About us
WHO ARE WE?
Watumishi Housing Investments is a real estate developer and a licenced fund manager responsible for establishment and management of collective investment shemes.
WHO ARE WE?
WHI was established under the Companies Act (Cap 212) of 2002. The primary objective of WHI is to implement the directive of the Govenment of the United Republic of Tanzania to construct affordable houses to be sold to public servants and members of pension funds. The directive is in line with the objectives of the Housing Policy (2005) contained in the Tanzania Development Vision 2025.
WHI operates as a fund manager of public servants housing scheme under Real Estate Investment Trust (REIT). In this regard, REIT operations are in accordance with the Capital Markets and Securities Authority (CMSA) Act, the Capital Markets and Securities (Collective Investment Schemes) (Real Estate Investment Trusts) Rules, 2011 and Banking and Financial Institutions Act, 2006.
Due to its responsibilities that include Fund Management, Property Development and Management, WHI is also governed by other policies and legislation, which include the National Social Security Policy 2003, Housing Policy 2005, Land Policy 1995 and other crosscutting policies.
WHI FUNCTIONS
Watumishi Housing Investments (WHI) as a fund manager and real estate developer its main functions are:
- To carry out the business of fund management, operate the Real Estate Investment Trusts (REITs);
- To implement the Public Servants Housing Scheme (PSHS);
- To construct new buildings, rehabilitation or improve buildings for rental or other purposes;
- To carry out the business of property management, and
- To enter into Joint Venture agreements or an amalgamation with any company, firm or person carrying on business that falls within the line of the company’s objectives.
Our Vision
Wealth Creation and Ownership of Affordable Homes for All
Our Mission
To enable employees to create wealth and own affordable quality homes through sound property development and fund management principles.
WHI INVESTORS
