When will TANZALEP begin offering asset leasing?
TANZALEP is not a leasing company; it is a Technical Assistance (TA) / advisory initiative whose objective is to support development of the leasing industry in Tanzania, and thereby improve financing options for small and medium enterprises in the country. TANZALEP will achieve its objectives by implementing five major components which are: legislative and regulatory review, (in view of advising on appropriate and favorable legislative and tax regime for leasing); capacity building for stakeholders (to increase leasing knowledge); business development services for leasing companies, information/public education campaign; and support for formation of a Tanzania Leasing Association. TANZALEP is implementing its components and has already submitted a draft of a proposed leasing law, as well as tax recommendations to the government of the United Republic of Tanzania.
