Sunday 13, August 2017 by Georgina Enzer

Bank of Tanzania licences new mortgage finance company

The Bank of Tanzania has licenced a new housing finance company, called First Housing Company (Tanzania) Limited.

“The licence allows the company to carry out Mortgage Finance business in Tanzania as a housing finance company,” a statement issued by the Department of Policy Review and licencing Department in the Directorate of Banking Supervision said.

The First Housing Company (Tanzania) Ltd head office is located at 19 Obama Drive in Dar es Salaam.

This is the first housing finance company to be licenced by the Bank of Tanzania.

In addition to mortgage finance firms, the Bank of Tanzania is also mandated to licence and supervise banks, financial institutions, credit reference bureaus, bureaus de change and lease finance companies.