DSE All-Share
4,057.22
As at DSEI · 1 Jul close · record
Permanent edition · Vol. I · No. 183
The Brief
Thursday, 2 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
2,625
As at −6.1% YTD
Gold · $/oz
$4,032
As at 1 Jul BoT ref · −14% Q2
BoT rate
5.75%
As at 3rd hold
Inflation
4.2%
As at May · range top
This edition in 60 seconds
- 01DSE All-Share opens the fiscal year at a record 4,057.22 as domestic counters lead
- 02May inflation prints 4.2%; the top of its 12-month range as fuel passes through
- 03Vision 2050 gets its formal launch: 17 July at Jakaya Kikwete Hall, Dodoma
Capital Markets
DSE All-Share opens the fiscal year at a record 4,057.22 as domestic counters lead
Signal
The verified DSE All-Share closed 1 Jul at a record 4,057.22, +0.43%; the Tanzania Share Index reached 8,858.61, up 1.42%.
Why it matters
The fiscal year's first verified session extends June's bank-led run, with domestic counters outpacing the all-share as budget-turn money arrives.
What to watch
Whether breadth holds beyond banks and week-27 turnover confirms week-26's +277.74% surge was more than quarter-end positioning.
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 1 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Macro
May inflation prints 4.2%; the top of its 12-month range as fuel passes through
Signal
Headline inflation rose to 4.2% in May, the top of the 12-month 3.2 to 4.2% range, driven by fuel-price pass-through and transport.
Why it matters
A print at the range top tests the BoT's third straight hold at 5.75%; the bank still expects Q3 inflation inside the 3 to 5% band.
What to watch
The June CPI print and the BoT's Q3 MPC decision in mid-July; whether the fuel channel forces a hawkish tilt.
Source: Open-source reporting · first seen 2026-07-02
Go deeper →Policy
Vision 2050 gets its formal launch: 17 July at Jakaya Kikwete Hall, Dodoma
Signal
Tanzania will formally launch Vision 2050 on 17 July in Dodoma, turning the 29-Jun instruments into a public delivery commitment.
Why it matters
The podium becomes a delivery test for the USD 1tn-economy target; which flagship projects and financing vehicles are named shapes the FDI pipeline.
What to watch
Which projects and financing vehicles are named; the private sector is cast as principal financier of FYDP IV's ~TZS 477tn.
Source: Open-source reporting · first seen 2026-07-02
Go deeper →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 steadies near $4,032 after its steepest quarterly fall on record
Signal
The BoT gold reference works out near $4,032/oz at the 1-Jul official mean, steadying after Q2's record ~14% quarterly fall.
Why it matters
Gold earned Tanzania a record $5.269bn in the year to April and backs ~27.5t of BoT reserves, so the price path drives export receipts and reserve value.
What to watch
Whether the floor holds through Q3 as new Fed leadership resets rate expectations.
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
Vision 2050 formal launch, Dodoma
17 Jul 2026
BoT T-bill auction No. 1202 results
Early Jul 2026
~USD 42bn LNG host-government agreement
Jun to Jul 2026
June CPI print & BoT Q3 MPC decision
Mid-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 (1 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.