Exim Bank, Africarriers partner to simplify vehicle acquisition for Tanzanians

DAR ES SALAAM: EXIM Bank Tanzania has today entered into a strategic partnership with Africarriers to provide accessible and affordable vehicle financing solutions for individuals, entrepreneurs, small and medium-sized enterprises (SMEs), across the country. This collaboration underscores Exim Bank’s commitment to going beyond conventional banking by delivering practical, customer-centric solutions that respond to the evolving needs of Tanzanians and support the country’s economic growth.

Through the vehicle financing service, both new and existing Exim Bank Tanzania customers will be able to access financing for a wide range of brand-new and pre-owned vehicles, including leading brands with growing popularity and innovation such as Jetour, Eicher, Sany, and JAC Motors, with low upfront capital requirements and flexible repayment arrangements. The service is designed to make vehicle ownership more accessible and affordable for individuals, families, and businesses alike.

Customers can benefit from affordable monthly instalments spread over a repayment period of up to 72 months, making the dream of owning a reliable, high-quality vehicle more attainable than ever before.

Speaking during the partnership signing ceremony, Exim Bank Chief Financial Officer, Shani Kinswaga, highlighted that this partnership is specifically designed to support a wide range of customers, including salaried employees, business owners, entrepreneurs, high-net-worth individuals, SMEs, and corporate organizations seeking dependable transport solutions without straining their working capital.

“At Exim Bank, we continuously seek innovative ways to empower our customers and support their aspirations. The partnership with Africarriers enables us to offer convenient and flexible vehicle financing solutions that help individuals and businesses acquire reliable transportation while preserving their financial resources for other priorities,” said Shani.