NCBA and Mobikey Partner to Expand Asset Financing for Key Sectors
Businesses can now access up to 100% financing for new and used MAN trucks, buses, Randon trailers, and Hyundai construction equipment.
This follows a strategic partnership between NCBA Bank and Mobikey Truck & Bus Ltd, aimed at easing asset acquisition for businesses in logistics, construction, transport, agriculture, and SMEs.
NCBA, a leading bank in asset financing, will offer loans with flexible repayment terms, including a 60-day moratorium and bundled insurance options. New assets can be financed up to 100%, while used assets will receive financing of up to 80%.
Boosting Growth Amid Economic Pressure
The partnership comes at a time when sectors like construction and land transport are facing a downturn.
According to the 2025 Economic Survey by KNBS, construction’s contribution to GDP declined from 7.1% in 2020 to 6.3% in 2024. Similarly, land transport dropped from 11.4% in 2022 to 10.8% in 2024.
This decline is worsened by liquidity challenges. The 2024 Auditor General’s Report reveals that the construction industry holds over 51% of all government pending bills.
These delays discourage contractors and investors from acquiring machinery, hurting productivity and sector recovery.
Lennox Mugambi, NCBA Group Director of Asset Finance and Business Solutions, stated, “This partnership allows us to offer an unrivalled range of asset financing options. Our goal is to support businesses in expanding their operations as they pursue their financial ambitions.”
NCBA and Mobikey Partner to Expand Asset Financing for Key Sectors
Empowering SMEs, Education, and Agriculture
The agreement is expected to benefit both small and large commercial enterprises. By removing financing barriers, more businesses can invest in essential equipment that improves efficiency and scales operations.
Mr. Mugambi added, “With Mobikey, we’re providing accessible and flexible asset financing. This empowers contractors and logistics providers to acquire the tools they need to grow, despite the current capital constraints.”
Beyond transport and construction, the impact extends to other sectors. In agriculture, better access to equipment supports mechanization, improves rural infrastructure, and boosts supply chain efficiency.
In education, MAN buses will help schools enhance student mobility, reach more communities, and improve learning outcomes.
Expanding Access to Movable Assets
Mobikey CEO Ricardo Teixeira praised the partnership, calling it a powerful step toward enterprise empowerment. “We’re excited to work with NCBA to deliver our products more widely. Their trusted market presence aligns with our mission to enable business success,” he said.
He added that combining Mobikey’s asset expertise with NCBA’s financial solutions would help businesses overcome capital hurdles. “Together, we aim to create real impact in Kenya’s economy through increased productivity and easier access to essential machinery,” Teixeira concluded.
Finally, as more enterprises look to grow without the heavy burden of upfront costs, asset financing continues to gain momentum in Kenya.
https://africabusinessnews.co.ke/ncba-zetu-innovations-launch-nyumba-zetu-to-simplify-property-management/
