Markets
DSE All-Share climbs 1.21% to 3,979 as banks drive the tape into the fiscal-year turn
Signal: The DSE All-Share rose 1.21% to 3,979.24 on 26 June, a bank-led session in which CRDB and NMB together accounted for over 80% of the day's turnover.
Why it matters: Breadth stayed narrow — MKCB led the board at +10.75% — but value concentrated in the two big banks as the market positions for the 1 July fiscal-year turn.
What to watch: Whether the selective, bank-led bid carries into the new fiscal year; the DSE's verified Week 26 index prints in early July.
Source: Dar es Salaam Stock Exchange · as at 26 Jun 2026
Go deeper →Strategy
DIRA 2050 implementation instruments launch 29 June
Signal: President Samia presides over the 29 June launch of DIRA 2050's implementation instruments in Dar es Salaam, with operational start set for 1 July.
Why it matters: The long-term plan (2026/27–2050/51), FYDP IV and the 2026/27 budget now move together, giving the USD 1tn-by-2050 ambition an execution spine.
What to watch: First strategic-project funding commitments and PPP frameworks signalled at the ceremony.
Source: Open-source reporting · as at 26 Jun 2026
Go deeper →Rates
BoT holds at 5.75%; 364-day T-bill jumps to 6.92%
Signal: The Central Bank Rate stayed at 5.75% for a third straight quarter; at auction No. 1201 on 17 June the 364-day weighted-average yield cleared 6.92%, up ~54bp.
Why it matters: A steeper front end even as policy holds — the long bill richening points to expected fiscal supply ahead of the new year's borrowing programme.
What to watch: Auction No. 1202 in early July confirms whether the 364-day steepening persists.
Source: Bank of Tanzania · as at 26 Jun 2026
Go deeper →Currency
Shilling steady near 2,632/USD; gold firm at ~$4,010
Signal: The Bank of Tanzania official mean held near 2,632/USD into the fiscal-year turn, down roughly 6.1% YTD, while global gold traded firm around $4,010/oz.
Why it matters: A stable shilling and elevated gold — exports up 38.5% y/y — underpin official reserves of about USD 6.08bn as DIRA 2050 spending begins.
What to watch: Whether FX stability holds once 1 July budget measures and arrears clearance begin.
Source: Bank of Tanzania · as at 26 Jun 2026
Go deeper →Fiscal
TRA beats target with TZS 28tn collected in nine months
Signal: TRA collected TZS 28.0tn from July 2025–March 2026 against a TZS 26.8tn target; the Jan–Mar quarter alone was TZS 9.31tn, up 23.6% year-on-year.
Why it matters: The overshoot helps fund the TZS 1.2tn arrears clearance without leaning harder on borrowing as the record FY2026/27 budget takes effect.
What to watch: TZS 1.2tn arrears disbursement and any domestic-borrowing pressure on yields after 1 July.
Source: Open-source reporting · as at 26 Jun 2026
The Ghost
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The Ghost's hypothetical TZS 500m book is +2.19% since inception, with NMB Bank its largest equity position.
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