Strategy
DIRA 2050 launches 1 July with a $47bn strategic-project spine
Tanzania's long-term development blueprint, DIRA 2050, is set to launch on 1 July, anchored by a roughly USD 47bn pipeline of strategic projects. LNG, Kabanga Nickel, Engaruka soda ash and the Liganga–Mchuchuma iron-and-coal complex headline the capital programme as Vision 2025 draws to a close. The scale of the ambition — and the financing behind it — places fresh attention on domestic borrowing and the government-securities curve.
Source: Open-source reporting · Edition 23 Jun 2026 · Data open-source · interpretation: Medium confidence
Go deeper →Markets
DSE adds 1.35% in Week 25 as turnover jumps 81%
SignalEquity turnover jumped 81.3% w/w to TZS 48.99bn; the All-Share added 1.35%.
Why it mattersA liquidity surge on a normally thin market points to renewed participation — AFRIPRISE, EABL and NMB led the breadth.
What to watchWhether turnover and breadth carry into Week 26 or fade back to typical thin volumes.
Source: Dar es Salaam Stock Exchange · Edition 23 Jun 2026
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Rates
364-day T-bill yield at 6.92% as the long end steepens
SignalThe 364-day weighted yield rose ~54bp to 6.92%; the 91-day eased to 3.56%.
Why it mattersA steepening curve with the Central Bank Rate held at 5.75% reflects term-premium repricing at the long end.
What to watchBoT auction No. 1202 in early July for whether the long-end climb continues.
Source: Bank of Tanzania · Edition 23 Jun 2026
Go deeper →Gold
Gold near $4,129/oz, off ~1.5% on Fed repricing
SignalSpot gold near USD 4,129/oz, off ~1.5% on Fed-hike repricing.
Why it mattersGold is about a third of exports; the BoT's Domestic Gold Purchase Programme has accumulated ~27.5 tonnes (~TZS 10tn).
What to watchWhether external repricing feeds through to domestic purchase pricing and reserve accumulation.
Source: Bank of Tanzania · Edition 23 Jun 2026
Go deeper →Currency
Shilling broadly stable near 2,632 per dollar
SignalBoT official mean 2,632.48/USD, little changed day-on-day.
Why it mattersThe shilling is down ~6.1% YTD; relative stability here eases imported-inflation pressure.
What to watchWhether the managed float holds near 2,630 into the new fiscal year.
Source: Bank of Tanzania · Edition 23 Jun 2026
Go deeper →The Ghost
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.
Open the Ghost tracker → The terrain it reads →