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KCP.

Permanent edition · Vol. I · No. 175

The Brief

Wednesday, 24 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.

DSE All-Share

3,916.88

As at +0.38% d/d (DSE); +67.6% y/y

USD / TZS

2,632

As at −6.1% YTD

Gold · $/oz

$4,079

As at Fed repricing

BoT rate

5.75%

As at 3rd hold

Inflation

4.0%

As at Apr

This edition in 60 seconds

  1. 01Vision 2050 launch nears as DIRA planning instruments reach parliament
  2. 02DSE All-Share firms 0.38% to 3,931.59, up 67.6% on the year
  3. 03364-day T-bill yield at 6.92% as the long end steepens

Strategy

Vision 2050 launch nears as DIRA planning instruments reach parliament

Signal

DIRA 2050 planning instruments (LTPP, FYDP IV, the 2026/27 plan) are before parliament ahead of a formal launch.

Why it matters

The package gives Vision 2050 an implementation spine just as FY2026/27 begins, shaping the medium-term policy and financing backdrop.

What to watch

President Samia's launch event in Dar es Salaam, expected in the coming days, and the first strategic-project funding commitments.

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 23 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.

Markets

DSE All-Share firms 0.38% to 3,931.59, up 67.6% on the year

Signal

The All-Share rose 0.38% to 3,931.59 at the 24 June DSE official close, +67.6% y/y.

Why it matters

Continued firmness after a strong Week 25 (+1.35% w/w, turnover +81%) points to durable participation.

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 settled ~54bp higher at 6.92% at auction 1201; 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 ahead of FY2026/27 borrowing.

What to watch

BoT auction No. 1202 in early July for whether the long-end climb continues.

Gold

Gold eases to ~$4,079/oz on hawkish-Fed repricing

Signal

Spot gold near USD 4,079/oz, down from ~$4,129 a day earlier on hawkish-Fed repricing.

Why it matters

Gold is a major export earner; the BoT's purchase programme holds ~27.5 tonnes (~TZS 10tn) and exports are +38.5% y/y.

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 2,631.58/USD, broadly stable day-on-day despite a firmer dollar.

Why it matters

The shilling is down ~6.1% YTD; relative stability eases imported-inflation pressure into the new fiscal year.

What to watch

Whether the managed float holds near 2,630 as FY2026/27 begins.

The Ghost · edition context

The model-book allocation read

The Ghost's hypothetical TZS 500m book is +1.84% since inception, with NMB Bank its largest equity position.

Open the current Ghost tracker →

What this edition watched

  1. Vision 2050 (DIRA 2050) formal launch

    Late Jun 2026

  2. FY2026/27 begins; TZS 62.33tn budget & FYDP IV take effect

    1 Jul 2026

  3. Government institutional alignment with Vision 2050

    Jul 2026

  4. 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.