Strive for quality, Watumishi Housing told
PERMANENT Secretary in the President’s Office, (Good Governance and Public Service Management), Mr Juma Mkomi has challenged Watumishi Housing Investment (WHI) to strive for quality and best prices for houses that address customer’s needs.
Mr Mkomi gave the challenge here yesterday when he visited the WHI projects at Njedengwa roof top residential houses construction project, saying they must strive to work harder to solve public servants’ accommodation shortage especially in the councils.
“No matter the situation you should not compromise the quality and standards of your residential houses alongside giving the best and affordable prices that meet the public servants’ income,” he said.
He was satisfied with the construction pace, advising them to acquire land in prime areas. He also expressed the government’s commitment to ensure they (WHI) have the capital and professional staff for the timely completion of the projects.
The permanent secretary said WHI should liaise with the regional administration and local government councils so that they take up residential house construction projects in their areas of priority to enable the capital serve others in need as well.
Moreover, he said WHI should take a special initiative to enroll the public servants and members of the social security fund to the Faida Fund, which is an open-ended scheme, which seeks to create wealth to the middle and low-income groups through investments in units.
“See how you can create awareness on Faida Fund to the intended cadre including public servants to obtain competitive returns through capital growth and enhance the culture of savings in the financial assets,” he said.
Faida Fund launched in January this year, as of April, has enrolled a deposit of 14.9bn/- from more than 6,000 investors from all walks of life. Faida Fund was registered with Capital Markets and Security Authority (CMSA) in September 2020.
The Fund is run by the WHI as a Fund Manager with professionals approved by CMSA. The scheme preserves the capital and offers high return through its investments policy.
Investment is exclusively in safer short-term instruments such as treasury bills, certificates of deposit commercial paper and inter-bank call account money.
Earlier, WHI Managing Director, Dr Fred Msemwa said, said they are working hard to address the shortage of public servants’ residents, especially in rural and remote areas.
He said the public developer continues with the implementation of a Public Servants Housing Scheme with the focus on medium and low-income earners hence exerting a positive impact on the mortgage market.
He said they focus on the quality and standards of their houses but also offering the best and affordable prices to the public servants.
The report named other promising ongoing projects by WHC as Mkundi Residence located in Morogoro with 50 residential houses, Kisesa Residence in Mwanza and Ndejengwa Housing Estate in Dodoma.
