Tanzania: NHC, Dar Bourse Ink 3 Billion/ - Office Accommodation Deal

THE National Housing Corporation (NHC) and the Dar es Salaam Stock exchange (DSE) on Wednesday signed a contract under which the bourse will buy office space at Morocco Square, a new project by the public housing firm in Dar es Salaam's Kinondoni District.

The over 3bn/- contract allows the buyer to pay for the houses in four phases within three years. Speaking shortly after the signing ceremony, NHC Managing Director, Mr Nehemia Mchechu, said Morroco Square was the first modern project covering about 105,000 square metres and was expected to be accomplished in the next three years.

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