DSE All-Share
4,079.98
As at DSEI · 14 Jul close · latest verified
Permanent edition · Vol. I · No. 196
The Brief
Wednesday, 15 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
2,636
As at BoT mean · 14 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
4.0%
As at NBS · Jun 2026 headline · full release pending
This edition in 60 seconds
- 01CRDB alone was 97% of Tuesday's board; TZS 73.4bn on 27.2m shares as the All-Share eased a sixth session
- 02Auction No. 1203 is the pass-through test: the 91-day at 3.45% still sits ~280bp below the 6.25% CBR
- 03TCCL round-trips: Monday's 8.8% volume bid becomes a 7.2% give-back, and the losers outnumber the gainers
Markets
CRDB alone was 97% of Tuesday's board; TZS 73.4bn on 27.2m shares as the All-Share eased a sixth session
Signal
CRDB traded 27,207,433 shares for ≈TZS 73.4bn of the board's ≈TZS 75.7bn on 14 Jul; the stock closed at 2,680, +0.37%.
Why it matters
One line at 97% of turnover reads as a large crossing, not breadth; the index still eased to 4,079.98 (−0.02%), a sixth decline since the 3 Jul peak.
What to watch
Whether CRDB's size repeats at ordinary turnover, and whether breadth returns before Thursday's Vision 2050 launch.
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 14 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Rates
Auction No. 1203 is the pass-through test: the 91-day at 3.45% still sits ~280bp below the 6.25% CBR
Signal
The BoT register re-checked 14 Jul still shows Auction No. 1202 (2 Jul); 91-day WAR 3.4549%, 364-day 7.1175%; No. 1203 expected ~15 to 16 Jul.
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%.
Markets
TCCL round-trips: Monday's 8.8% volume bid becomes a 7.2% give-back, and the losers outnumber the gainers
Signal
TCCL closed 14 Jul at −7.20% after +8.78% on 13 Jul; PAL −7.89% and TOL −4.14% led the fallers against SWIS +1.57% and DCB +1.06%.
Why it matters
The one-session bid did not hold, and the day's moves sit in thin small-caps; churn at the edges of the board rather than a bank-led rotation.
What to watch
Whether TCCL steadies at ordinary volume, and whether CRDB and NMB carry breadth once the crossing clears.
Policy
Vision 2050 launches Thursday in Dodoma with the IMF programme closed and a 4.0% June CPI as podium credentials
Signal
Dira 2050; a $1tn-economy plan across nine sectors; launches 17 Jul; the VNR went to the UN on 14 Jul, the IMF closed ECF/RSF on 10 Jul.
Why it matters
With donor grants set to fall ~39%, delivery leans on private and external capital; the market test is named financing vehicles, LNG-Lindi foremost.
What to watch
Named vehicles and MoUs around the launch, and any listed-sector read-through in banks, cement and energy.
Source: Open-source reporting · first seen 2026-07-02
Go deeper →Regulation
BoT is reported to be finalising crypto and stablecoin rules, with no text, licensing regime or date published
Signal
The Governor is reported saying the framework is being finalised; no regulation text, licensing regime or effective date has been published.
Why it matters
A defined perimeter is what would let regulated banks and mobile-money rails touch the asset class at all; until it is gazetted, nothing changes operationally.
What to watch
Publication of the regulation text, custody and licensing terms, treatment of foreign stablecoins, and any CBDC linkage.
Source: Open-source reporting · first seen 2026-07-12
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model book is +4.05% since inception at the 13 Jul mark, with NMB Bank its largest equity allocation.
Tape read: A board carried by one crossing tells a bank-weighted model book little about breadth; the auction due this week sets the risk-free hurdle behind it; educational, not advice.
Open the current Ghost tracker →What this edition watched
T-bill auction No. 1203; 91-day pass-through
Decides whether the 50bp hike transmits; sets the deposit-vs-bill switch maths
~15 to 16 Jul 2026
Full NBS June CPI release
Confirms the 4.0% flash and the food-vs-transport split behind it
mid-Jul 2026
Vision 2050 launch, Dodoma
Named financing vehicles vs restated targets; IMF exit and 4.0% CPI as podium credentials
Thu 17 Jul 2026
DSE breadth after the CRDB crossing
Whether ordinary turnover returns once the block clears, and whether the six-session drift bottoms
This week
BoT crypto and stablecoin framework
The gazetted text, not the statement, is what changes anything for bank and mobile-money rails
Undated
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 (14 Jul 2026); rates to the Bank of Tanzania; FX to the BoT 14 Jul indicative sheet and gold to the BoT 13 Jul mark; inflation to the NBS. Figures are as reported and require refresh against official data.