NCBA Powers Kenya’s Green Logistics Shift with Financing for 15 Electric Trucks

NCBA Group has marked a major milestone in Kenya’s transition to sustainable logistics by financing the deployment of 15 Electric vehicle (EV) tripper trucks to Browns Plantations Kenya (BPK) Limited.

The deployment forms Phase 1 of a 30-unit fleet of FOTON 6-ton electric tipper trucks financed through NCBA Leasing LLP under NCBA Group’s KES 2 billion Electric Mobility (e-mobility) financing programme.

The transaction reinforces NCBA Group’s growing leadership in structured asset financing, with a Hire Purchase market share of 35.4% as of April 2026, and in ESG-aligned lending.

Speaking during the flag-off ceremony, Lennox Mugambi, Group Director, Asset Finance and Business Solutions, NCBA Group, emphasized the strategic importance of the transaction, “This milestone demonstrates NCBA Group’s commitment to financing the future of mobility in Africa. Through our EV Financing Programme, we are enabling enterprises like Browns Plantations Kenya Limited to transition into cleaner, more efficient operations without compromising productivity. This is what sustainable finance looks like in action: practical, scalable, and commercially viable.”

The bank is enabling the deployment through a structured asset financing and leasing model, allowing for rapid and flexible access to project level capital. The financing is being delivered in partnership with ElandX, the first provider in East Africa to offer fully integrated electric truck and charging solutions to corporates.

ElandX is providing a fleet-as-a-service offering which includes vehicle leasing to BPK as well as on-site charging infrastructure. Four EV charging units have already been installed at BPK facilities to enable seamless fleet operations with minimal downtime.

Speaking at the launch, Chalker Kansteiner, Co-founder at ElandX, said, “At ElandX, we are focused on enabling practical, scalable electrification for commercial fleets across Africa, with solutions ranging from light-duty trucks up to heavy-duty prime movers and charging. This partnership with BPK and NCBA Group demonstrates how technology, infrastructure, and financing can come together to accelerate the transition to clean, efficient logistics.”

Together, NCBA Group and ElandX are helping lead Electric Vehicle (EV) adoption in Africa by demonstrating how ecosystem collaboration between financiers, technology providers, infrastructure partners, and corporates can accelerate scalable, commercially viable, and sustainable mobility solutions across the region.

Read Also: NCBA Is No Longer Just A Bank; It Is Becoming The Investment Engine For Kenya’s AI Wealth Era