The Brief

TZS 62.33tn FY2026/27 budget takes effect 1 July

Tanzania's FY2026/27 national budget of TZS 62.33tn — up 10.3% year-on-year — comes into force on 1 July, with new tax measures arriving alongside it. Domestic revenue is targeted to rise to 17.1% of GDP from 16.5%, and tax revenue to 13.7% from 13.2%. The heavier spending and revenue ambition raise the prospect of more domestic borrowing, a factor worth watching on the government-securities curve.

Turnover jumps 30% as TOL leads, but breadth stays thin

Week-24 equity turnover reached TZS 27.03bn, up 30.51% w/w on roughly 6.96m shares across 21,844 deals. TOL led the board with a 30.63% surge, even as overall market breadth stayed thin.

364-day T-bill yield jumps to 6.92% at auction 1201

At Bank of Tanzania auction No. 1201 on 17 June, the 364-day weighted-average yield rose to 6.92% while the 91-day eased to 3.56%. All tenors were oversubscribed, and the Central Bank Rate stays at 5.75% — a third straight hold.

BoT gold holdings reach 27.5 tonnes under purchase programme

The Bank of Tanzania said its Domestic Gold Purchase Programme has accumulated about 27.5 tonnes — worth roughly TZS 10tn, or near 36% of total foreign assets. Gold makes up about a third of exports, with shipments up 38.5% y/y to about USD 5.2bn in the year to March.

Shilling holds steady near 2,630 per dollar

The Bank of Tanzania official mean stood at 2,630.24/USD on 22 June (buy 2,617.16 / sell 2,643.33), little changed from about 2,628 a week earlier. The shilling remains down roughly 6.1% year-to-date.

The model book

The Ghost's hypothetical TZS 500m book is +1.81% since inception, with NMB Bank its largest equity position.

Ghost relevance: how today’s rates, FX, gold and inflation read against a hypothetical model-book — educational, not advice.