Verified closeDSE · BoT · frozen to the covered session10 Jul 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.
Weekly overview — the week in review, frozen at Saturday’s publication and covering the 10 Jul 2026 verified close (the week’s last verified session). Its figures are frozen to that close; for today’s live moves see Markets.
Weekly market scoreboard
2026-07-10 close · change ON THE WEEK · DSE · BoT · NBS
DSE All-Share
4,082.43
▼ -0.83%
DSEI · 10 Jul close · latest verified
Tanzania Share Index
8,918.27
▼ -0.88%
USD / TZS
2,634
▲ +0.19%
BoT mean · hard-currency lens
Gold · $/oz
$4,111
▼ -1.26%
world spot · reserve/hedge lens
BoT rate
6.25%
policy
CBR · policy anchor
91-day T-bill
3.35%
▼ -11bp
BoT WAR · vs prior auction
364-day T-bill
7.03%
▲ +20bp
BoT WAR · vs prior auction
Inflation
4.2%
latest print
NBS · monthly
The read: the Friday close, with the move across the whole week beside it — not the one-session change the daily Brief shows. The implication: the index level alone never says whether the week was broad or carried by a couple of names — breadth and turnover do.
DSE weekly tape check
DSE · 4 verified sessions to 2026-07-10 · Tue 7 Jul — Saba Saba Day, market holiday
Sessions
4
verified DSE closes
Weekly turnover
TZS 159.9bn
sum of the week's value traded
Breadth
1 up / 2 down
5 unchanged · counters that moved across the week
Best session
-0.02%
2026-07-08
Worst session
-0.33%
2026-07-06
Peak concentration
98%
CRDB carried 2026-07-10
Concentration by session — the top name’s share of each session’s turnover
2026-07-06 · NMB
63%
2026-07-08 · NMB
52%
2026-07-09 · NMB
40%
2026-07-10 · CRDB
98%
What the index hid: highly concentrated — the single heaviest name took 98% of one session’s turnover. A week can look active and still be carried by one counter. Each close, fully broken down — After the Bell →
The market under the index
DSE · weekly move per counter to 2026-07-10
The read: 1 up, 2 down, 5 unchanged across the week, ordered by how much of the tape each name actually carried. The implication: a broad week and a bank-led week can print the same index number.
Open the full DSE breadth board →
DSE+7.6%financials
EABL-2.0%industrials
JATU+0.0%other
JHL+0.0%financials
KA-4.2%aviation
SWALA+0.0%energy
USL+0.0%other
YETU+0.0%financials
The hurdle rate
Bank of Tanzania · WARs as at 2026-07-15
CBR · policy anchor
6.25%
91-day WAR · the front end
3.35%
182-day WAR
4.78%
364-day WAR · income anchor
7.03%
How to read this: short government paper is the opportunity cost of taking equity risk. Why it matters: the higher the front end sits, the more dividends, earnings growth and liquidity equities must deliver to clear it. Educational — not advice.
The transmission chain
How a weaker shilling reaches the shopping basket
The shilling
USD/TZS 2,637
▲ +0.19%
2026-07-23 · Bank of Tanzania
→
Fuel cap
Diesel TZS 4,182/l
▼ -1.55%
2026-07 · EWURA · monthly cap
→
Food
Maize TZS 76,250/t
▼ -0.33%
2026-07-01 · Wholesale · MIT
→
Cost of living
CPI 4.2%
latest print
May 2026 headline · NBS · monthly
How to read this: each link carries its own authority and its own lag — FX moves daily, fuel caps monthly, food weekly, CPI monthly. Why it matters: this is the chain that turns a currency move into a cost-of-living move. Descriptive, not predictive — the links are shown, not forecast.
KANZA CAPITAL PARTNERSThe Weekly Brief
The DSE week to 10 Jul
DSEI -0.83% · TSI -0.88% · USD/TZS +0.19% on the week
Read: Headline and domestic agreed, the shilling gave ground.
Weekly moves computed from verified closes · 2026-07-10kanzacapitalpartners.com · education, not advice
The week card — built to be screenshotted and shared. Every figure is computed from the verified record.
The week in 90 seconds
Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tape
One CRDB crossing was 98% of Friday's tape — the index never showed it
No auction this week — the hurdle rate is unchanged, and the bill curve stays steep
Orderly retreat. The market gave back a slice of its 3 Jul record across four straight small declines, with breadth clearly negative (7 up / 16 down) — this was broad, low-conviction selling rather than one name cracking. Rates did not move: no auction fell in the week, so the 6.25% CBR and a still-steep bill curve set an unchanged hurdle. The week's one genuinely large event, a TZS 137.7bn CRDB crossing on Friday, never showed up in the index at all.
Equities
Four sessions, four declines; 7 up / 16 down — broad, shallow, unhurried.
Rates
No auction this week. CBR 6.25%; 91-day 3.45%, 364-day 7.12% — hurdle unchanged.
FX / Gold
Quiet: shilling −0.19% on the week, gold −1.3%. Neither changes the arithmetic.
Policy
Vision 2050 (17 Jul) is next week's set-piece — financing vehicles the open question.
Risk
Political calm held after Saba Saba; the watch is execution, not the headline.
Educational reading of the week · not advice
What this week means
New Tanzanian investor
A −0.83% week sounds dramatic; it isn't. What matters is that far more names fell than rose (16 down, 7 up) — breadth tells you how broad a move really was, where the index alone can't.
Diaspora investor
In TZS the market fell 0.83%; the shilling also eased 0.19%, so a hard-currency reader lost a little more than the index implies. Currency is part of the return.
Institutional reader
Friday's CRDB crossing was 98% of the day's turnover — a reminder that DSE liquidity is episodic, and that a single block can dwarf a week of ordinary trade.
Foreign investor
The 364-day bill at 7.12% is the hurdle any equity allocation must clear. With the CBR at 6.25% and no auction this week, that hurdle did not move.
Educational interpretation by reader type · not personalised advice.
Did the domestic-only and all-share indices tell the same story over the covered quarter?
The domestic market against the headline index
2026-04-09 = 100 · frozen at the 2026-07-10 covered session
+3.9%TSI · quarter+4.6%DSEI · quarter
Coverage 2026-04-09 → 2026-07-10Vintage 2026-07-10 · finalRevision current · v0
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-07-10-77bc1a941dbd
The domestic market against the headline index. Exact values underlying the chart.
Citation and sharing permitted; observation download remains source-restricted.
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.
The week in review
Four sessions, four declines: the DSE gives back a little of its record, and one CRDB crossing carries the tape
Signal
4,082.43 closed the Saba Saba-shortened week down 0.83%, 8,918.27 down 0.88% — every session lower, none by more than a third of a percent.
Why it matters
It is the first pullback from the 3 Jul record. The drift was orderly, but breadth was clearly negative — 7 counters up against 16 down — so the selling was broad, not a one-name story.
What to watch
Whether the 17 Jul Vision 2050 launch and the ~16 Jul auction give the tape a reason to re-engage, and whether bank breadth reasserts.
A sourced review of the full Tanzania market week: the DSE tape and who actually carried it, rates, FX, policy, macro, companies — and what to watch next. Prefer the weekend digest to a daily note? Choose weekly only.
Choose Daily, Weekly, or both — they are separate subscriptions. Information and education only. No advice. No noise. Unsubscribe anytime.
Rates
No auction this week — the hurdle rate is unchanged, and the bill curve stays steep
Signal
CBR 6.25%; the 2 Jul auction left the 91-day WAR at 3.45% and the 364-day at 7.12%. Nothing repriced between Monday and Friday.
Why it matters
The front end sits ~280bp BELOW the policy rate while the 364-day sits above it — policy is not yet passing through to short bills.
What to watch
The next auction (~16 Jul) is the test of whether the front end follows the CBR or stays pinned.
Source: BoT · Edition 11 Jul 2026 · Data as reported · interpretation: Medium confidence
Vision 2050 lands Friday — the financing vehicles are the market's real question
Signal
Dira 2050 launches in Dodoma on 17 Jul; the first five-year tranche is funded at TZS 12.50tn, with donor grants set to fall ~39%.
Why it matters
The $1tn path leans on mobilising private and external capital. Named vehicles — LNG-Lindi foremost — would be the first hard evidence.
What to watch
Which flagship projects get named financing vehicles and co-investors, and any MoUs signed around 17 Jul.
Source: Open-source reporting · Edition 11 Jul 2026 · Data open-source · interpretation: Medium confidence
The Ghost
The model book
The Ghost's hypothetical TZS 500m model book is +4.12% since inception; its largest equity allocation is a bank, so a week of negative bank breadth is the terrain it reads most closely.
Ghost relevance: The model book's largest equity allocation is a bank (NMB, +1.58% on the week) while the other large bank (CRDB) fell 3.93% — the week widened the gap between them. Educational only; a model-book allocation, never a position or a recommendation.
How these were chosen: not hand-picked — the name that carried the tape, the week’s biggest gain and steepest fall, then the heaviest remaining names. Educational context only — not a recommendation, and never a price target.
The set-piece of the week: which flagship projects get named financing vehicles and co-investors.
~Thu 16 Jul 2026
T-bill auction (No. 1203)
First auction since 2 Jul — tests whether the front end follows the 6.25% CBR or stays ~280bp below it.
~mid-Jul 2026
June CPI print
First inflation-band test after the fuel-subsidy exit and the 2 Jul hike.
Mon 13 Jul 2026
CRDB follow-through
Whether Friday's block crossing draws a second tranche, or the price steadies once it clears.
Get the Weekly Brief every weekend.
A sourced review of the full Tanzania market week: the DSE tape and who actually carried it, rates, FX, policy, macro, companies — and what to watch next. Prefer the weekend digest to a daily note? Choose weekly only.
Choose Daily, Weekly, or both — they are separate subscriptions. Information and education only. No advice. No noise. Unsubscribe anytime.
Weekly edition — covers verified DSE sessions Monday–Friday, frozen to the Friday official close. 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 (10 Jul 2026); rates, FX and gold to the Bank of Tanzania. Figures are as reported and require refresh against official data.