NCBA, Transafrica Motors Partner to Offer 90% Financing for FAW Commercial Vehicles

 NCBA Group and Transafrica Motors Limited have partnered to provide up to 90 per cent financing for FAW commercial vehicles, in a move aimed at helping businesses expand their fleets amid rising demand for transport and logistics services across Kenya and the wider East African region.

The strategic partnership will make it easier for small and medium-sized enterprises (SMEs), transporters, fleet owners and corporate clients to acquire commercial vehicles through financing arrangements designed to ease upfront capital requirements and support business growth.

Under the agreement, eligible customers can access financing of up to 90 per cent of a vehicle's value, with repayment periods of up to 60 months. Customers will also benefit from a 60-day repayment moratorium after the release of their vehicles, allowing businesses time to put the vehicles into operation and begin generating revenue before repayments commence.

The partnership comes amid strong growth in Kenya's commercial vehicle market, with sales of new zero-mileage vehicles increasing by 23 per cent in the first half of 2026 to a record 7,819 units. Trucks, pickups, buses and prime movers have been among the key drivers of demand, serving sectors such as logistics, construction, agriculture, manufacturing and trade.

Speaking during the announcement in Mombasa, NCBA Group Director for Asset Finance and Business Solutions Lennox Mugambi said the partnership reflects the bank's commitment to providing accessible asset financing solutions that respond to the growing needs of Kenya's transport and logistics industry.

Mugambi noted that increasing trade volumes, infrastructure development and regional commerce were creating new opportunities for businesses, making flexible financing essential for companies seeking to expand their operations.

He said the arrangement would enable entrepreneurs, fleet operators and corporate clients to acquire the vehicles they need while protecting their cash flow and preserving working capital for other business expenses.

Transafrica Motors Managing Director Ali Zubedi said the partnership would help businesses overcome the financial challenges associated with purchasing commercial vehicles outright.

Zubedi noted that companies seeking to expand their fleets must balance the need for reliable vehicles with the high capital requirements involved in acquiring them.

He said the partnership combines financing solutions with access to FAW commercial vehicles and Transafrica Motors' nationwide service support, giving customers an opportunity to grow their operations with greater financial flexibility.

The collaboration is expected to benefit businesses operating in transport, logistics, construction and agriculture, where reliable commercial vehicles are essential for moving goods, supporting production and reaching new markets.

The announcement in Mombasa comes as the Port of Mombasa continues to play a major role in regional trade. The port handled a record 45.45 million tonnes of cargo in 2025, representing a 10.9 per cent increase, while transit cargo destined for landlocked countries, including Uganda, Rwanda, Burundi and South Sudan, grew by 19.5 per cent.

The rising movement of goods through the port and into regional markets has increased the need for reliable transport fleets capable of handling growing cargo volumes and supporting cross-border trade.

Through the partnership, customers will also gain access to additional services, including insurance and asset ownership support, as NCBA and Transafrica Motors seek to provide an integrated solution for businesses purchasing commercial vehicles.

The two companies expect the arrangement to support fleet expansion, improve access to commercial transport equipment and strengthen business activity across Kenya and the wider East African region.