DSE All-Share
4,102.06
As at DSEI · 8 Jul close · latest verified (Wk28 tape pending)
Permanent edition · Vol. I · No. 190
The Brief
Thursday, 9 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 BoT mean · latest sheet · −7.4% YTD
Gold · $/oz
$4,168
As at BoT ref · latest mark ≈TZS 10.96m/oz
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · May 2026 headline
This edition in 60 seconds
- 01Saba Saba reframed as a managed trade showcase as the runway to the 17 July Vision 2050 launch clears
- 02The DSE reopens after Saba Saba with the verified tape at 4,102 and Week 28 breadth the open question
- 03The front end waits on auction No. 1203: 91-day bills at 3.45% sit ~280bp below the 6.25% CBR
Politics
Saba Saba reframed as a managed trade showcase as the runway to the 17 July Vision 2050 launch clears
Signal
Saba Saba passed as a state-managed trade showcase; the President handing awards at the Dar trade fair; not the feared flashpoint.
Why it matters
Deterrence held and the path to the 17 Jul Dodoma launch is clear; quiet-by-management is not quiet-by-consent; the reform grievance is deferred.
What to watch
Which ≈TZS 120tn anchor projects; LNG-Lindi foremost; get named financing vehicles from the 17 Jul podium.
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 8 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Markets
The DSE reopens after Saba Saba with the verified tape at 4,102 and Week 28 breadth the open question
Signal
The DSE returns from the holiday with the last verified close at 4,102.06 (8 Jul, −0.02%); the Week 28 tape is not yet reported.
Why it matters
Week 27 banks led breadth +4.80% w/w on CRDB and NMB; the test is whether that momentum survived the pause at normal turnover.
What to watch
The Week 28 report (9 to 11 Jul) and whether bank breadth and foreign flow held post-holiday.
Rates
The front end waits on auction No. 1203: 91-day bills at 3.45% sit ~280bp below the 6.25% CBR
Signal
Auction No. 1202 (2 Jul) cleared the 91-day at 3.4549% and the 364-day at 7.1175% on 3.6x demand; re-verified 9 Jul from bot.go.tz.
Why it matters
No. 1203, due ~16 Jul, is the first real test of policy pass-through; whether bill yields follow the CBR higher or demand keeps them pinned.
What to watch
The 91-day WAR at No. 1203 and whether the 364-day holds above 7%.
Macro
Current-account deficit widening on imports is the counterweight to a +5.9% TRA revenue beat
Signal
BoT reporting flags a widening current-account deficit on imports, set against TRA collections of TZS 30.18tn (+5.9% vs estimate) to March.
Why it matters
External balance is the check on the revenue story; ~4.3 months of import cover is the FX/reserves buffer to watch as import demand runs.
What to watch
Reserve cover and USD/TZS (BoT mean 2,632) as the import bill runs against the fiscal take.
Macro
June CPI print, due this week, is the first band test after the fuel-subsidy exit and the 50bp hike
Signal
June CPI, scheduled 8 Jul, is the first test of the 3 to 5% band after the fuel-subsidy exit and 50bp hike; not yet independently verified.
Why it matters
May headline held at 4.2% with transport +11.9% y/y and diesel +13.8%; June is where the fuel pass-through shows up in the band.
What to watch
The June CPI band test, then T-bill auction No. 1203 around 16 Jul.
Source: Open-source reporting · first seen 2026-07-08
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m book is +4.29% since inception, with NMB Bank its largest equity position.
Open the current Ghost tracker →What this edition watched
June CPI print
~mid-Jul 2026
DSE Week 28 tape & report
9-11 Jul 2026
BoT T-bill auction No. 1203
~16 Jul 2026
Vision 2050 formal launch, Dodoma
17 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 (8 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.