STANBIC BANK SUPPORTS HOUSING FINANCE THROUGH CAPITAL MARKETS LEADERSHIP

Stanbic Bank Tanzania Chief Executive, Mr. Manzi Rwegasira.

Dar es Salaam, Tanzania – Stanbic Bank Tanzania has reaffirmed the critical role of capital markets in advancing Tanzania’s long-term development, following its participation as Lead Arranger in the Makazi Bond issued by First Housing Finance Tanzania (FHF).

The Makazi Bond marks a significant milestone in mobilising domestic capital to support housing finance, a sector that underpins economic productivity, employment creation, and social wellbeing.

Strengthening Housing Finance Through Capital Markets

First Housing Finance Tanzania (FHF) is the country’s pioneering and leading dedicated non-bank mortgage lender, recognised for its market expertise and strong commitment to expanding homeownership opportunities across the country. As of 31 March 2025, FHF held 5.3% of Tanzania’s mortgage market share, having advanced TZS 36 billion in mortgage financing to hundreds of Tanzanians.

The Makazi Bond represents a strategic move to channel long-term funding into housing finance. Its first tranche of TZS 5 billion, with a greenshoe option of up to TZS 3 billion, highlights growing investor confidence in well-structured instruments that balance financial returns with developmental impact.

Leadership Insights

Speaking at the bond’s launch, Stanbic Bank Tanzania Chief Executive, Mr. Manzi Rwegasira, emphasised the importance of using capital markets intentionally to support national priorities.

“Housing is more than shelter. It is a foundation for stable households, stronger communities, and sustainable economic growth. By structuring credible and investable instruments, capital markets can play a meaningful role in addressing real needs within the economy,” he said.

The proceeds from the bond will enable FHF to scale up its mortgage lending activities, improving access to housing finance while stimulating employment across the construction sector and related supply chains. The initiative also contributes to greater financial inclusion for Tanzanian families.

Building Investor Confidence

Ms. Ester Manase, Head of Corporate and Investment Banking at Stanbic Bank Tanzania, noted that disciplined structuring is essential for deepening local capital markets and building investor trust.

“For capital markets to grow, instruments must be transparent, accessible, and aligned with long-term economic outcomes. Transactions such as the Makazi Bond demonstrate how private capital can be mobilised responsibly to support development while delivering value to investors,” she said.

Meanwhile, Ms. Sarah Mkiramweni, Senior Vice President for Debt Capital Market & Distribution, highlighted that the issuance aligns with Tanzania’s Vision 2050, which prioritises inclusive growth, shared prosperity, and social wellbeing.

She added that housing finance plays a vital role in supporting urban development, household stability, and long-term productivity.

Invitation to Investors

Stanbic Bank Tanzania has invited both local and international investors to participate in the Makazi Bond, offering an opportunity to achieve attractive financial returns while making a tangible social and economic impact.

By investing in the Makazi Bond, stakeholders contribute directly to improving access to housing finance and supporting Tanzania’s journey toward inclusive and sustainable development.

Stanbic Bank Tanzania continues to play an active role in structuring innovative financial solutions that connect capital to impact, reinforcing the growth of Tanzania’s capital markets and the broader economy.