DSE All-Share
4,048.80
As at DSEI · 30 Jun close · record
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Permanent edition · Vol. I · No. 182
Wednesday, 1 July 2026
A frozen reading of Tanzania's economy, markets and statecraft. Figures remain bound to their stated observations; this archive never inherits a newer market tape.
DSE All-Share
4,048.80
As at DSEI · 30 Jun close · record
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
Day One
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 tell the same story over the covered quarter?
As at 30 Jun 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Capital Markets
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
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
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
Signal
Tanzania's 'sovereign pragmatism' leans on trade; June's Russia visit yielded a Dar–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 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–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.