In Summary

This is the first housing finance company to be licensed by BoT.


Dar es Salaam. The Bank of Tanzania (BoT) has licensed a new housing finance company called First Housing Company Tanzania Ltd.

This is the first housing finance company to be licensed by BoT.

The license allows the company to carry out mortgage finance business in Tanzania as a housing company.

This is according to a statement issued by the department of policy and licensing in the directorate of banking supervision.

"The first housing company with its head office located in Dar es Salaam," read the statement.

In addition to mortgage finance firms it is also mandated to license and supervise banks, financial institutions, credit reference bureaus and lease companies.