FF News Logo
Sunday, April 19, 2026
Consensus x FFNews

Breaking News

InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants InsurTech NY: QuickFacts on Broker Data Houston Fraley on Why Security Is the Foundation of Trust in FinTech Fintech Meetup 2026: What Brings You to Fintech Meetup This Year? Pay360 2026: Why Are People Attending Pay360 2026? Finastra: Balancing Innovation and Trust in Payments NatWest Group to Expand Scope of Financial Education Into UK Workplaces to Help Address Confidence Gap Guidewire Launches ProNavigator, Embedding Expert AI Insights into Insurance Workflows Kin Launches Direct-to-Consumer Home Insurance in Oklahoma Slash Achieves Unicorn Status Following $100m Series C Fundraise City of San Diego Selects Klear.ai in a Highly Competitive Process to Modernize Risk Management Operations BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy Alkami to Expand GenAI Capabilities with the Launch of Alkami Code Studio

June 3 2016

New Transactions Law for Zambia

Share this post:

Share on LinkedIn Share on WhatsApp

IFC, a member of the World Bank Group, has helped Zambia create a modern secured transactions law, which will allow entrepreneurs and smaller businesses in the country to use moveable collateral to access loans, supporting growth and financial inclusion and strengthening the financial system.

The law, the ‘Personal Property Security Interest Act’, creates a legal framework that will allow borrowers to use moveable collateral, such as equipment, machinery, inventory, and other types of moveable property to access finance. It will especially help those who do not own non-moveable collateral (such as land), including many women entrepreneurs.

Elaine MacEachern, Global Specialist, Secured Transactions and Collateral Registries for the World Bank Group’s Finance and Markets Global Practice, said: “The enactment of this law is a critical first step in developing a secured lending framework in Zambia that protects the rights of all types of regulated financial institutions, microfinance institutions, and leasing companies, encouraging them to provide financing secured by moveable collateral. To ensure this framework is complete, we must continue working with the Government of Zambia to build an online personal property security registry system.”

The establishment of a modern collateral registry in Zambia will allow small businesses and individuals lacking traditional collateral (such as land or real estate) to register their moveable assets as collateral in order to secure a loan from a financial institutions or other lending institutions.

By 2020, the project aims to have generated $2 billion in financing to firms and benefited 6,500 SMEs, 1,200 micro enterprises, and 1,200 women entrepreneurs.

  1. InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time

    Insurtech

     Read more
  2. NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality

    Fintech TV

     Read more
  3. MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants

    Event Videos 2026

     Read more
  4. InsurTech NY: QuickFacts on Broker Data

    Insurtech

     Read more
  5. Houston Fraley on Why Security Is the Foundation of Trust in FinTech

    Thought Leadership

     Read more
FinovateSpring | FFNews
More On