WHO ARE WE?
Watumishi Housing Investment is a 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 His Excellency the President of the United Republic of Tanzania to construct affordable houses to be sold to public servants and members of pension funds. The Presidential 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.
Watumishi Housing Investments (WHI) as a fund manager and real estate developer its main functions are: