USD / TZS 2,632Gold · $/oz $4,079 ▼ 1.2%BoT rate 5.75%Inflation 4.0% 23 Jun 2026 verified close
Tanzania Intelligence

The Brief

Vol. I · No. 175
Wednesday, 24 June 2026
Verified closeDSE · BoT · frozen to the covered session23 Jun 2026 verified close

A daily reading of the forces shaping Tanzania’s economy, markets and statecraft — and the world that moves them. Information and education, never advice.

The Brief is written the morning after the market closes. This edition analyses Tuesday, 23 June 2026 — the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.


DSE All-Share
3,916.88▲ 0.08%
+0.38% d/d (DSE); +67.6% y/y
Tanzania Share Index
8,612.12
TSI · 23 Jun · domestic
USD / TZS
2,632
−6.1% YTD
Gold · $/oz
$4,079▼ 1.2%
Fed repricing
BoT rate
5.75%
3rd hold
91-day T-bill
3.35%
BoT WAR · latest auction
364-day T-bill
7.03%
BoT WAR · latest auction
Inflation
4.0%
Apr
Today in 60 seconds
  1. Vision 2050 launch nears as DIRA planning instruments reach parliament
  2. DSE All-Share firms 0.38% to 3,931.59, up 67.6% on the year
  3. 364-day T-bill yield at 6.92% as the long end steepens
WatchVision 2050 (DIRA 2050) formal launchLate Jun 2026
Read the full Brief ↓

Did the domestic-only and all-share indices tell the same story over the covered quarter?

The domestic market against the headline index

2026-03-23 = 100 · frozen at the 2026-06-23 covered session

-0.6%TSI · quarter-0.6%DSEI · quarter
Coverage 2026-03-23 → 2026-06-23 Vintage 2026-06-23 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateIndexRebasedRaw level
2026-03-23Tanzania Share Index1008,660.12
2026-03-24Tanzania Share Index100.15018,673.12
2026-03-25Tanzania Share Index99.8988,651.29
2026-03-26Tanzania Share Index99.76858,640.07
2026-03-27Tanzania Share Index99.77678,640.78
2026-03-30Tanzania Share Index99.38538,606.89
2026-03-31Tanzania Share Index98.19418,503.73
2026-04-01Tanzania Share Index97.82228,471.52
2026-04-02Tanzania Share Index97.64098,455.82
2026-04-08Tanzania Share Index97.92538,480.45
2026-04-09Tanzania Share Index99.08068,580.5
2026-04-10Tanzania Share Index100.75748,725.71
2026-04-13Tanzania Share Index101.42388,783.42
2026-04-14Tanzania Share Index102.11828,843.56
2026-04-15Tanzania Share Index101.75528,812.12
2026-04-16Tanzania Share Index100.71538,722.07
2026-04-17Tanzania Share Index99.51418,618.04
2026-04-20Tanzania Share Index98.95498,569.61
2026-04-21Tanzania Share Index98.84748,560.3
2026-04-22Tanzania Share Index98.80948,557.01
2026-04-23Tanzania Share Index98.19998,504.23
2026-04-24Tanzania Share Index97.73718,464.15
2026-04-27Tanzania Share Index97.43028,437.57
2026-04-28Tanzania Share Index98.36628,518.63
2026-04-29Tanzania Share Index99.89878,651.35
2026-04-30Tanzania Share Index100.17428,675.21
2026-05-04Tanzania Share Index98.82028,557.95
2026-05-05Tanzania Share Index97.57798,450.36
2026-05-06Tanzania Share Index96.478,354.42
2026-05-07Tanzania Share Index95.62748,281.45
2026-05-08Tanzania Share Index96.68318,372.87
2026-05-11Tanzania Share Index98.20958,505.06
2026-05-12Tanzania Share Index98.19918,504.16
2026-05-13Tanzania Share Index97.7788,467.69
2026-05-14Tanzania Share Index97.19728,417.39
2026-05-15Tanzania Share Index97.10038,409
2026-05-18Tanzania Share Index97.54968,447.91
2026-05-19Tanzania Share Index97.69258,460.29
2026-05-20Tanzania Share Index97.42118,436.78
2026-05-21Tanzania Share Index98.44598,525.53
2026-05-22Tanzania Share Index98.86948,562.21
2026-05-25Tanzania Share Index100.58588,710.85
2026-05-26Tanzania Share Index101.21498,765.33
2026-05-28Tanzania Share Index101.44978,785.67
2026-05-29Tanzania Share Index101.32078,774.49
2026-06-01Tanzania Share Index101.75888,812.43
2026-06-02Tanzania Share Index102.42178,869.84
2026-06-03Tanzania Share Index101.9748,831.07
2026-06-04Tanzania Share Index102.32238,861.23
2026-06-05Tanzania Share Index101.78328,814.55
2026-06-08Tanzania Share Index101.82188,817.89
2026-06-09Tanzania Share Index101.37158,778.89
2026-06-10Tanzania Share Index100.76888,726.7
2026-06-11Tanzania Share Index99.78278,641.3
2026-06-12Tanzania Share Index99.23798,594.12
2026-06-15Tanzania Share Index98.16688,501.36
2026-06-16Tanzania Share Index99.23088,593.51
2026-06-17Tanzania Share Index99.52138,618.66
2026-06-18Tanzania Share Index99.9878,658.99
2026-06-19Tanzania Share Index99.86618,648.52
2026-06-22Tanzania Share Index99.57268,623.11
2026-06-23Tanzania Share Index99.44578,612.12
2026-03-23DSE All Share1003,940.73
2026-03-24DSE All Share99.91093,937.22
2026-03-25DSE All Share99.54813,922.92
2026-03-26DSE All Share98.89343,897.12
2026-03-27DSE All Share98.89643,897.24
2026-03-30DSE All Share98.43563,879.08
2026-03-31DSE All Share97.68373,849.45
2026-04-01DSE All Share97.47433,841.2
2026-04-02DSE All Share97.45253,840.34
2026-04-08DSE All Share98.02243,862.8
2026-04-09DSE All Share99.05223,903.38
2026-04-10DSE All Share100.29083,952.19
2026-04-13DSE All Share100.99963,980.12
2026-04-14DSE All Share101.70764,008.02
2026-04-15DSE All Share101.46983,998.65
2026-04-16DSE All Share100.40783,956.8
2026-04-17DSE All Share99.39783,917
2026-04-20DSE All Share98.82893,894.58
2026-04-21DSE All Share98.5843,884.93
2026-04-22DSE All Share98.64093,887.17
2026-04-23DSE All Share98.02143,862.76
2026-04-24DSE All Share97.96313,860.46
2026-04-27DSE All Share97.72173,850.95
2026-04-28DSE All Share98.4333,878.98
2026-04-29DSE All Share99.35163,915.18
2026-04-30DSE All Share99.45543,919.27
2026-05-04DSE All Share98.34423,875.48
2026-05-05DSE All Share97.36113,836.74
2026-05-06DSE All Share96.53113,804.03
2026-05-07DSE All Share95.94093,780.77
2026-05-08DSE All Share96.78823,814.16
2026-05-11DSE All Share97.85293,856.12
2026-05-12DSE All Share98.11083,866.28
2026-05-13DSE All Share97.52513,843.2
2026-05-14DSE All Share97.22013,831.18
2026-05-15DSE All Share97.15663,828.68
2026-05-18DSE All Share97.48733,841.71
2026-05-19DSE All Share97.58523,845.57
2026-05-20DSE All Share97.19543,830.21
2026-05-21DSE All Share97.94833,859.88
2026-05-22DSE All Share98.33333,875.05
2026-05-25DSE All Share99.51083,921.45
2026-05-26DSE All Share99.96423,939.32
2026-05-28DSE All Share99.90233,936.88
2026-05-29DSE All Share99.86683,935.48
2026-06-01DSE All Share100.18963,948.2
2026-06-02DSE All Share100.50193,960.51
2026-06-03DSE All Share100.31113,952.99
2026-06-04DSE All Share100.54943,962.38
2026-06-05DSE All Share99.83123,934.08
2026-06-08DSE All Share100.02773,941.82
2026-06-09DSE All Share99.87193,935.68
2026-06-10DSE All Share99.66173,927.4
2026-06-11DSE All Share98.88243,896.69
2026-06-12DSE All Share98.66293,888.04
2026-06-15DSE All Share97.98843,861.46
2026-06-16DSE All Share98.90153,897.44
2026-06-17DSE All Share99.27933,912.33
2026-06-18DSE All Share100.23833,950.12
2026-06-19DSE All Share99.99393,940.49
2026-06-22DSE All Share99.31743,913.83
2026-06-23DSE All Share99.39483,916.88

Read: The rebased paths show the part of the domestic move that the broader headline index does—and does not—capture.

Index scope differs. Neither line is the return of every constituent or of a reader’s portfolio.

Strategy

Vision 2050 launch nears as DIRA planning instruments reach parliament

Signal

DIRA 2050 planning instruments (LTPP, FYDP IV, the 2026/27 plan) are before parliament ahead of a formal launch.

Why it matters

The package gives Vision 2050 an implementation spine just as FY2026/27 begins, shaping the medium-term policy and financing backdrop.

What to watch

President Samia's launch event in Dar es Salaam, expected in the coming days, and the first strategic-project funding commitments.

Source: Open-source reporting · Edition 24 Jun 2026 · Data open-source · interpretation: Medium confidence
Markets

DSE All-Share firms 0.38% to 3,931.59, up 67.6% on the year

Signal

The All-Share rose 0.38% to 3,931.59 at the 24 June DSE official close, +67.6% y/y.

Why it matters

Continued firmness after a strong Week 25 (+1.35% w/w, turnover +81%) points to durable participation.

What to watch

Whether turnover and breadth carry into Week 26 or fade back to typical thin volumes.

Source: Dar es Salaam Stock Exchange · Edition 24 Jun 2026
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Rates

364-day T-bill yield at 6.92% as the long end steepens

Signal

The 364-day weighted yield settled ~54bp higher at 6.92% at auction 1201; the 91-day eased to 3.56%.

Why it matters

A steepening curve with the Central Bank Rate held at 5.75% reflects term-premium repricing at the long end ahead of FY2026/27 borrowing.

What to watch

BoT auction No. 1202 in early July for whether the long-end climb continues.

Source: Bank of Tanzania · Edition 24 Jun 2026
Go deeper →
Gold

Gold eases to ~$4,079/oz on hawkish-Fed repricing

Signal

Spot gold near USD 4,079/oz, down from ~$4,129 a day earlier on hawkish-Fed repricing.

Why it matters

Gold is a major export earner; the BoT's purchase programme holds ~27.5 tonnes (~TZS 10tn) and exports are +38.5% y/y.

What to watch

Whether external repricing feeds through to domestic purchase pricing and reserve accumulation.

Source: Bank of Tanzania · Edition 24 Jun 2026
Go deeper →
Currency

Shilling broadly stable near 2,632 per dollar

Signal

BoT official mean 2,631.58/USD, broadly stable day-on-day despite a firmer dollar.

Why it matters

The shilling is down ~6.1% YTD; relative stability eases imported-inflation pressure into the new fiscal year.

What to watch

Whether the managed float holds near 2,630 as FY2026/27 begins.

Source: Bank of Tanzania · Edition 24 Jun 2026
Go deeper →
The Ghost

The model book

The Ghost's hypothetical TZS 500m book is +1.84% 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 →
Week ahead — what to watch
WhenEventWhy it matters
Late Jun 2026Vision 2050 (DIRA 2050) formal launch
1 Jul 2026FY2026/27 begins — TZS 62.33tn budget & FYDP IV take effect
Jul 2026Government institutional alignment with Vision 2050
Early Jul 2026Next BoT T-bill auction No. 1202
Get the Daily Brief before the market opens.

A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.

Information and education only. No advice. No noise. Unsubscribe anytime.

Compiled from open-source reporting for information and education only — not investment advice. Sources: Bank of Tanzania, Dar es Salaam Stock Exchange, and named press. Figures are as reported and require refresh against official data.

Archive — past editions32
The rise broadens into industrials and services — but CRDB carries more than half the moneyFriday, 24 July 2026The give-back reverses on the heaviest tape in weeks — but three-quarters of it is one Breweries blockThursday, 23 July 2026A second thin give-back leaves the tape 25 points off the high — while the exchange's half-year numbers tell the opposite storyWednesday, 22 July 2026A thin Monday pause nine points under the record, as the rail story hardens from headlines into contractsTuesday, 21 July 2026Monday reopens off Friday's record-adjacent close, into a week with nothing dated on the calendarMonday, 20 July 2026A week with nothing dated on the market calendar — so the question turns to breadth, not dataSunday, 19 July 2026The DSE claws back its early-July dip — up 0.72% on three straight gains, back within a whisker of its recordSaturday, 18 July 2026CRDB supplies 93% of a TZS 55.20bn board while breadth turns negativeFriday, 17 July 2026The crossing did not repeat — turnover falls 28x to TZS 2.71bn and the All-Share gains for the first time in seven sessionsThursday, 16 July 2026CRDB alone was 97% of Tuesday's board — TZS 73.4bn on 27.2m shares as the All-Share eased a sixth sessionWednesday, 15 July 2026Inflation eases to 4.0% in June — the first read after the fuel-subsidy exit and the 50bp hike passes the band testTuesday, 14 July 2026The DSE reopens at 4,082.43 with four declines behind it and the week's two dated events aheadMonday, 13 July 2026Two dated events, one question: what the hurdle rate is, and who pays for the ambitionSunday, 12 July 2026Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tapeSaturday, 11 July 2026The DSE eases in its first full session back as a mild foreign net-selling tilt meets thin breadthFriday, 10 July 2026Saba Saba reframed as a managed trade showcase as the runway to the 17 July Vision 2050 launch clearsThursday, 9 July 2026Saba Saba passes as a shutdown, not a clash: Kariakoo deserted under heavy security as the market reopensWednesday, 8 July 2026Saba Saba day: DSE closed and security deployed across Dar, with a quiet commemoration the base caseTuesday, 7 July 2026Saba Saba eve: rally ban enforced with deployments across Dar as the TPDF warns off protest callsMonday, 6 July 2026Bank of Tanzania lifts the policy rate to 6.25%, the first tightening of the cycleSunday, 5 July 2026DSE All-Share caps a record week at 4,116.73 with a third straight all-time highSaturday, 4 July 2026DSE All-Share extends the record run to 4,090.11 as banks carry the fiscal-year openFriday, 3 July 2026DSE All-Share opens the fiscal year at a record 4,057.22 as domestic counters leadThursday, 2 July 2026Tanzania's record budget and Vision 2050 take legal effect as the execution clock startsWednesday, 1 July 2026Tanzania's record budget and DIRA 2050 take legal effect tomorrow as the fiscal year turnsTuesday, 30 June 2026DIRA 2050's implementation instruments launch today as Tanzania's new fiscal year opensMonday, 29 June 2026Tanzania opens its new fiscal year: DIRA 2050 instruments launch Monday, DSE reopens above 4,000Sunday, 28 June 2026DSE All-Share jumps 2.38% to 4,025 as cross-listed banks outpace the domestic tapeFriday, 26 June 2026Tanzania enters 2026/27 with a record budget and a 25-year horizonThursday, 25 June 2026DIRA 2050 launches 1 July with a $47bn strategic-project spineTuesday, 23 June 2026TZS 62.33tn FY2026/27 budget takes effect 1 JulyMonday, 22 June 2026Samia to launch Vision (Dira) 2050 instruments on 29 JuneSunday, 21 June 2026