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Tanzania Mortgage Refinance Company Ltd



To become the preferred secondary market intermediate for mortgage financing in Tanzania.


To expand home ownership in Tanzania by providing long term financing to primary mortgage lenders.

About TMRC 

Tanzania Mortgage Refinance Company Limited (TMRC) is a private sector institution owned by the banks with sole purpose of supporting banks to do mortgage lending by refinancing banks’ mortgage portfolios.

TMRC is now fully operational having refinanced Azania Bank Ltd to the tune of TZS 4.2 billion. TMRC was founded by five shareholders with no single shareholder owning more than 33 per cent of the equity, minimum equity subscription is TZS 500m.


World Bank

Bank of Tanzania (BOT)

Ministry of Finance

Ministry of Lands, Housing and Human Settlements Development

Watumishi Housing Company

Pension Funds

Visit the Tanzania Mortgage Refinance Company website.

View the TMRC Press release of Jan 20, 2020

Member publications:

01 February 2016
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Case Study: The Role of Mortgage Liquidity Facilities in Housing Finance: Lessons Learned from Egypt, Tanzania, Nigeria and Malaysia

Centre for Affordable Housing Finance in Africa

A case study featuring Nigeria Mortgage Refinance Company and Tanzania Mortgage Refinance Company, both AUHF members.

02 July 2015
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Improving Access to Housing Finance through Mortgage Liquid Facilties

Oscar Mgaya | Tanzania Mortgage Refinance Company (TMRC)

Oscar Mgaya, CEO of TMRC and Chairperson of the AUHF, gave this presentation at HFC …