DSE All-Share
4,082.43
As at DSEI · 10 Jul close · latest verified
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Permanent edition · Vol. I · No. 194
Monday, 13 July 2026
A frozen reading of Tanzania's economy, markets and statecraft. Figures remain bound to their stated observations; this archive never inherits a newer market tape.
DSE All-Share
4,082.43
As at DSEI · 10 Jul close · latest verified
USD / TZS
2,637
As at BoT mean · 13 Jul sheet · −7.6% YTD
Gold · $/oz
$4,092
As at BoT ref · 13 Jul mark ≈TZS 10.79m/oz
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · May 2026 headline
This edition in 60 seconds
Markets
Signal
The market opens the week off the 10 Jul verified close of 4,082.43 (−0.17%), after four straight small declines and one TZS 137.7bn CRDB crossing.
Why it matters
Breadth ran negative all last week (7 up, 16 down) and Friday's turnover was 98% one block — the honest first read is board turnover without the crossing.
What to watch
Whether bank breadth on CRDB and NMB reasserts at ordinary turnover before the expected mid-week auction and Friday's Vision 2050 launch.
Did the domestic market and the headline index tell the same story over the covered quarter?
As at 10 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Rates
Signal
Auction No. 1202 (2 Jul) remains the latest on the BoT register — 91-day WAR 3.4549%, 364-day 7.1175%; No. 1203 is expected ~16 Jul (inferred cadence).
Why it matters
A policy rate the short bill ignores is a policy rate that isn't transmitting; the 364-day already clears the CBR, the 91-day does not.
What to watch
Whether the 91-day WAR steps toward 6.25% at No. 1203, and whether the 364-day holds above 7%.
Macro
Signal
May headline inflation held at 4.2% (April 4.0%); the June print due mid-July is the first month both the fuel-subsidy exit and the 2 Jul hike can show up.
Why it matters
Transport ran +11.9% y/y and diesel +13.8% in the May basket; June is where the fuel pass-through reaches the headline against the 3–5% band.
What to watch
The headline number against the 3–5% band, and the food vs energy contribution.
Source: NBS · first seen 2026-07-12
Go deeper →Policy
Signal
Dira 2050 — a $1tn-economy, $7,000-per-capita plan across nine priority sectors — launches 17 Jul; the first five-year tranche is funded at TZS 12.50tn.
Why it matters
With donor grants set to fall ~39%, the path leans on private and external capital; the market-relevant content is which projects leave the podium with named vehicles.
What to watch
Named financing vehicles, investment MoUs signed around 17 Jul, and any listed-sector read-through in banks, cement and energy.
Source: Open-source reporting · first seen 2026-07-12
Go deeper →FX / Gold
Signal
USD/TZS stands at 2,636.59 on the BoT 13 Jul indicative sheet (10 Jul: 2,634.46); gold's BoT reference mark eased to ≈$4,092/oz on the same sheet.
Why it matters
The drift is small in shillings and decisive in dollars: at −7.6% YTD, the currency is subtracted from every TZS return before it reaches a hard-currency reader.
What to watch
Whether the drift persists through the Vision 2050 week, and whether BoT's ~28-tonne gold accumulation keeps supporting the reserve story.
The Ghost · edition context
The Ghost's hypothetical TZS 500m model book is +4.13% since inception at the 10 Jul mark, with NMB Bank its largest equity position.
Tape read: For a bank-weighted model book this is a rates week before it is an equity week: the mid-week auction sets the risk-free hurdle the book competes against, and Friday's launch frames the credit demand banks might fund — educational, not advice.
Open the current Ghost tracker →What this edition watched
DSE reopens — CRDB follow-through
Mon 13 Jul 2026
T-bill auction No. 1203 (expected)
~16 Jul 2026 (inferred cadence)
June CPI print
~mid-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 (10 Jul 2026, the latest session); rates to the Bank of Tanzania; FX and gold to the BoT 13 Jul indicative sheet; inflation to the NBS. Figures are as reported and require refresh against official data.