If you ask a Tanzanian business owner why the bank said no to their loan application, the response is often the same: the business is real, the stock and machinery are real, but the only collateral the lender would take is land. The Secured Transactions (Movable Property) Act 2026 (“the Act”)2 is intended to break this pattern by creating Tanzania Mainland’s first dedicated framework for taking security over movable property (i.e., inventory, equipment, vehicles, livestock, crops, receivables and other tangible and intangible assets) as loan collateral. It establishes a Collateral Registry (“the Registry”) under the Bank of Tanzania (“BOT”) and sets out rules on how security interests are created, registered, prioritised and enforced. The policy aim is to increase access to credit, support growth and reduce poverty by allowing borrowers to use the productive assets they already hold or own thereby reduce heavy reliance on land and buildings as collateral.
Azuhura is an Associate in the corporate team, having joined the firm in 2022 as an intern and progressed through Associate Trainee to Associate.
She advises local and international clients on corporate and commercial matters, with particular experience in cross-border transactions and regulatory matters across multiple sectors. Her practice includes banking and finance, mergers and acquisitions, and corporate law.
Azuhura has been involved in multi-jurisdictional transactions, advising on transactional structuring, regulatory approvals, security arrangements and corporate and commercial documentation, and works closely with the firm’s corporate, banking and finance and regulatory teams to support clients navigating Tanzania’s evolving legal and regulatory landscape.
- An international lender in a USD 25 million secured lending for the construction of hotels in Tanzania
- An international bank in its acquisition of a local bank
- Both local and international lenders in proposed financing of USD 30 million for the acquisition of shares in a local company
- The legal requirements and approvals for creating exchange-traded funds
- National Bank of Commerce Limited and NMB Bank PLC in respect of a USD 200 million partly secured syndicated financing to the Revolutionary Government of Zanzibar for the financing of key and strategic development projects for the financial year 2023/2024
Professional Qualifications
- Advocate of the High Court and Subordinate Courts thereto save for Primary Court (2026)
Education
- Brock University, Bachelor of Arts – Labour Studies (2018)
- University of Cape Town, Bachelor of law, LL. B (2022)
- Law School of Tanzania, Post Graduate Diploma in Legal Practice (2026)
Memberships
- Member of Tanganyika Law Society (TLS)