DSE All-Share
4,082.43
As at DSEI · 10 Jul close · latest verified
Weekly visual edition · Vol. I · No. 192
The Weekly Brief
Saturday, 11 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
2,634
As at BoT mean · 10 Jul sheet · −7.4% YTD
Gold · $/oz
$4,111
As at BoT ref · 10 Jul mark ≈TZS 10.83m/oz
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · May 2026 headline
This edition in 90 seconds
- 01Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tape
- 02One CRDB crossing was 98% of Friday's tape; the index never showed it
- 03No auction this week; the hurdle rate is unchanged, and the bill curve stays steep
The week in review
Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tape
Signal
4,082.43 closed the Saba Saba-shortened week down 0.83%, 8,918.27 down 0.88%; every session lower, none by more than a third of a percent.
Why it matters
It is the first pullback from the 3 Jul record. The drift was orderly, but breadth was clearly negative; 7 counters up against 16 down; so the selling was broad, not a one-name story.
What to watch
Whether the 17 Jul Vision 2050 launch and the ~16 Jul auction give the tape a reason to re-engage, and whether bank breadth reasserts.
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 10 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Equities
One CRDB crossing was 98% of Friday's tape; the index never showed it
Signal
Friday turned over TZS 140.2bn against ~4 to 9bn in every other session this week; CRDB alone was TZS 137.7bn of it (58.5m shares, 1,655 deals).
Why it matters
A block crossing below the board price. The index moved −0.17% that day: price told you nothing about who was actually trading.
What to watch
Whether a second tranche follows, and whether CRDB's price (−3.93% on the week) stabilises once the crossing clears.
Rates
No auction this week; the hurdle rate is unchanged, and the bill curve stays steep
Signal
CBR 6.25%; the 2 Jul auction left the 91-day WAR at 3.45% and the 364-day at 7.12%. Nothing repriced between Monday and Friday.
Why it matters
The front end sits ~280bp BELOW the policy rate while the 364-day sits above it; policy is not yet passing through to short bills.
What to watch
The next auction (~16 Jul) is the test of whether the front end follows the CBR or stays pinned.
FX / Gold
A quiet currency week: the shilling eases 0.19%, gold gives back 1.3%
Signal
USD/TZS drifted to 2,634.46 by Friday, +0.19% on the week; gold eased ~1.3% off the prior Friday's level.
Why it matters
Neither move is large enough to change the hard-currency arithmetic; but for a diaspora reader the TZS drift quietly trims a TZS-denominated return.
What to watch
Whether the shilling's drift persists into the Vision 2050 week, and the June CPI print mid-month.
Source: BoT · first seen 2026-07-11
Go deeper →Policy
Vision 2050 lands Friday; the financing vehicles are the market's real question
Signal
Dira 2050 launches in Dodoma on 17 Jul; the first five-year tranche is funded at TZS 12.50tn, with donor grants set to fall ~39%.
Why it matters
The $1tn path leans on mobilising private and external capital. Named vehicles; LNG-Lindi foremost; would be the first hard evidence.
What to watch
Which flagship projects get named financing vehicles and co-investors, and any MoUs signed around 17 Jul.
Source: Open-source reporting · first seen 2026-07-11
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model book is +4.12% since inception; its largest equity allocation is a bank, so a week of negative bank breadth is the terrain it reads most closely.
Open the current Ghost tracker →What this edition watched
Vision 2050 (Dira 2050) launch
The set-piece of the week: which flagship projects get named financing vehicles and co-investors.
Fri 17 Jul 2026
T-bill auction (No. 1203)
First auction since 2 Jul; tests whether the front end follows the 6.25% CBR or stays ~280bp below it.
~Thu 16 Jul 2026
June CPI print
First inflation-band test after the fuel-subsidy exit and the 2 Jul hike.
~mid-Jul 2026
CRDB follow-through
Whether Friday's block crossing draws a second tranche, or the price steadies once it clears.
Mon 13 Jul 2026
Weekly edition; covers verified DSE sessions Monday to Friday, frozen to the Friday official close. 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 (10 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.