DSE All-Share
4,090.11
As at DSEI · 2 Jul close · record
Permanent edition · Vol. I · No. 184
The Brief
Friday, 3 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
2,626
As at −6.1% YTD
Gold · $/oz
$4,054
As at 2 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 extends the record run to 4,090.11 as banks carry the fiscal-year open
- 02Vision 2050's first day: senior officials sworn in and tasked personally with delivery
- 03TRA collections run 5.9% ahead of estimate through March as enforcement bites
Capital Markets
DSE All-Share extends the record run to 4,090.11 as banks carry the fiscal-year open
Signal
The verified DSE All-Share closed 2 Jul at a record 4,090.11, +0.81%; the Tanzania Share Index rose 0.60% to 8,911.97.
Why it matters
A second straight record close confirms the budget-turn bid, with banks carrying the session's turnover led by NMB and CRDB.
What to watch
Whether the record run broadens beyond banks and week-27 turnover sustains the quarter-end surge.
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 2 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Policy
Vision 2050's first day: senior officials sworn in and tasked personally with delivery
Signal
President Samia swore in senior officials on Vision 2050's first day in legal force, tasking them personally with delivery.
Why it matters
All institutions must align policies with the Vision this month; machinery-building that turns the USD 1tn-economy target into assignments.
What to watch
Flagship projects and financing vehicles named at the 17 Jul Dodoma launch.
Source: Open-source reporting · first seen 2026-07-03
Go deeper →Macro
TRA collections run 5.9% ahead of estimate through March as enforcement bites
Signal
TRA collected TZS 30,182.8bn over Jul 2025 to Mar 2026 against a TZS 28,499.5bn estimate, +5.9%; March income tax beat its target by 17.2%.
Why it matters
Revenue running ahead of plan underwrites the TZS 62.33tn budget's TZS 1.2tn arrears earmark without leaning harder on domestic borrowing.
What to watch
Whether the ~TZS 100bn/month arrears-clearance cadence shows up in early FY2026/27 execution data.
Source: Open-source reporting · first seen 2026-07-03
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 holds near $4,054 after its steepest quarterly fall on record
Signal
The BoT gold reference works out near $4,054/oz at the 2-Jul official mean, steady 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
BoT T-bill auction No. 1202 results
Early Jul 2026
June CPI print & BoT Q3 MPC decision
~8 to 15 Jul 2026
Vision 2050 formal launch, Dodoma
17 Jul 2026
~USD 42bn LNG host-government agreement
Jun to 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 (2 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.