Capital Markets
DSE All-Share caps a record week at 4,116.73 with a third straight all-time high
SignalThe verified DSE All-Share closed 3 Jul at a record 4,116.73, +0.65%; the Tanzania Share Index rose 0.96% to 8,997.09.
Why it mattersA third consecutive record close caps the fiscal-year opening week, with the domestic index outpacing the broad board as breadth widens beyond banks.
What to watchWhether week-27 turnover sustains the surge and the domestic-led breadth carries into the new week.
Source: DSE · Edition 4 Jul 2026
Go deeper →Rates
364-day bill clears above 7% at auction No. 1202 as the front end keeps falling
SignalAuction No. 1202 (2 Jul) cleared the 91-day at 3.4549%, down from 3.5569%, and the 364-day at 7.1175%, +20bp on the prior auction.
Why it mattersA one-year yield above 7% while the front end falls says the curve is pricing more long-end supply as the borrowing programme opens — durable steepening.
What to watchAuction No. 1203 (~mid-Jul): whether the 364-day WAR holds above 7% as budget spending steps up.
Source: Bank of Tanzania · Edition 4 Jul 2026 · Data verified · interpretation: Medium confidence
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Policy
Samia courts vaccine investors as medicines self-sufficiency gets a recruitment drive
SignalPresident Samia courted vaccine investors, putting an industrial-policy recruitment drive behind 60% medicines self-sufficiency by 2030.
Why it mattersPharma and medical supplies is the first named Vision-era vertical with dated deliverables — a template for how the USD 1tn ambition becomes projects.
What to watchFinanceable project pipelines and named investors in the pharma vertical ahead of the 17 Jul Vision 2050 launch.
Source: Open-source reporting · Edition 4 Jul 2026 · Data open-source · interpretation: Medium confidence
Capital Markets
Zanzibar passes a TZS 8.52tn budget targeting 7.5% growth — and its own stock exchange
SignalZanzibar's TZS 8.52tn budget targets 7.5% growth and commits to establishing the isles' own stock exchange.
Why it mattersA second listing venue inside the Union would be the biggest capital-markets structural change since DSE demutualisation — early-stage but material.
What to watchEnabling legislation and a timetable for the Zanzibar exchange, and how new listings would interact with the DSE.
Source: Open-source reporting · Edition 4 Jul 2026 · Data open-source · interpretation: Medium confidence
Macro
AfDB pencils in 5.4% growth for 2026 against the government's 6.3% target
SignalThe AfDB's African Economic Outlook 2026 projects Tanzania growth of 5.4% for 2026 versus the government's 6.3% target — a ~0.9pt gap.
Why it mattersThe gap is the credibility variable for FYDP IV: revenue, borrowing and project cadence are all budgeted off the higher number.
What to watchQ1/Q2 GDP outturns and whether early budget-execution data track the 6.3% plan or the 5.4% projection.
Source: Open-source reporting · Edition 4 Jul 2026 · Data open-source · interpretation: Medium confidence
The Ghost
The model book
The Ghost's hypothetical TZS 500m book is +2.80% 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 →