DSE All-Share
4,116.73
As at DSEI · 3 Jul close · record
Permanent edition · Vol. I · No. 185
The Brief
Saturday, 4 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
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at May · range top
This edition in 60 seconds
- 01DSE All-Share caps a record week at 4,116.73 with a third straight all-time high
- 02364-day bill clears above 7% at auction No. 1202 as the front end keeps falling
- 03Samia courts vaccine investors as medicines self-sufficiency gets a recruitment drive
Capital Markets
DSE All-Share caps a record week at 4,116.73 with a third straight all-time high
Signal
The verified DSE All-Share closed 3 Jul at a record 4,116.73, +0.65%; the Tanzania Share Index rose 0.96% to 8,997.09.
Why it matters
A third consecutive record close caps the fiscal-year opening week, with the domestic index outpacing the broad board as breadth widens beyond banks.
What to watch
Whether week-27 turnover sustains the surge and the domestic-led breadth carries into the new week.
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 3 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Rates
364-day bill clears above 7% at auction No. 1202 as the front end keeps falling
Signal
Auction No. 1202 (2 Jul) cleared the 91-day at 3.4549%, down from 3.5569%, and the 364-day at 7.1175%, +20bp on the prior auction.
Why it matters
A one-year yield above 7% while the front end falls says the curve is pricing more long-end supply as the borrowing programme opens; durable steepening.
What to watch
Auction No. 1203 (~mid-Jul): whether the 364-day WAR holds above 7% as budget spending steps up.
Policy
Samia courts vaccine investors as medicines self-sufficiency gets a recruitment drive
Signal
President Samia courted vaccine investors, putting an industrial-policy recruitment drive behind 60% medicines self-sufficiency by 2030.
Why it matters
Pharma and medical supplies is the first named Vision-era vertical with dated deliverables; a template for how the USD 1tn ambition becomes projects.
What to watch
Financeable project pipelines and named investors in the pharma vertical ahead of the 17 Jul Vision 2050 launch.
Source: Open-source reporting · first seen 2026-07-04
Go deeper →Capital Markets
Zanzibar passes a TZS 8.52tn budget targeting 7.5% growth; and its own stock exchange
Signal
Zanzibar's TZS 8.52tn budget targets 7.5% growth and commits to establishing the isles' own stock exchange.
Why it matters
A second listing venue inside the Union would be the biggest capital-markets structural change since DSE demutualisation; early-stage but material.
What to watch
Enabling legislation and a timetable for the Zanzibar exchange, and how new listings would interact with the DSE.
Source: Open-source reporting · first seen 2026-07-04
Go deeper →Macro
AfDB pencils in 5.4% growth for 2026 against the government's 6.3% target
Signal
The AfDB's African Economic Outlook 2026 projects Tanzania growth of 5.4% for 2026 versus the government's 6.3% target; a ~0.9pt gap.
Why it matters
The gap is the credibility variable for FYDP IV: revenue, borrowing and project cadence are all budgeted off the higher number.
What to watch
Q1/Q2 GDP outturns and whether early budget-execution data track the 6.3% plan or the 5.4% projection.
Source: Open-source reporting · first seen 2026-07-04
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
June CPI print & BoT Q3 MPC decision
~8 to 15 Jul 2026
BoT T-bill auction No. 1203
~mid-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 (3 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.