NCBA Group has entered into a vehicle financing partnership with Transafrica Motors to provide FAW commercial vehicles to businesses across Kenya. The agreement includes up to 90% asset financing and repayment periods of up to 60 months. This deal targets small and medium-sized enterprises (SMEs), fleet operators, transporters, and corporate clients seeking to expand or upgrade their commercial fleets.
The partnership was announced in Mombasa and includes a 60-day repayment moratorium following vehicle release. This provides customers with additional breathing room before their first payment falls due. The financing package is designed to help entrepreneurs and fleet owners bring vehicles into service without straining their working capital.
The demand for commercial vehicles in Kenya has been rising, with new zero-mileage vehicle sales climbing 23% in the first half of 2026 to a record 7,819 units. Trucks, pickups, buses, and prime movers accounted for much of the growth, driven by activity in logistics, construction, agriculture, manufacturing, and trade.
Lennox Mugambi, Group Director of Asset Finance and Business Solutions at NCBA, stated that the lender is responding to the growing demand for commercial vehicles. He noted that Kenya's transport and logistics sectors are entering a new phase of growth, driven by increasing trade volumes, infrastructure development, and regional commerce.
Ali Zubedi, Managing Director of Transafrica Motors, emphasized that access to finance should not be a barrier for businesses. The deal combines FAW vehicles with Transafrica's national service and warranty network, alongside repayment structures built around how businesses actually generate income.
The agreement is also linked to growing freight activity at the Port of Mombasa, which processed a record 45.45 million tonnes of cargo in 2025, a rise of 10.9%. Transit cargo moving to Uganda, Rwanda, Burundi, and South Sudan grew 19.5% over the same period, increasing the need for commercial road fleets to carry goods into regional markets.
In addition to vehicle financing, customers under the arrangement will have access to insurance products and asset ownership support. NCBA Group currently operates more than 100 branches across Kenya, Uganda, Tanzania, Rwanda, and Côte d'Ivoire, serving a customer base of more than 60 million.
Key points
- NCBA Group and Transafrica Motors have partnered to offer financing for FAW commercial vehicles in Kenya, with up to 90% of the vehicle value available.
- The partnership targets SMEs, fleet operators, transporters, and corporate clients seeking to expand or upgrade their commercial fleets.
- The deal includes a 60-day repayment moratorium and repayment periods of up to 60 months.
