DAR ES SALAAM, June 17 -- THE government investments over the past four years in the real estate sector through the state-owned National Housing Corporation (NHC) are beginning to pay off, with long-stalled projects now completed or progressing steadily.
According to NHC, these investments have significantly boosted the corporations revenue. Over the past five years (2019/20–2023/24), the companys annual income has grown from 125bn/- to 189bn/- an impressive 34 per cent increase.
As a result, the corporation has raised its dividend payout from 1bn/- last year to 5.5bn/- this year, with a target of 10bn/- planned for next year.
Speaking at a special meeting with editors in Dar es Salaam on Monday, NHC Director General Mr Hamad Abd...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.