Over 100 private school owners, as well as education stakeholders, were handed over sustainable growth models and digital banking tools through a new initiative led by NCBA in collaboration with Water.org.
The capacity building was centred on financial sustainability in schools, school implementation of renewable energy, Water, Sanitation and Hygiene (WASH) interventions, green financing, digital banking solutions, asset finance and business insurance.
Academia is receiving a very significant boost from the government, which continues to assign education a very high priority. Hence, KES 707.2 billion was allocated to the sector in the 2025/2026 national budget Besides nurturing future leaders, schools are still among the major economic contributors as they generate employment opportunities, support local entrepreneurs and promote the community’s development through various projects.
NCBA made it very clear what they had in store for the school owners in terms of digital innovation by presenting them with the likes of Soma Plus, NCBA Tills, and Connect Plus, all geared to facilitating schools’ daily tasks, customer satisfaction, and overall productivity.
The event also emphasised the use of bancassurance as one of the many forms of risk management to provide comfort to consumers against the occurrence of unfortunate events.
While delivering the keynote speech, NCBA Director Commercial and SME banking, Robert Kiboti pointed out the dedication of NCBA towards facilitating the education sector to flourish
“Schools are the basis of how Kenya will have continuous economic growth. It is through giving them the proper financing models that we can permit them to become more sustainable, more efficient, and ready for the future,” said Kiboti.
The school principals were also informed about courses in risk management they could avail through the usage of Bancassurance adoption, thus protecting themselves from unplanned contingencies and ensuring the long-term safety of their organisations.
“Running a school takes not only enthusiasm but the necessity of knowing. I am glad to see banking institutions like NCBA rising to this challenge by introducing us to the right resources and offering practical training which we can use for the efficient running of our institutions,” said a participating school owner.
“As school owners from Naivasha, this forum has immensely been of great benefit to us. We got to understand and apply financial and risk management solutions and embraced the idea of NCBA as a strategic partner for the sustainable growth of our institutions.
A few top-line words were; sustainable financing for Water and Sanitation solutions, Digital Cash Management Solutions that help speed and simplify fee collections & payments, Asset Financing for the various infrastructural needs at schools and wealth protection solutions under the bancassinare help have positioned the Bank as the cleanest one-stop-shop for our umbrella of schools- the Association’s preferred financial services provider.
We look forward to having further engagements with NCBA in the near future.” Harun Muigai, Chairman, Association of Private Primary Schools, Naivasha Subcounty, said.
This new commitment reaffirms the larger endeavor NCBA has made to support sustainable finance schematics, champion digital transformation efforts and empower small and medium-sized enterprises (SMEs) across key sectors in the Kenyan economy.