Tanzania, Sept. 1 -- Dodoma. Tanzanians will soon have more options for securing loans as the government proposes a new legal framework allowing a wider range of movable assets to be used as collateral.

The Secured Transactions (Movable Property) Bill, 2026, which was approved by the Parliament yesterday, seeks to establish rules for using movable property to secure loans, potentially widening access to finance for individuals and businesses without conventional fixed assets such as land and buildings.

"The aim is to increase access to credit for citizens, thereby promoting economic growth and reducing poverty," the Bill states in its explanatory memorandum.

The proposed law would allow borrowers to pledge both tangible and intangible ...