Faida Fund Total Value Reaches 112bn/- with 13% Annual Return

TLDR

• WHI Acting Chief Executive, Architect Sephania Solomon, said the fund had continued to expand, with its total value reaching 112bn/- and an annual return of 13 per cent.
• The fund allows contributors to access their savings after 90 days when necessary, making it an option for workers seeking both investment growth and some liquidity.
• Deputy Minister in the President’s Office, Public Service Management and Good Governance, Regina Qwaray, said the fund provides workers with a flexible way to build retirement savings while earning returns on their.
• Membership in Faida Fund also gives investors opportunities to access WHI housing projects, linking savings and investment with potential home ownership, Solomon said.
• DAR ES SALAAM: THE government is stepping up efforts to promote the Faida Fund among civil servants and the public, seeking to deepen a savings culture and widen access to investment opportunities offering competitive.