WHI Unveils Strategies To Expand Faida Fund's Scope In 2024

<span style="font-family: verdana; font-size: large;"><br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaAELKSotaHp2wXOcs4N1Fi0IbShlDRcZisZuzDMg4dm5L6fEBOzPXxDm8vtG-niC0vtw-5mTAi8qM4E3ugrZAn_SPoEpWTB9RZHyw_NvGi6n6IvpqHvzFcEDjAxLLeEo0Gjm-hhYd_R49TpzVQYp_c81jFCDeJk7tU59AsABQsLCY4w2JDiSMOm65G7U/s1024/fund%201.jpg"><img border="0" height="427" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaAELKSotaHp2wXOcs4N1Fi0IbShlDRcZisZuzDMg4dm5L6fEBOzPXxDm8vtG-niC0vtw-5mTAi8qM4E3ugrZAn_SPoEpWTB9RZHyw_NvGi6n6IvpqHvzFcEDjAxLLeEo0Gjm-hhYd_R49TpzVQYp_c81jFCDeJk7tU59AsABQsLCY4w2JDiSMOm65G7U/w640-h427/fund%201.jpg" width="640" /></a><br /><br /><br /><br /><br />By Valentine Oforo<br /><br />THE Watumishi Housing Investments (WHI) plans to implement an array of strategies meant to heighten the scope of investors and profits in its excelling collective investments scheme (CIS), Faida Fund.<br /><br />Among others, this year's vision is to upscale the fund size to a substantial 30bn/ as well as pushing the total number of investors beyond the current 3,524.<br /><br />With few years since it’s inception, the open-ended scheme run by the country's state –owned fund manager has so far fetched remarkable milestones to the tune of solidifying its position as a thriving investment platform.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit7frEf7lrCGp6FOKjSQdBAJHnsORLgss38_-Dctvw_K87sPG7ElhAgaKWrrouvuuIdQEgJmTEocTwV-MTQ-9IrjqTllmPFjcqPg-KZzOoHxeDG2BGJGIErkx2zezwyv2aL1PYnh1QCQpm1KrJ_fCG8s2AkrHwHzJMOJBh9X5FRAfmtiVejIUa6GkFUVI/s1024/faida%20fund.jpg"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit7frEf7lrCGp6FOKjSQdBAJHnsORLgss38_-Dctvw_K87sPG7ElhAgaKWrrouvuuIdQEgJmTEocTwV-MTQ-9IrjqTllmPFjcqPg-KZzOoHxeDG2BGJGIErkx2zezwyv2aL1PYnh1QCQpm1KrJ_fCG8s2AkrHwHzJMOJBh9X5FRAfmtiVejIUa6GkFUVI/w640-h320/faida%20fund.jpg" width="640" /></a> <br /><br /><br /><br />Giving an interview to Prince Media Tanzania, the WHI Head of Investment Unit, Paskali Massawe said the foreseen plans incorporate effective marketing strategies to expand the fund's outreach.<br /><br />"Faida Fund will soon launch an extensive marketing campaign, through both digital and traditional channels with an eye to reach a wider audience and attract new investors into the fold, pushing the total number of investors beyond the current 3524," she unveiled.<br /><br />Together with that, Massawe expressed that plans are also afoot to explore new avenues for investment onto the fund, added: " This includes identifying emerging sectors and markets with growth potential while maintaining a vigilant approach to risk management,"<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiajWkInq5XLTRpmsUof-rV7Ja-wGmws2qdWZZDmMCT5aNc7v6WBiNu1yv47-mo5qtxyvvyd-X23rurjF8YmEn461K0eQdUmWmIbqWl-60GKPwww747ikJJzvog3EwOtnK38LahQQvkj2-wbHKZJi5TEHYFwZh-VZPKa7soyOGmxVtQpAVoEck0ICLaY0c/s673/fund%203.jpg"><img border="0" height="286" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiajWkInq5XLTRpmsUof-rV7Ja-wGmws2qdWZZDmMCT5aNc7v6WBiNu1yv47-mo5qtxyvvyd-X23rurjF8YmEn461K0eQdUmWmIbqWl-60GKPwww747ikJJzvog3EwOtnK38LahQQvkj2-wbHKZJi5TEHYFwZh-VZPKa7soyOGmxVtQpAVoEck0ICLaY0c/w640-h286/fund%203.jpg" width="640" /></a><br /><br /><br /><br />To help attract more potential investors, He communicated that Faida Fund will roll out an extensive investor education program, providing in-depth materials and hosting seminars to ensure informed decision-making among current and prospective investors.<br /><br />"The other intervention," Massawe informed, will base on efforts to further strengthening partnerships and collaborations within the financial industry.<br /><br />"The fund seeks to leverage collective resources and expertise for mutual benefit, fostering a collaborative ecosystem," he insisted.<br /><br />And with a keen focus to help maximizing returns, Faida Fund will continuously monitor and optimize its existing investment portfolio, the proactive approach which aims to enhance performance and uphold prudent resource management practices, according to Massawe.<br /><br />With a total fund size now reaching a formidable 19,557,709,707.20 Faida Fund has shown exceptional financial strength, with the Net Asset Value (NAV) stands at an impressive 110.7900, underscoring the fund's commitment to delivering value to its investors.<br /><br /><br /></span><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR57WFpADbzzDCDQnMyFg_hX8gxun58UtkRFwrXT7nx4uSNL-Yf8_Q5VBox7Ycc_Vry4hWRDgJmUUEbhmKea9edpCm-UFnmd9rfmIjPdRUTMLwL1uFi4TC5rruUYOoBh5mvPnfpMS0q1Va2r1bZZlAs_psWrNJdNrHVT5cpVftwGUDcdLqNOBgTGf2EfM/s1024/fund%202.jpg" style="margin-left: auto; margin-right: auto;"><span style="font-family: verdana; font-size: large;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR57WFpADbzzDCDQnMyFg_hX8gxun58UtkRFwrXT7nx4uSNL-Yf8_Q5VBox7Ycc_Vry4hWRDgJmUUEbhmKea9edpCm-UFnmd9rfmIjPdRUTMLwL1uFi4TC5rruUYOoBh5mvPnfpMS0q1Va2r1bZZlAs_psWrNJdNrHVT5cpVftwGUDcdLqNOBgTGf2EfM/w640-h640/fund%202.jpg" width="640" /></span></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: start;"><span style="font-family: verdana; font-size: large;">WHI Head of Investment Unit, Paskali Massawe</span></span></td></tr></tbody></table><span style="font-family: verdana; font-size: large;"><br /><br /><br /><br /><br /><br /><br /><br />So far, the profit distributed to investors has reached an admirable 1.3 bn/-, showcasing tangible returns for those who entrusted their investments with Faida Fund.<br /><br />"This distribution reflects the fund's dedication to providing lucrative opportunities for its growing investor base," he added.<br /><br />Giving more observations, the WHI's Investment head expressed that in a financial landscape marked by uncertainties, Faida Fund's steadfast growth and strategic plans make it a standout choice for investors seeking stability and lucrative opportunities. As the fund navigates the path to a 30 billion fund size, it remains a beacon of success in the world of investments.<br /><br />As Faida Fund embarks on this ambitious journey, it positions itself as a beacon of growth and stability in the financial realm.<br /><br />With a meticulous blend of strategic initiatives, the fund is poised to not only achieve its 30bn/- target but also redefine the landscape of investment opportunities for its stakeholders. Investors, both current and prospective, can anticipate a dynamic and promising future with Faida Fund at the helm of financial innovation.<br /><br />Faida Fund is an open-ended scheme, which seeks to create wealth to Tanzanians particularly to middle and low-income groups through investments in units to obtain competitive return through capital growth; and enhance the culture of savings in the financial assets.<br /><br /></span><br />

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WHI Unveils Strategies To Expand Faida Fund's Scope In 2024

By Valentine OforoTHE Watumishi Housing Investments (WHI) plans to implement an array of strategies meant to heighten the scope of investors and profits in its excelling collective investments scheme …

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BEVAC Moves To Install Ultra Modern Bee-Yards Demo For Stimulating Tanzania’s Apiculture Sector

<span style="font-family: verdana; font-size: large;"><br /><br /> <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2G79FYLaIzHYMgn-uP0LL2K59cA4LII6x9Igwn8gy3nPwmVZvB66Ojhe6IRSMUpxqCW-hYHKhGe9AYdMGUQ84hDyvzjz9bYzaHsY5nXiwLbYoUx4obOzo5FuqPODfdIgA302saHnhVoz4rwyH7q4BlUhwMOgMht5oaZZJjTmfoyLwVvofYqMxNlNf4-8/s2600/BEVAC%203.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2G79FYLaIzHYMgn-uP0LL2K59cA4LII6x9Igwn8gy3nPwmVZvB66Ojhe6IRSMUpxqCW-hYHKhGe9AYdMGUQ84hDyvzjz9bYzaHsY5nXiwLbYoUx4obOzo5FuqPODfdIgA302saHnhVoz4rwyH7q4BlUhwMOgMht5oaZZJjTmfoyLwVvofYqMxNlNf4-8/w640-h426/BEVAC%203.jpg" /></a><br /><br /><br /><br />By Valentine Oforo, Dodoma</span><div><span style="font-family: verdana; font-size: large;"><br /><br />THE Beekeeping Value Chain Support (BEVAC) Project has embarked on a robust initiative for the establishment of demonstration apiaries to serve as key podium centers for the rolling out of relevant knowledge to the stakeholders and experts involved in the country’s apiculture sector.<br /><br />The timely development shelved to take shape from this month incorporates constructions of the vital beekeeping facilities within at least 15 districts of Tanzania Mainland as well as the 4 districts in Pemba island.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpBQkH6Kmo84Cz7SxOw85n0YUa0nZ35XfHdmGBMHGWlgPAQGj_Had5jDN5ABjpvbn4rtmW8MuhZjrvANivQGVlvnzrwhyJir-spOCC-YPAhSR6Td4uOjja2MQfwED1232-r1jpdl2ONiMkb4cKM7uzjeIfjrWDO1D7uN-_QQXt_tLDPZMAlqTTqcj_PJQ/s780/BEVAC%202.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpBQkH6Kmo84Cz7SxOw85n0YUa0nZ35XfHdmGBMHGWlgPAQGj_Had5jDN5ABjpvbn4rtmW8MuhZjrvANivQGVlvnzrwhyJir-spOCC-YPAhSR6Td4uOjja2MQfwED1232-r1jpdl2ONiMkb4cKM7uzjeIfjrWDO1D7uN-_QQXt_tLDPZMAlqTTqcj_PJQ/w640-h386/BEVAC%202.jpg" /></a><br /><br /><br /><br /><br />An apiary, also known as a bee yard, is a location where beehives of honey bees are kept, and usually, such areas are wall-less, roofed structure, similar to a gazebo which houses hives, or an enclosed structure with an opening that directs the flight path of the bees.<br /><br />Giving an interview to this publication, Deogratius Kimena, the project’s Expert in Result Monitoring expressed that the initiative which seeks to further improve performance of the sector is being implemented by Enabel, the Belgian Development Agency through funds from the European Union (EU).<br /><br />“Among others, the envisaged bee-yards are expected to play a meaningful role to help impart the districts beekeeping officers (DBOs), as well as the beekeepers in the beneficiary districts with the best recommended beekeeping practices,” he detailed.<br /><br />Kimena named the 15 mainland districts in which the project is going to be implemented as Kakonko, Kibondo, Kasulu, Uvinza, Tanganyika, Nsimbo, Mlele, Sikonge, Uyui, Urambo, Kaliua, Kahama-Ushetu, Manyoni-Itigi, Ikungi and Singida.<br /><br />He further informed that, apart from the project, BEVAC will this year run a number of campaigns to disseminate vital training to the majority of beekeepers to ensure high quality honey is produced which meet the set international market standards.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiy7EeWNhOIEyaKZbiaj4cNKHtLHM1aLSWgC93EU6G_u2njQSkSGS3wUhgMzyIoF5nDAnVTOGdYtz44DkTgETSEe5tmwIrPRBbtSjYVyXmMpeEgwRbxk5vfyaKSZI7Ri0wqB0smFODoM9d82j-G7YJoOGymOBW_CClkDys3J-CdXWDeH3ua9IqEbjlYVb4/s400/BEVAC%20ONE.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiy7EeWNhOIEyaKZbiaj4cNKHtLHM1aLSWgC93EU6G_u2njQSkSGS3wUhgMzyIoF5nDAnVTOGdYtz44DkTgETSEe5tmwIrPRBbtSjYVyXmMpeEgwRbxk5vfyaKSZI7Ri0wqB0smFODoM9d82j-G7YJoOGymOBW_CClkDys3J-CdXWDeH3ua9IqEbjlYVb4/w640-h640/BEVAC%20ONE.jpg" /></a><br /><br /><br /><br />“For example, in Pemba island establishment of new beekeeping reserves is being prioritized in January with the initial stages including holding community meetings and meeting with leaders of hosting Shehias,” he added.<br /><br />Together with that, Kimena expounded that plans are also afoot to organize an array of remote coaching of beekeeping SMEs on branding and packaging that continues to support them to access and meet international markets of bee products.<br /><br />In more concerted efforts to spur the sector, the project is working in sync with the Ministry of Tourism and Natural Resources for Tanzania Mainland and Ministry of Agriculture, Irrigation, Natural Resources and Livestock in Zanzibar to establish new bee reserve areas in different regions with apiculture potential across the country.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOPC8FP4WJtmsa2ePIc1PptCvJF6bbjyoJlUr7OjYM-SzoSywnXP_PUgZHrmTA6VwSIyOtFBwkvepFnoIzBc8L3NGIDdSB631GPsBxTDYgVvzdKvjiZNe2R6FTWtWA9HNwol3wDl5hVzitqIGxo3FOrj6woeRB1xneUU_2TNqY5seLdktK1vOl2AgZGy0/s1000/BEVAC%204.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOPC8FP4WJtmsa2ePIc1PptCvJF6bbjyoJlUr7OjYM-SzoSywnXP_PUgZHrmTA6VwSIyOtFBwkvepFnoIzBc8L3NGIDdSB631GPsBxTDYgVvzdKvjiZNe2R6FTWtWA9HNwol3wDl5hVzitqIGxo3FOrj6woeRB1xneUU_2TNqY5seLdktK1vOl2AgZGy0/w640-h288/BEVAC%204.jpg" /></a><br /><br /><br /><br /><br /><br /><br />The target, according to Kimena, is to ensure that at least a total of 53,527 hectares of forest land is conserved and officially recognized as a beekeeping reserve area.<br /><br />Tanzania stands 14th country for beekeeping in the world and 2nd in Africa with most of the country's produced honey and beeswax often exported to Germany, France, Belgium and Netherlands, Oman, USA, Japan, Botswana, Burundi, Rwanda, Uganda, Congo DRC, Somali and neighboring Kenya.<br /><br />Moreover, relevant records depict that the country is currently producing over 138,000tons of honey and 9,200tons of beeswax per year.<br /><br />Tanzania holds at least 48.1million hectares of forests, equivalent to 54 percent of the county’s area, whereby the government reserved forests area is 465 hectares, including 24 tree plantations,23 natural environmental conservation areas, and 20 beekeeping reserves.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD9TiX2rVAfY1livuoXZj4BKiaulp0_fjDq6LMzXnIG6m-OZKBolXEX4K3msYi85CbJAJQYnwKga1Hkc-BpVuG4Kn8fb7aJEoNqNSjNhSLqy7zH3KAIlKxAa9pk_cltjZ_fZmhxd9_81fgXqQd7mV5Iey5hzXka8Pf9u40tZcIahFgvk5twiauag52xv8/s1080/NYUKI.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD9TiX2rVAfY1livuoXZj4BKiaulp0_fjDq6LMzXnIG6m-OZKBolXEX4K3msYi85CbJAJQYnwKga1Hkc-BpVuG4Kn8fb7aJEoNqNSjNhSLqy7zH3KAIlKxAa9pk_cltjZ_fZmhxd9_81fgXqQd7mV5Iey5hzXka8Pf9u40tZcIahFgvk5twiauag52xv8/w640-h288/NYUKI.jpg" /></a><br /> <br /><br /><br /><br /><br /><br /></span><br /></div>

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BEVAC Moves To Install Ultra Modern Bee-Yards Demo For Stimulating Tanzania’s Apiculture Sector

By Valentine Oforo, DodomaTHE Beekeeping Value Chain Support (BEVAC) Project has embarked on a robust initiative for the establishment of demonstration apiaries to serve as key podium centers for the…

Read more »