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4,040.04
As at DSEI · 29 Jun close
Permanent edition · Vol. I · No. 181
The Brief
Tuesday, 30 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
$3,986
As at 30 Jun spot · ~−14% Q2
BoT rate
5.75%
As at 3rd hold
Inflation
4.0%
As at Apr
This edition in 60 seconds
- 01Tanzania's record budget and DIRA 2050 take legal effect tomorrow as the fiscal year turns
- 02Gold near $3,986 on course for its steepest quarterly fall on record
- 03BoT holds at 5.75%; 364-day bill at 6.92% into the new fiscal year
Tomorrow
Tanzania's record budget and DIRA 2050 take legal effect tomorrow as the fiscal year turns
Signal
Tanzania's fiscal year closes today; the TZS 62.33tn FY2026/27 budget and the DIRA 2050 instruments take legal effect tomorrow, 1 July.
Why it matters
It turns DIRA 2050 from launch into law: the 25-year plan, FYDP IV and a record budget up 10.3% y/y begin operating together, ~70% privately financed.
What to watch
TZS 1.2tn arrears disbursement cadence and any domestic-borrowing pressure on yields once the new measures bite from 1 July.
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 29 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Commodities
Gold near $3,986 on course for its steepest quarterly fall on record
Signal
Global gold traded near $3,986/oz on 30 Jun, heading for a ~14% Q2 drop; its steepest quarterly fall on record; on a firmer dollar.
Why it matters
Tanzania's gold exports are up 38.5% y/y and the BoT holds ~27.5t (~TZS 10tn) in reserves, so a sustained slide trims export receipts and reserve value.
What to watch
Whether the Q3 slide deepens after the Fed's flagged September turn, pressuring BoT reserve valuation and export earnings.
Rates
BoT holds at 5.75%; 364-day bill at 6.92% into the new fiscal year
Signal
The Central Bank Rate held at 5.75% for a third quarter; auction No. 1201 (17 Jun) cleared the 364-day at 6.92%, up ~54bp.
Why it matters
A steeper front end while policy holds points to expected fiscal supply as the new budget's borrowing programme opens from 1 July.
What to watch
Auction No. 1202 in early July is the first funding read under the new budget; confirms whether the 364-day steepening persists.
Currency
Shilling holds near 2,632/USD as the budget year turns
Signal
The Bank of Tanzania official mean held near 2,632/USD into the fiscal-year turn, down ~6.1% YTD, broadly stable.
Why it matters
Currency stability underpins official reserves and import cover as DIRA 2050 spending and arrears clearance begin from 1 July.
What to watch
Whether FX stability holds once 1 July budget measures and the TZS 1.2tn arrears clearance begin.
Energy
~USD 42bn LNG project nears its host-government agreement
Signal
An Equinor/Shell-led consortium is targeting a host-government agreement in June to July for Tanzania's ~USD 42bn LNG project.
Why it matters
At 47+ tcf, 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 2026-06-30
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
FY2026/27 budget & DIRA 2050 take legal effect
1 Jul 2026
Next BoT T-bill auction No. 1202
Early Jul 2026
~USD 42bn LNG host-government agreement
Jun to Jul 2026
Gold's record quarterly slide & the Fed's hawkish turn
Through Q3 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 (29 Jun 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.