How have liquidity facilities helped access to local capital market? Oscar Mgaya, CEO, Tanzania Mortgage Refinance Facility.
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
IDENTIFYING THE POSSIBLE LIMITATIONS AND CHALLENGES FACED BY THE NON-BANKING FINANCIAL INSTITUTIONS (NBFI) ON IMPROVING THE DEMAND FOR PERSONAL LOANS
by Nulaim Nuwaiz
India converted the Development Financial Institutions into Banks or NBFC which was not a wise decision and former RBI governor long argued on the revival of these institutions.
A digital copy of the Business News 24 (03 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Lack of safe and affordable housing is a major development challenge – impacting over 330 million households globally. Watch a presentation about how the World Bank Group is working to meet the Sustainable Development Goals, in particular the target of ensuring access for all to adequate, safe, and affordable housing.
IDENTIFYING THE POSSIBLE LIMITATIONS AND CHALLENGES FACED BY THE NON-BANKING FINANCIAL INSTITUTIONS (NBFI) ON IMPROVING THE DEMAND FOR PERSONAL LOANS
by Nulaim Nuwaiz
India converted the Development Financial Institutions into Banks or NBFC which was not a wise decision and former RBI governor long argued on the revival of these institutions.
A digital copy of the Business News 24 (03 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Lack of safe and affordable housing is a major development challenge – impacting over 330 million households globally. Watch a presentation about how the World Bank Group is working to meet the Sustainable Development Goals, in particular the target of ensuring access for all to adequate, safe, and affordable housing.
Content Creation - Content Strategy - Social Media Designs - Videography
Social Media Manager from April to September 2016
During my work with ITV Agency - IT Vission Group, I was project manager of Ideal Standard Egypt and managed to raise the number of fans 50,000 within three months and worked on establishing the account, meeting with the Head of Marketing in this international company and preparing the full social media strategy, monitoring and moderating the account, setting scripted replies for cases for moderators to use, in addition to designing, and creating the videos for their online presence.
Merchant Banking - Indian Corporate Market, Clause 49 & Masala BondsAbhijeet Deshmukh
A comprehensive presentation on merchant banking. It starts with Indiann corporate bond market and go on to basics of merchant banking and it digs deep into merchant banking activity. It also has few slides on Clause 49 (Corporate governance) and ends with latest topic Masala Bonds
Teams will study the existing Financial Sector Regulations of various Regulators in India i.e SEBI, RBI, IRDA, PFRDA, FMC etc, (all or any of them) as well as compare them with regulations by global regulators viz SEC, Regulatory Authorities in UK, Singapore etc.
Presentation crypto complimentary currency clubRoger Lewis
⨊GåFöre(O⨋)The FedratedMutualSociety.⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!.
http://letthemconfectsweeterlies.blogspot.se/2018/05/fores-lagom-federated-currency-slide.html ⨊GåFöre(O⨋)The FedratedMutualSociety.⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!
Direction and Focus of China's Land Management System Reform - Shouzhi Wang, ...AfricaChinaUrbanInitiative
Presentation by Shouzhi Wang, Ministry of Land and Resources, on Government's Land Reform as part of the "Panel on China's Land Management System Reform: Issues, Progress and Prospect" which took place during the annual World Bank Conference on Land and Poverty held in Washington DC from March 23 to 27, 2015.
http://urban-africa-china.angonet.org/content/shouzhi-wang-governments-land-reform
Presentation by Zhi Liu on Land Municipal Finance & Housing as part of the "Panel on China's Land Management System Reform: Issues, Progress and Prospect" which took place during the annual World Bank Conference on Land and Poverty held in Washington DC from March 23 to 27, 2015.
Adoption of the international model of a well-governed land expropriation sys...AfricaChinaUrbanInitiative
"Adoption of the international model of a well-governed land expropriation system in China: problems and the way forward" by Linlin Li, Ph.D. Candidate, University of Groningen, the Netherlands.
Presented as part of the "Panel on China's Land Management System Reform: Issues, Progress and Prospect" which took place during the annual World Bank Conference on Land and Poverty held in Washington DC from March 23 to 27, 2015.
http://urban-africa-china.angonet.org/content/linlin-li-and-eric-yeboah-discussion
Dr. Zhou Mi - Chinese investment in residential construction in Africa: The r...AfricaChinaUrbanInitiative
"Chinese investment in residential construction in Africa: The role of ABTs" presentated by Dr Mi Zhou at the African Union for Housing Finance (AUHF) Conference, November 17-18, 2014 in Cape Town.
In the past year, economic situation has changed a lot, developing countries are facing much more challenges. The Sino-African relationship is getting stronger. Real estate is becoming more and more important in Chinese outward FDI, which is 3.67% of all in 2013, reaching the peak high in the past decade. As to the real estate industry, more capital has flown into the developed countries for long-term investment.
Africa needs more houses to meet different kinds of demand, based on climates, habits and income, while in most cases, land is not the first factor to consider. Chinese contractors have accumulated quite some experiences in ABT field, which would be quite helpful for the building in Africa. With rapid development, there is huge space for building in Africa, ABT should be considered if applicable.
Key message of the presentation:
• Sino-African cooperation in building has quite some space
• China has quite some experiences in ABT
• ABT should be important when considering the different factors
Dr Mi Zhou is the Deputy Director of the Institute of World Economy, CAITEC. He is a Senior Research Fellow. He has published more than 200 articles and books within his research fields on Outward Investment, Contracting and Trade in Services. He finished his post-doc research in Fudan University and visited Stanford University.
His presentation sponsored by the Africa-China Urban Initiative (http://urban-africa-china.angonet.org).
http://www.sbs.co.za/auhf2014/
African Union for Housing Finance Conference: Structuring Public Private Part...AfricaChinaUrbanInitiative
African Union for Housing Finance Conference: Structuring Public Private Partnerships in housing: Shelter Afrique09/12/2013 by Alassane Ba- CEO, Shelter Afrique.
African Union for Housing Finance Conference: Donor perspectives on housing f...AfricaChinaUrbanInitiative
African Union for Housing Finance Conference: Donor perspectives on housing finance investment in Africa 09/12/2013, by Stefan Nalletamby- Co-ordinator, MFW4A Donor Working Group.
African Union for Housing Finance Conference: Getting a rating to raise fundi...AfricaChinaUrbanInitiative
Presentation by Kecia Rust, Centre for Affordable Housing Finance in Africa as part of the 29th annual conference of the African Union for Housing Finance.
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing F...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing Finance in Africa", Jiang Wu - Transport Infrustructure & Poverty Reduction, 07/30/2012
http://urban-africa-china.angonet.org/
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing F...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing Finance in Africa ", Kecia Rust 07/30/2012
http://urban-africa-china.angonet.org/content/theme-2-financing-social-housing
Pro-Poor Urban Development: China and Africa Workshop - "Participatory mappin...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop Introductory Session on "Participatory mapping of urban poverty", by Allan Cain, Director, Development Workshop, 07/30/2012
Pro-Poor Urban Development: China and Africa Workshop Session on China’s Invo...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop Session on China’s Involvement In African Urban Development, 07/30/2012.
Dr. Tang Xiaoyang, Tsinghua University, International Studies, Beijing: The impact of Chinese enterprises on Africa's urban employment.
Data on the impacts of Chinese trade and investment in Africa were presented and critically analyzed, responding to the challenge of how to establish an effective measurement system. In fact official statistics on employment levels are not always reliable, while the effects of local employment creation in Africa may be only temporary, as for example in construction where low or no skills are required, while the main basis of trade is minerals and oil. Such a trade is imbalanced and not sustainable, and a different path based on local manufacturing would have better outcomes for Africa. At present African manufacturing is negatively impacted by Chinese imports, as in the textile industry and local shoe production in Addis Ababa. Chinese telecom and auto industries in Africa affect only a small part of the value chain and are not relevant to the urban poor. China can export manufacturing industries to Africa where labor is ten times cheaper, but African SMEs cannot cope with such competition. On the other hand, despite low labor costs and tariffs allowing export to EU and USA, Africa’s weak infrastructure and logistical capacity mean productivity is lower than in Asian countries. To sum up, a transfer to manufacturing from construction is a challenge that must be orchestrated to benefit the urban poor.
African Union for Housing Finance Conference: Donor Perspectives on Housing F...AfricaChinaUrbanInitiative
Panel Discussion: Donor Perspectives on Housing Finance Investment in Africa.
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
African Union for Housing Finance Conference: Housing Finance Workshop DID Mi...AfricaChinaUrbanInitiative
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
African Union for Housing Finance Conference: Keynote address - Locating hous...AfricaChinaUrbanInitiative
Keynote address: Locating housing finance in investor agendas – Richard Tait, Managing Director, Afrasia Corporate Finance.
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
African Union for Housing Finance Conference: Unlocking the housing chain thr...AfricaChinaUrbanInitiative
Ms Isadora Bigourdan, Agence Francaise de Developpement (AfD). Panel discussion: Donor perspectives on housing finance investment in Africa. Panelists from the Making Finance Work for Africa (MFW4A) Donor Working Group on Housing Finance.
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
Mr Britt Gwinner, International Finance Corporation (IFC). Panel discussion: Donor perspectives on housing finance investment in Africa. Panelists from the Making Finance Work for Africa (MFW4A) Donor Working Group on Housing Finance.
With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing.
http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
Do Linguistics Still Matter in the Age of Large Language Models.pptx
African Union for Housing Finance Conference: How have liquidity facilities helped access to local capital market?
1. AUHF 29th Annual Conference
MOBILISING CAPITAL FOR HOUSING FINANCE
11th – 12th September 2013
Sugar Beach Resort, Mauritius
2.
A Mortgage Liquidity Facility (MLF)
is a specialized financial institution
designed to support long term
lending activities by Primary
Mortgage Lenders (PML)
3. Examples of MLF’s around the world:
Tanzania
Egypt
Mortgage Refinance Company (TMRC)
- Egyptian Mortgage Refinance Company (EMRC)
France
- Caisse De Refinancement De Habitat (CRB)
Indonesia
Malaysia
USA
- PT Sarana Multgriya Finansial (SMF)
- Cagamas Berhad
- Federal Home Loans Bank (FHLB)
Mongolia
Armenia
Jordan
- Mongolian Mortgage Corporation (MMC)
- Armenian Mortgage Corporation (AMC)
- Jordan Mortgage Refinance Company (JMRC)
4. A Mortgage Liquidity Facility is not:
…a State Housing Bank
…a subsidy vehicle
…a securitization conduit (eg. Fannie Mae)
…a risk taker (interest rate or credit risk)
…a mortgage lender
5. Tanzania Housing Finance Project
A broader initiative being administered by the Bank of Tanzania:
PROJECT OBJECTIVE
PROJECT COMPONENTS
To improve access to long-term
housing mortgage finance,
progressively mobilized through
the domestic capital market
I - Development of the
Mortgage Market
To develop access to mediumterm housing micro-finance
2 - Development of Housing
Microfinance
To expand the supply of
affordable housing by private
developers
3 - Expansion of affordable
housing supply
5
6.
Tanzania Mortgage Refinance Company Limited (TMRC) is a Mortgage
Liquidity Facility (MLF) created as a private sector institution
owned by the banks with sole purpose of supporting banks to do
mortgage lending by refinancing banks’ mortgage portfolios
TMRC was established with support from the Government of
Tanzania and the World Bank with the aim of supporting member
banks to extend long-term mortgage loans to the public through
provision of long-term funds.
TMRC is a specialized financial Institution that provides long-term
funding to financial institutions for the purposes of mortgage lending.
TMRC is neither taking deposits nor lending directly to individuals.
8.
TMRC is licensed by Bank of Tanzania (BOT) as a non-deposit taking
financial institution for the purpose of conducting its business
In addition, TMRC will also be licensed by the Capital Markets and
Securities Authority (CMSA) for the purpose of bond issuance
◦ The Charter of TMRC reflects its unique role in being a single purpose
vehicle
◦ It restricts the Company from undertaking any other activities (such as
taking deposits, commercial loan refinancing or lending directly) apart
from the ones for which the Company is established to do
9. Provision of secure long term funding at attractive rates to member
banks to continue lending to their clients
Lowering the cost of funds, which can lead to a lowering of mortgage
rates, thereby improving affordability and extending the range of
potential borrowers
Facilitating member banks to extend the mortgage maturity to be in
line with normal mortgage products
Contribute to the growth of Tanzanian capital markets through the
issuance of TMRC bonds to source funds for long term lending to
member banks
Assist in the standardization of mortgage practice in Tanzania through
specialized training to member banks on the origination of mortgages
Facilitating the entry of new mortgage lenders in the market due to the
existence of MLF which guarantee the funding of mortgage portfolios
10.
Allows for greater competition in the mortgage market
Key ingredient in growing mortgage market in an underserved economy
Acts as a force for standardization in the market, pushing Member banks
to adhere to best practice
Acts as an intermediate step on the path to a full secondary mortgage
market
Acts to deepen the financial market more generally by providing a long
term investment to institutions with long term liabilities
Can be a tool for delivering policy objectives such as the promotion of
affordable housing or the promotion of local currency lending
12. Corporate Bond
Market
Bank of Tanzania
5 Year loan
at 10.0%
TMRC
5 Year Bond
at 10.00%
5 Year loan at 11.50%
Mortgage
Lenders
13. There were only three (3) banks engaging in
mortgage lending:
Azania Bank Limited
Commercial Bank of Africa (CBA)
Stanbic Bank
Mortgage loans tenors ranged from 5 – 10 years
Mortgage loans interest rates ranged from 20% 22%
14. Stanbic
Repayment Period
20 years
Minimum Loan Amount
TZS. 30m
Azania
TZS. 360m
Maximum Loan Amount
Interest Rate
CBA
15 years
20 years
Depend on loan Depend on loan
affordability
affordability
Client segment
LTV
DSR
Number of Loans June
2013
Total Book size (June 2013
in TZS)
Mortgage market share
0.50%
CRDB
15 years
20 years
TZS. 30m
TZS 20m
18% variable
TZS. 500m
18% variable
0.50%
Administration Fee
NMB
20 years
TZS. 360m
TZS. 350m
19% variable
Barclays
75% - 85%
45%
85%
66%
104
678
31.7 Billion
34.7 Billion
23.37%
25.63%
1.50%
Salaried
80%
50%
185
20.41 Billion
15.07%
19%-TZS & 9%USD
18%
3% (1% -application
fee paid upfront +2%
appraisal fees)
0.50%
Salaried/
commercial use
DCB
20 years
15 years
Depends on ability to
repay
Depends on
Depends on ability to ability to
TZS 500m
repay
repay
18% + 1%
19% variable 19% variable insurance
N/A
Salaried/
Salaried/
commercial use commercial use
TZS 500m
NIC Bank
Exim
KCB
BOA
BancABC
15 years
20 years
15 years
20 years
TZS 30m
TZS 350m
1 year T-bill rate
+400bps subject to a
min. of 15% OR 20%
fixed in Year 1 and
variable thereafter
2%
TZS 40m TZS 40m/USD 40K TZS 20m/USD 12K
Depends on
ability to Depends on ability
repay
to repay
0.18
2% (0.5%
processing
fee + 1.5%
facility fee)
TZS 350m/USD
200K
Variable linked to the
18%-TZS and 10% - bank's prime rate
USD
minus 3%
2% (1.5%
Documentation fee
+ 0.5% arrangement
2%
fee)
Salaried
Salaried
Salaried/Busi Salaried/Busi
individuals
individuals
Salaried
nessmen/Pr nessmen/Pro Employed & self /Businessme Salaried individuals /Businessme Salaried individuals individuals/Business
ofessionals fessionals employed individuals
n
/Businessmen
n
/Businessmen
men
Bank of
Baroda
ICB
NBC
(Proposed )
20 years
30m
TZS. 350m
18% variable
0.50%
Salaried –
medium and
high income
earners
80%-employed &
70%-self employed
50%
80%
80%
50%
80%
50%
80%
50%
80%
80%
45%
14
1
356*
10
14
29
18
N/A
6.58 Billion
2.41 Billion
257 Million
3.28 Billion
2.48 Billion
2.3 Billion
4.5 Billion
3.2 Billion
N/A
4.86%
2%
0.19%
2.42%
1.83%
1.72%
3.35%
2.38%
70% - 80%
45%
80%
60
80%
40%
15. MORTGAGE MARKET DATA
Sno
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Institution
AZANIA BANK LIMITED
STANBIC BANK (T) LTD
COMMERCIAL BANK OF AFRICA (T) LIMITED
NIC BANK TANZANIA LIMITED
EFC TANZANIA M.F.C LIMITED
I & M BANK TANZANIA LIMITED
BARCLAYS BANK (T) LIMITED
BANK OF AFRICA TANZANIA LIMITED
DCB COMMERCIAL BANK PLC
CITIBANK TANZANIA LIMITED
NATIONAL MICROFINANCE BANK (T) PLC.
KCB BANK TANZANIA LIMITED
AKIBA COMMERCIAL BANK LTD
AFRICAN BANKING CORPORATION (T) LTD
EXIM BANK TANZANIA LIMITED
FIRST NATIONAL BANK TANZANIA LIMITED
Total
Average Loan Size
31st December 2011
30th June 2013
Mortgage
Mortgage
No. of Mortgage Debt Debt/GDP No. of
Mortgage Debt
Debt/GDP
Accounts
outstanding
ratio
Accounts
outstanding
ratio
261 $ 12,014,751.42
0.06%
678 $ 21,706,609.40
0.08%
59 $ 12,547,451.39
0.06%
104 $ 19,793,759.98
0.07%
119 $ 12,457,614.18
0.06%
185 $ 12,758,075.12
0.05%
12 $ 4,310,593.15
0.02%
1 $
160,671.66
0.02%
443 $ 4,008,154.54
0.01%
22 $ 1,478,114.66
0.01%
23 $ 2,815,758.57
0.01%
40 $ 2,231,832.77
0.01%
60 $ 4,117,257.98
0.01%
29 $ 2,836,097.68
0.01%
42 $
198,581.25
0.00%
356 $ 2,051,009.33
0.01%
11 $ 1,370,818.67
0.01%
13 $ 1,476,955.34
0.01%
8 $
842,407.39
0.00%
14 $ 1,506,339.78
0.01%
3 $
289,932.18
0.00%
14 $ 1,459,888.41
0.01%
247 $
435,356.41
0.00%
18 $ 2,011,568.67
0.01%
1 $
156,963.54
0.00%
10 $ 1,550,922.07
0.01%
1 $
53,125.00
0.00%
2 $
85,253.03
0.00%
579 $ 47,952,185.61
0.23%
2,197 $ 78,773,677.96
0.32%
$
82,818.97
$
35,855.11
16. High property prices
Introduction of VAT on sale of properties
Non preferential risk weight to mortgage assets
Lack of major property developers
High cost of transfer & compliance
Under developed debt market
17. Issuance of TMRC bonds
Establishment of mortgage information databank
Stimulating establishment of mortgage finance institutions
Establishment of mortgage insurance products
Encouraging banks to offer fixed rate mortgage products
Full securitization/ establishment of FULL secondary mortgage
market