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...