Tanzania: Why Financial Leasing Is Critical for Economic Development

analysis

When the Tanzanian Parliament passed the Bill for the Financial Leasing Act of 2007, a lot was expected to be achieved - capital investment and access to finance - in case it could become law on being assented to by President Jakaya Kikwete.

The law governing financial leases could help meet the needs and demands of local and international investors. On 11 April 2008, the Parliament endorsed the Bill. The same year Tanzania enacted the finance leasing law to help with leasing and hire purchase transactions.

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