Dar es Salaam. Economists have welcomed Parliament’s approval of a new legal framework allowing movable assets to be used as collateral for loans, saying it could widen access to finance for Tanzanians who lack conventional assets such as land and houses.
They said the move could unlock capital for individuals and businesses with viable projects but limited access to formal financing, while creating a lending system that better reflects the types of assets owned by many Tanzanians.
Parliament approved the Secured Transactions (Movable Property) Bill, 2026, which establishes a framework for using movable property to secure loans.
An economist at the University of Dar es Salaam, Mr Jehovaness, said improving access to finance was among the key measures needed to accelerate economic growth, particularly because many Tanzanians had viable and bankable projects but lacked capital to implement them.
“Many people have bankable projects and good ideas, but they do not have the financing or money to invest,” he said.
