DSE All-Share
3,913.83
As at Week 25 w/w
Permanent edition · Vol. I · No. 174
The Brief
Tuesday, 23 June 2026
A frozen reading of Tanzania's markets, capital and policy. Figures remain bound to their stated observations; this archive never inherits a newer market tape.
USD / TZS
2,632
As at −6.1% YTD
Gold · $/oz
$4,129
As at Fed repricing
BoT rate
5.75%
As at 3rd hold
Inflation
4.0%
As at Apr
This edition in 60 seconds
- 01DIRA 2050 launches 1 July with a $47bn strategic-project spine
- 02DSE adds 1.35% in Week 25 as turnover jumps 81%
- 03364-day T-bill yield at 6.92% as the long end steepens
Strategy
DIRA 2050 launches 1 July with a $47bn strategic-project spine
Tanzania's long-term development blueprint, DIRA 2050, is set to launch on 1 July, anchored by a roughly USD 47bn pipeline of strategic projects. LNG, Kabanga Nickel, Engaruka soda ash and the Liganga to Mchuchuma iron-and-coal complex headline the capital programme as Vision 2025 draws to a close. The scale of the ambition; and the financing behind it; places fresh attention on domestic borrowing and the government-securities curve.
Source: Open-source reporting · observed 2026-06-22
Go deeper →Archive format · published before the three-part editorial schema
Did the domestic market and the headline index move together or apart over the covered quarter?
The domestic market against the headline index
As at 22 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Markets
DSE adds 1.35% in Week 25 as turnover jumps 81%
Signal
Equity turnover jumped 81.3% w/w to TZS 48.99bn; the All-Share added 1.35%.
Why it matters
A liquidity surge on a normally thin market points to renewed participation; AFRIPRISE, EABL and NMB led the breadth.
What to watch
Whether turnover and breadth carry into Week 26 or fade back to typical thin volumes.
Rates
364-day T-bill yield at 6.92% as the long end steepens
Signal
The 364-day weighted yield rose ~54bp to 6.92%; the 91-day eased to 3.56%.
Why it matters
A steepening curve with the Central Bank Rate held at 5.75% reflects term-premium repricing at the long end.
What to watch
BoT auction No. 1202 in early July for whether the long-end climb continues.
Gold
Gold near $4,129/oz, off ~1.5% on Fed repricing
Signal
Spot gold near USD 4,129/oz, off ~1.5% on Fed-hike repricing.
Why it matters
Gold is about a third of exports; the BoT's Domestic Gold Purchase Programme has accumulated ~27.5 tonnes (~TZS 10tn).
What to watch
Whether external repricing feeds through to domestic purchase pricing and reserve accumulation.
Currency
Shilling broadly stable near 2,632 per dollar
Signal
BoT official mean 2,632.48/USD, little changed day-on-day.
Why it matters
The shilling is down ~6.1% YTD; relative stability here eases imported-inflation pressure.
What to watch
Whether the managed float holds near 2,630 into the new fiscal year.
The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m book is +1.81% since inception, with NMB Bank its largest equity position.
Open the current Ghost tracker →What this edition watched
South Africa anti-immigration protests
30 Jun 2026
DIRA 2050 launch & FY2026/27 start
1 Jul 2026
Air Tanzania inaugural Moscow/Zanzibar route
2 Jul 2026
Next BoT T-bill auction No. 1202
Early Jul 2026
Compiled from open-source reporting for information and education only; not investment advice. Sources: Bank of Tanzania, Dar es Salaam Stock Exchange, and named press. Figures are as reported and require refresh against official data.