Minister for Lands, Housing and Human Settlements Development, William Lukuvi said the donation will assist the ministry to have all regional offices computerised hence modernise the keeping of land related documents including title deeds.
“On behalf of the government, I would like to thank Azania Bank’s management for the decision to support government efforts to decentralise but also modernised land documentation in the country,” Lukuvi said.
He further noted that the decentralization of the ministry’s land management issues from zonal to regional level needs heavy investments in equipment and manpower hence the computers will complement state’s efforts to achieve the feat.
“I would like to call upon my ministry’s officials who will make use of these computers to ensure that accuracy and efficiency are improved so that we offer better services to the public,” the Lands Minister added while stressing that officials should work hard to ensure that all land related conflicts are solved timely.
Speaking at the same ceremony, Azania Bank Sokoine Branch Manager, Makalla Mbura said as a bank that operates in the country, its management has been impressed by Ministry of Lands efforts to decentralise and digitise its activities. Mbura said Azania’s leadership backs Minister Lukuvi’s efforts to address land conflicts affecting the public countrywide.
“As a financial institution, we found it necessary to support your ministry’s efforts in addressing challenges facing the public in land related matters which includes conflicts,” he added saying that as a major mortgage lending bank, Azania understands challenges that the ministry faces.
“We have given out mortgage loans to enable members of the public who seek to construct or buy family houses at affordable rate but also for longer repayment periods,” Mbura added while revealing that borrowers have up to 25 years to repay their mortgage loans.
Established in 1995, Azania Bank was the first indigenous private bank to operate in the domestic market following the government’s liberalization of the banking sector. “We currently provide banking services at 23 locations in Tanzania. We also have 12 standalone Bureau De Change units and forex exchange windows in all our branches across the country but also offer services through our various digital banking platforms such as Internet banking and mobile application,” he stated.
Azania’s major shareholders are Public Sector Social Security Fund with 51.95 percent, National Social Security Fund with 27.99 percent; National Health Insurance Fund with 17.42 percent; Workers Compensation Fund with 1.79 percent and East African Development Bank with 0.51 percent while minority shareholders who include the bank’s staff hold 0.34 percent.