04
Sep
Justicia Shipena Civil servants will be able to access home loans under the Pension Backed Home Loan Scheme (PBHLS) starting January 2026. The Government Institutions Pension Fund (GIPF) and the office of the prime minister signed a Memorandum of Agreement (MoA) to implement the scheme on Wednesday. The MoA was signed by secretary to cabinet Emilia Mkusa and GIPF chief executive officer Martin Inkumbi. The scheme allows qualifying members to borrow up to one-third of their pension savings to buy or build a home, purchase land, or renovate existing properties in both proclaimed and unproclaimed areas. Inkumbi said the loans…
