NCBA and TransAfrica Motors Launch Vehicle Financing Solution as Demand for Commercial Fleets Rises

NCBA Group and TransAfrica Motors Limited have signed a strategic partnership to finance FAW commercial vehicles, simplifying vehicle acquisition through embedded financing solutions.

The announcement was made in Mombasa, a critical gateway for regional trade, where rising cargo volumes through the Port of Mombasa continue to drive demand for commercial transport and fleet expansion across East Africa.

Under the partnership, eligible SMEs, fleet owners, transporters and corporates can access up to 90% financing on vehicle value, with repayment periods of up to 60 months and a 60-day repayment moratorium after vehicle release, giving businesses room to put new vehicles to work before repayments begin.

The partnership comes at a time when demand for commercial vehicles is accelerating. New zero-mileage vehicle sales grew 23% in the first half of 2026 to a record 7,819 units, led by trucks, pickups, buses and prime movers that serve sectors such as logistics, construction, agriculture, manufacturing and trade.

Lennox Mugambi, Group Director, Asset Finance and Business Solutions at NCBA, said the partnership reflects NCBA’s broader commitment to structured, accessible asset finance that keeps pace with the needs of Kenya’s growing transport and logistics economy. “Kenya’s transport and logistics sectors are entering a new phase of growth, driven by increasing trade volumes, infrastructure development and regional commerce. Businesses need financing solutions that move at the same pace as opportunity. Through this partnership, we are making it easier for entrepreneurs, fleet owners and corporates to acquire the vehicles they need while protecting their cash flow and preserving working capital.”

“Financing should never be the barrier that keeps a customer from taking the next step. Businesses looking to expand their fleets often have to balance the need for reliable vehicles with the capital demands of buying them outright. This partnership eases that pressure by giving customers access to quality FAW commercial vehicles backed by TransAfrica’s nationwide service and warranty support, alongside financing structured around how businesses actually grow. That combination is what unlocks real expansion, not just a one-off purchase,” said Ali Zubedi, Managing Director, TransAfrica Motors.

The partnership supports business growth, fleet expansion and economic development across key sectors including transport, logistics, construction and agriculture.

The move comes as Mombasa experiences rising cargo flows through the Port of Mombasa, which handled a record 45.45 million tonnes in 2025, up 10.9%, while transit cargo to landlocked markets including Uganda, Rwanda, Burundi and South Sudan grew 19.5%. The movement of goods from the port into regional markets is increasing demand for reliable, well-financed commercial fleets, an opportunity the NCBA–TransAfrica partnership is positioned to support.

Beyond vehicle financing, the partnership provides customers with access to a broader suite of solutions including insurance and asset ownership support, reinforcing NCBA’s commitment to being a trusted financial partner throughout a business’s growth journey. As trade corridors expand and fleet requirements increase, the partnership is expected to help businesses invest with confidence while contributing to economic activity across Kenya and the wider region.

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