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Tanzania’s New Collateral Law | Tanzania News
Tanzania’s Finance Minister just unveiled a game-changing bill to unlock credit for millions by letting people use movable assets like cars and machinery as collateral—no more stuck with land-only loans. The goal? Boost banking penetration from 22% to 50% by 2030 and jump private sector credit from 22.5% to 50% of GDP, fueling jobs and economic growth. But without a central registry, assets get double-pledged, debts pile up, and disputes go unresolved. This 10-part bill tackles that chaos head-on, creating clear rules for registration, asset management, and enforcement—finally modernizing…
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