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Tanzania Housing Shortage of 3 Million to be Achieved via Private Public Partnership

December 21, 2012
1 minute read

The Vice President of Tanzania, Dr Mohammed Gharib Bilal announced that the current shortage of housing in Tanzania can only be achieved through Public Private Partnerships (PPP).

Current shortage is estimated at 3 Million units with a national demand for housing growing at a rate of 200,000 per year.

The investment needed is huge and cannot be met by the government of Tanzania alone stressed Dr Gharib Bilal.

Tanzania Investment Guide 2026 Free Edition

For this the government has enacted and amended various legislations to invite private investments participation.

This includes the enactment of the Mortgage Finance Act and the establishment of the Tanzania Mortgage Refinancing Company (TMRC) aimed at promoting loans to the house construction.

Tanzania also saw the launch of the Tanzania Buildings Agency (TBA) in 2002 as part of the Public Service Reform Program (PSRP) to provide quality and affordable accommodation to the government and the public servants.

According to TBA Chief Executive Mr Elius Mwakalinga the agency plans to construct 10,000 new houses by 2016.

 

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free