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4,025.11
As at DSEI · 26 Jun close
Permanent edition · Vol. I · No. 180
The Brief
Monday, 29 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
$4,064
As at 29 Jun spot
BoT rate
5.75%
As at 3rd hold
Inflation
4.0%
As at Apr
This edition in 60 seconds
- 01DIRA 2050's implementation instruments launch today as Tanzania's new fiscal year opens
- 02BoT holds at 5.75%; 364-day T-bill at 6.92% into the new year
- 03Shilling steady near 2,632/USD; gold firm at ~$4,064
Today
DIRA 2050's implementation instruments launch today as Tanzania's new fiscal year opens
Signal
President Samia launches DIRA 2050's implementation instruments in Dar today; FYDP IV and the 2026/27 budget take legal effect 1 July.
Why it matters
It hands the USD 1tn-by-2050 ambition an execution spine; long-term plan, FYDP IV and the record TZS 62.33tn budget now move together from 1 July.
What to watch
First strategic-project funding commitments and PPP frameworks at today's ceremony; plus the ~USD 42bn LNG host-government agreement.
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 26 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Rates
BoT holds at 5.75%; 364-day T-bill at 6.92% into the new year
Signal
The Central Bank Rate stayed at 5.75% for a third straight quarter; auction No. 1201 (17 Jun) cleared the 364-day at 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.
Currency
Shilling steady near 2,632/USD; gold firm at ~$4,064
Signal
The Bank of Tanzania official mean held near 2,632/USD into the fiscal-year turn, down ~6.1% YTD, while global gold traded around $4,064/oz.
Why it matters
A stable shilling and elevated gold; exports up 38.5% y/y; underpin official reserves of about USD 5.72bn as DIRA 2050 spending begins.
What to watch
Whether FX stability holds once 1 July budget measures and arrears clearance begin.
Energy
~USD 42bn LNG project nears its final legal framework
Signal
An Equinor/Shell-led consortium (with ExxonMobil and TPDC) is targeting a host-government agreement this month for Tanzania's ~USD 42bn LNG project.
Why it matters
At 47+ tcf and ~100k jobs, a signed deal would be the clearest proof the DIRA 2050 private-financing model can close bankable megaprojects.
What to watch
Whether the host-government agreement is signed in June to July; the near-term credibility test for Vision 2050 financing.
Source: Open-source reporting · first seen 2026-06-29
Go deeper →Fiscal
TRA beats target with TZS 28tn collected in nine months
Signal
TRA collected TZS 28.0tn from July 2025 to March 2026 against a TZS 26.8tn target; the Jan to 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 · first seen 2026-06-25
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m book is +2.30% since inception, with NMB Bank its largest equity position.
Open the current Ghost tracker →What this edition watched
DIRA 2050 implementation instruments launch ceremony
29 Jun 2026
FY2026/27 budget & DIRA 2050 take legal effect
1 Jul 2026
~USD 42bn LNG host-government agreement
Jun to 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. Equity and index figures reconcile to the Dar es Salaam Stock Exchange verified close (26 Jun 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.