Prospects for Lease Finance in Tanzania

Abstract

The paper examined current global trends in lease financing and then focuses on the role of this product in promoting lending in Tanzania. It observed that leasing industry has been growing rapidly in developed countries – a development attributed to effective policy environment conducive to flexible financing to SMEs, and other small businesses. As regards to Tanzania, the paper focuses on the role of financial leasing in accelerating growth, existing potential in the lease market, and challenges ahead.