DSE All-Share
4,048.80
As at DSEI · 30 Jun close · record
Permanent edition · Vol. I · No. 182
The Brief
Wednesday, 1 July 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
$4,030
As at 1 Jul 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 Vision 2050 take legal effect as the execution clock starts
- 02DSE All-Share sets a fresh record at 4,048.80 as banks carry the tape into the new fiscal year
- 03BoT holds at 5.75%; 364-day bill at 6.92% as auction No. 1202 is awaited
Day One
Tanzania's record budget and Vision 2050 take legal effect as the execution clock starts
Signal
Tanzania's TZS 62.33tn budget and DIRA 2050 take legal effect today; the DSE All-Share holds a record 4,048.80 as the fiscal year turns.
Why it matters
Day one moves DIRA 2050 from launch to law: FYDP IV's ~TZS 477tn plan, about 70% privately financed, begins operating alongside a budget up 10.3% y/y.
What to watch
TZS 1.2tn arrears clearance cadence and whether the new domestic-borrowing programme pressures yields once auction No. 1202 prints.
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 30 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Capital Markets
DSE All-Share sets a fresh record at 4,048.80 as banks carry the tape into the new fiscal year
Signal
The verified DSE All-Share printed 4,048.80 on 1 Jul, a fresh record, with the Tanzania Share Index at 8,777.10 on a bank-led tape.
Why it matters
A record into the budget turn is a vote of confidence, but breadth is narrow; bank-led and NMB-heavy; so follow-through is the real test.
What to watch
Whether breadth broadens beyond banks as new fiscal-year money arrives and turnover normalises after week-26's +277.74% surge.
Rates
BoT holds at 5.75%; 364-day bill at 6.92% as auction No. 1202 is awaited
Signal
The Central Bank Rate holds at 5.75% for a third quarter; auction No. 1201 (17 Jun) cleared the 91-day at 3.56% and the 364-day at 6.92%.
Why it matters
A held policy stance against a steeper one-year bill says the curve is already pricing more long-end supply as the new borrowing programme opens.
What to watch
Auction No. 1202, the first funding read under the new budget; whether the 364-day WAR holds or climbs as spending steps up.
Commodities
Gold bounces to ~$4,030 but still books its steepest quarterly fall on record
Signal
Gold clawed back to about $4,030/oz by 1 Jul yet closed Q2 with its steepest quarterly fall on record (~−14%) on a hawkish Fed.
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 lower price trims export receipts and reserve value.
What to watch
Whether the rebound holds or the Q3 slide resumes as new Fed chair Kevin Warsh resets rate expectations.
Source: Open-source reporting · first seen 2026-06-30
Go deeper →Diplomacy
'Sovereign pragmatism' frames a trade-first foreign policy as the Russia visit delivers
Signal
Tanzania's 'sovereign pragmatism' leans on trade; June's Russia visit yielded a Dar to Moscow air link from 2 Jul and an investment pipeline.
Why it matters
The posture is the diplomatic counterpart to Vision 2050's private-financing model; courting capital across Gulf, Asian and Western partners without alignment.
What to watch
Whether the courted pipelines convert into signed PPPs; the real test for the ~70% privately financed FYDP IV.
Source: Open-source reporting · first seen 2026-07-01
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m book is +2.80% since inception, with NMB Bank its largest equity position.
Open the current Ghost tracker →What this edition watched
FY2026/27 budget & DIRA 2050 execution begins
From 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 (30 Jun 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.