Absa Bank Kenya has entered into a strategic partnership with Transafrica Motors aimed at accelerating growth in Kenya’s transport and logistics sector through accessible and flexible vehicle financing.
The collaboration will see businesses access up to 90 per cent financing from Absa bank Kenya for the acquisition of select commercial trucks, repayable over a period of up to 72 months. The initiative is designed to help enterprises scale operations, improve efficiency, and navigate rising operational costs.
Speaking during the signing ceremony, Absa Bank Kenya Chief Executive Officer Abdi Mohamed said the partnership comes at a critical time when businesses are grappling with global market volatility and supply chain disruptions.
“Businesses today are navigating rising operating costs, global market volatility, and ongoing supply chain pressures. In this context, transport and logistics have become even more critical to business performance. Access to reliable and productive assets is no longer just about expansion, it directly impacts efficiency, speed to market, and profitability. That is why structured and flexible asset‑based financing is so important in helping businesses remain competitive, resilient, and positioned for growth.”
Absa Bank Kenya Partner With Transafrica Motors to Enhance Transport and Logistic
The partnership is expected to benefit companies seeking to upgrade or expand their fleets by reducing the burden of upfront capital expenditure while preserving working capital. Customers will also enjoy a seamless process from vehicle selection to financing and deployment through coordinated support from both institutions.
Transafrica Motors CEO Ali Zubedi noted that the deal will unlock new opportunities for businesses by improving access to reliable commercial vehicles and affordable financing options.
“This partnership with Absa Bank makes it easier for businesses to access reliable vehicles and flexible affordable financing. Together, we are helping companies scale operations, preserve capital, and drive growth in Kenya’s transport and logistics sector.” he said.
Absa Bank Kenya Business Banking Director Renato D’souza emphasized that the initiative goes beyond financing, focusing on building a comprehensive ecosystem that supports clients throughout their operational journey.
“This is about building an ecosystem that supports our customers end‑to‑end. From asset acquisition to operational efficiency, we are providing integrated solutions that empower them to move goods, create jobs, and contribute to economic growth. Our goal is to ensure clients can access vehicle financing through a simple, prompt, and tailored process.” he said.
In a related move, Absa Bank Kenya also signed an agreement with Global Motors Centre to facilitate the acquisition of Jetour personal vehicles, offering up to 100 per cent financing over a similar repayment period.
The partnerships form part of Absa’s revamped asset finance strategy, reinforcing its commitment to providing practical, customer-focused solutions that support enterprise growth and Kenya’s broader economic development.