabla ya kodi yoyote ya zuio, yaani takriban TZS 4,674 kwa mwezi.
Hiyo ni TZS 3,777 pungufu 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 | 6.526% | 6.805% | TZS 1.90bn | TZS 11.32bn | TZS 1.90bn |
| 182-day | 6.814% | 6.562% | TZS 2.90bn | TZS 9.50bn | TZS 2.90bn |
| 364-day | 5.609% | 5.987% | TZS 75.00bn | TZS 120.62bn | TZS 55.12bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 8 October 2025, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2025-10-08
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