Dar es Salaam, 28 November 2025: Exim Bank Tanzania and Simba Developers Limited have announced a strategic partnership aimed at making home ownership more accessible for Tanzanians.
The partnership introduces flexible residential mortgage solutions for customers purchasing modern homes developed by Simba Developers, under Exim Bank’s Nyumba Yangu mortgage product.
The partnership responds to rising demand for affordable home financing in Tanzania’s urban and peri-urban areas, where many aspiring homeowners face challenges related to cost and availability.
Through this arrangement, Exim Bank customers can access mortgage facilities of up to TZS 1 billion under Personal and Preferred Banking, and up to TZS 1.5 billion under Elite Banking, with competitive and negotiable interest rates.
“Owning a home is one of the most significant milestones for many Tanzanians,” said Andrew Lymo, Head of Retail Banking at Exim Bank Tanzania.
“Through our partnership with Simba Developers, we are simplifying the home-buying journey by offering flexible financing options and making it easier for more Tanzanians to achieve their homeownership dreams.”
Yusuf Hatimali Ezzi , Director of Simba Developer, added, “Our homes are designed to offer modern, secure, and comfortable living.
Partnering with Exim Bank ensures our buyers can access financing quickly and seamlessly, helping families move into their ideal homes with confidence.”
This partnership enhances the Bank’s competitive position in the mortgage market as demand for tailored housing finance solutions continues to grow.
By streamlining mortgage approvals and offering flexible financing limits, Exim Bank and Simba Developers are setting new standards for accessible, high-quality residential housing in Tanzania.
It also furthers the Bank’s commitment to national development by expanding access to mortgage financing and supporting the growth of quality residential housing.
And for our customers, the partnership delivers faster mortgage processing, more flexible financing options, and convenient access to modern homes that suit different lifestyle needs and financial capacities. By simplifying each step of the home-buying journey, Exim Bank and Simba Developers are empowering more Tanzanians to make confident, long-term homeownership decisions that strengthen both their financial security and overall well-being.
