Dar es Salaam – June 16, 2026 – 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.
Exim Bank’s Vehicle Ownership Financing Program offers customers a convenient and flexible way to acquire both new and pre-owned vehicles. Customers can benefit from a low down-payment requirement of only 20%–30%, while payments to vehicle suppliers are made directly, ensuring a continuous purchasing process. By enhancing access to vehicles, this initiative is expected to boost productivity, facilitate business expansion, and stimulate economic activity across Tanzania,” he added.
Speaking on behalf of Africarriers, Mustafa Rashid, Group Director of Finance, noted that by combining Africarriers’ extensive vehicle portfolio with Exim Bank’s flexible financing capabilities, the two organizations are creating a continuous and appropriate pathway to vehicle ownership for both individuals and businesses.
“This partnership marks an important step in our mission to provide accessible and reliable vehicle solutions to Tanzanians. Together with Exim Bank, we are offering customers a practical and affordable financing option that will make vehicle ownership more achievable while supporting business growth and economic development across the country,” said Mustafa
The partnership reflects the shared commitment of both organizations to expanding access to affordable mobility solutions and empowering more Tanzanians to realize their dream of vehicle ownership, including owning a brand-new car. By making vehicle financing more accessible and convenient, the initiative enables individuals and families to transform their aspirations into reality while enjoying the convenience, independence, and opportunities that come with owning a vehicle.
Exim Bank customers are encouraged to visit any Exim Bank Tanzania branch or Africarriers showroom nationwide to explore the financing and vehicle options available and take the next step toward owning their ideal vehicle.
About Exim Bank Tanzania
Established in 1997, Exim Bank Tanzania is one of the country’s leading financial institutions, recognized for its innovation, customer-centric solutions, and strong contribution to Tanzania’s economic growth. With a robust regional footprint across Comoros, Djibouti, Uganda, and Ethiopia, Exim Bank stands as one of the few indigenous banks from Tanzania to successfully expand beyond its borders. Through its wide branch network and advanced digital banking platforms, Exim Bank continues to empower individuals and businesses with reliable, flexible, and forward-thinking financial services.
About Africarriers Limited Africarriers Limited, founded in 1976, began as a small showroom and garage in Dar es Salaam and has grown into one of the largest motor traders in East and Central Africa. The company is part of the Africarriers Group, representing the group’s automobile cluster and focusing on both retail and commercial vehicles. Its operations contribute to the industrialization of Tanzania and the wider region
