VAELL has once again been featured in the prestigious list of Tanzania’s Top 100 Mid-Sized companies for the year 2019/20 in an event held at Serena Hotel in Dar Es Salaam. This time round we were ranked position 29, being an improvement from number 45 in last year’s survey. This is the fourth appearance on the same survey for our Tanzanian branch. The annual ranking is organized by Citizen newspaper in conjunction with KPMG Tanzania. The annual award winners are normally selected from a competitive pool of applicants through a rigorous scrutiny. A panel of independent judges classify the winners based on their reach, uniqueness and innovation, effectiveness and impact.
VAELL Tanzania was the only leasing firm that made it to the list this year. This is our third major award this year having scooped two other honors in Kenya where we were recognized as the leading lessor and lessor of choice by other such acknowledgement organizers.
VAELL Kenya did not participate in the KPMG award this year since we already passed this category. In 2014, VAELL Kenya was ranked the first runner-up in the survey and rose to Club 101 in 2015.
We owe the success to your contribution and the dedication of our Tanzania team.
It is worth noting that in 2018 we were also recognized as the best East African Company in service sector by East African Business council Tanzania
It is an honor to be recognized at a regional level for our efforts in supporting the growth of SMEs. The award organizers said that our improvement in the ranking came as a result of good and sustainable profitability supported by ability to innovate products and adapt to the market. They also said that since inception we have been at the fore front in supporting and empowering Small and Medium Enterprises through offering customized leasing services for our clients.
In the recent months, the Tanzanian team has tremendously improved and led by example. This is a challenge to other teams to benchmark with this improvement and post better results.
We thank all staff, clients and stakeholders for your continuous support!
By VAELL Tanzania Management