WHI’s Faida Fund Distributes Impressive Return Of Over 1.3bn/- To Involving Investors -

By Valentine Oforo, Dodoma

The Watumishi Housing Investments (WHI)’s Collective
Investments Scheme (CIS), Faida Fund, has impressively managed to realise a
significant return of over 1.3bn/- it has been unveiled.

The lucrative profit fetched through the vital
open-ended scheme run by the country’s esetmeed state –owned fund manager has
been distributed among the 2,898 investors associated with the fund, showcasing
the fund’s commitment to delivering value to its investors.

Giving an interview to this publication today in
Dodoma Capital City, the WHI Head of Communications Unit, Maryjane Makawia,
informed that The latest financial statement of Faida Fund reveals a return
distribution that underscores the fund’s robust performance.

“The profit, a total of 1,346,162,757.4/- has
been disbursed equitably among the 2,898 investors, marking a successful phase
for the fund and its participants. This profit-sharing initiative highlights
the fund’s dedication to ensuring that investors reap the rewards of their
investments,” she observed.

She communicated that the fund boasts a diverse
investor base, with 2,898 individuals benefiting from the recent profit
distribution added: “ This wide investor participation showcases the trust and
confidence investors have in Faida Fund and WHI’s management,”

Faida Fund’s Net Asset Value Per Unit (NAV) stands
strong at 107.8088, reflecting the fund’s robust financial health and
stability. This metric is a testament to WHI’s prudent investment strategies
and management expertise.

“The fund’s total size is currently at around 16,389,384,455.11/- reaffirming Faida Fund’s position as a significant player
in the collective investment landscape,” she added.

Dwelling over the investor confidence and future
prospects, she expressed that the profit distribution and the fund’s impressive
financial indicators underscore the investor confidence in Faida Fund’s
management, whereby the investors continue to benefit from WHI’s expertise,
making Faida Fund a preferred choice for those seeking stable and lucrative investment
opportunities.

Looking ahead, according to Makawia, the Faida Fund
and WHI are poised for continued growth and success with a patriotic focus on
prudent investment practices, transparent communication, and investor
satisfaction.

“Faida Fund
remains committed to delivering superior returns and fostering long-term
relationships with its investors,” she stated.

Investors and financial enthusiasts alike are
encouraged to monitor Faida Fund’s performance closely, as it continues to
thrive in the ever-evolving financial landscape, providing investors with
profitable and reliable investment avenues, according to her.

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.