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National Housing of Tanzania Signs Accord With Seven Banks

Tanzania’s National Housing Corp. said it signed an agreement with seven lenders to provide mortgage finance to prospective home buyers.

The lenders include National Microfinance Bank Ltd. (NMB), National Bank of Commerce Ltd. and Commercial Bank of Africa Ltd., Nehemia Mchechu, director-general of the government- controlled home builder, told reporters today in Dar es Salaam, Tanzania’s commercial capital.

To contact the reporter on this story: David Malingha Doya in Dar es Salaam at dmalingha@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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