DSE All-Share
4,091.35
As at DSEI · 15 Jul close · latest verified
Permanent edition · Vol. I · No. 197
The Brief
Thursday, 16 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 · 15 Jul sheet · −7.6% YTD
Gold · $/oz
$4,080
As at BoT ref · 15 Jul mark ≈TZS 10.75m/oz
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.0%
As at NBS · Jun 2026 headline
This edition in 60 seconds
- 01The crossing did not repeat; turnover falls 28x to TZS 2.71bn and the All-Share gains for the first time in seven sessions
- 02Auction No. 1203 answers the pass-through test the wrong way: the 91-day eases to 3.35% and the gap to a 6.25% CBR widens
- 03No Vision 2050 launch falls on 17 July; Dira 2050 was launched in July 2025, and this Brief withdraws the dated event it carried
Markets
The crossing did not repeat; turnover falls 28x to TZS 2.71bn and the All-Share gains for the first time in seven sessions
Signal
The board turned over ≈TZS 2.71bn on 15 Jul against ≈TZS 75.7bn on 14 Jul; 13 names rose, 6 fell, and all five indices closed higher.
Why it matters
The 28x drop confirms Tuesday's CRDB line was a crossing, not breadth; the index rose to 4,091.35 (+0.28%), ending a six-session slide off the 3 Jul peak.
What to watch
Whether breadth holds at ordinary turnover, and whether NMB and CRDB; 89% of Wednesday's value; stay the only size on the board.
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 15 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Rates
Auction No. 1203 answers the pass-through test the wrong way: the 91-day eases to 3.35% and the gap to a 6.25% CBR widens
Signal
BoT Auction No. 1203, held 15 Jul: 91-day WAR 3.3472%, −10.8bp from No. 1202; 364-day 7.0258%, −9.2bp. Every tenor oversubscribed.
Why it matters
The front end is easing through the July hike rather than toward it; the 91-day now sits ~290bp below the CBR, a wider gap than before the 50bp move.
What to watch
Whether No. 1204 (~29 Jul, cadence-inferred) extends a second decline, and whether the 364-day holds above 7%.
Correction
No Vision 2050 launch falls on 17 July; Dira 2050 was launched in July 2025, and this Brief withdraws the dated event it carried
Signal
Earlier editions listed a “Vision 2050 launch, Dodoma, Thu 17 Jul 2026”. No such event is scheduled; the item is withdrawn.
Why it matters
Dira 2050 was launched in July 2025 and its planning instruments slated for 29 Jun 2026 in Dar; implementation began 1 Jul; no launch is left to hold.
What to watch
Named financing vehicles against the TZS 12.50tn first Five-Year Plan allocation, rather than a launch date.
Source: Open-source reporting · first seen 2026-07-16
Go deeper →Regulation
BoT frames crypto as an AML question first; the Governor cites terror-financing and illicit flows, with no text gazetted
Signal
The Governor is reported citing terror-financing and illicit-flow risk behind BoT's crypto posture; no text or licensing regime published.
Why it matters
An AML-led framing implies a narrower perimeter than a market-development one; until a text is gazetted, nothing changes for bank or mobile-money rails.
What to watch
The gazetted text, custody and licensing terms, treatment of foreign stablecoins, and any CBDC linkage.
Source: Open-source reporting · first seen 2026-07-12
Go deeper →Corridors
The Tanzania to Burundi border post gets its first dated marker: an AfDB Expression of Interest for Manyovu/Mugina Phase 1
Signal
The AfDB issued an Expression of Interest for Phase 1 of the Manyovu/Mugina One Stop Border Post on the Tanzania to Burundi frontier.
Why it matters
An EoI is a sourcing step, not a signed works contract; but it is the first dated step on a corridor that has carried announcements without instruments.
What to watch
Tender award, works contract and disclosed funding source on Manyovu/Mugina, and the construction start date.
Source: African Development Bank · first seen 2026-07-16
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model book is +4.10% since inception at the 14 Jul mark, with NMB Bank its largest equity allocation.
Tape read: Wednesday's breadth reads through to a bank-weighted model book in a way Tuesday's single crossing did not; the 15 Jul auction lowered the risk-free hurdle behind it; educational, not advice.
Open the current Ghost tracker →What this edition watched
T-bill auction No. 1204; 91-day pass-through
Whether a second 91-day decline through the hike makes the transmission gap the quarter's central rates fact
≈29 Jul 2026 · cadence-inferred, not an official BoT date
NBS July CPI release
June's 4.0% masked transport at +13.6% y/y; the mix matters more than the headline print
Early Aug 2026
DSE Week 29 weekly report
A fifth straight week of foreign net selling would move a streak toward a regime; turnover ex-block is the number
Late Jul 2026
Next Monetary Policy Committee
No MPC is due before Q4; until then the shilling rests on reserves and the gold programme, not the CBR
≈ Early Oct 2026 · quarterly cadence; 2026/27 calendar unpublished
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 (15 Jul 2026); rates to the Bank of Tanzania; FX to the BoT 15 Jul indicative sheet and gold to the BoT 15 Jul mark; inflation to the NBS. Figures are as reported and require refresh against official data.