NCBA Bank Group has partnered with TransAfrica Motors Limited to make it easier for businesses to acquire FAW commercial vehicles as demand for transport and logistics fleets continues to grow.
The partnership, announced in Mombasa on September 24, will provide embedded financing to customers at the point of vehicle purchase. The move comes as cargo volumes through the Port of Mombasa increase, creating greater demand for commercial vehicles to support trade across Kenya and the wider East African region.
Under the agreement, eligible small and medium-sized enterprises, fleet owners, transporters and corporates can access financing of up to 90 per cent of a vehicle’s value. Customers will have repayment periods of up to 60 months, together with a 60-day repayment moratorium after the vehicle is released.
The arrangement is designed to give businesses time to put newly acquired vehicles into operation and start generating income before beginning repayments.
Demand for commercial vehicles has been rising across key sectors of the economy. New zero-mileage vehicle sales increased by 23 per cent in the first half of 2026, reaching a record 7,819 units. Trucks, pickups, buses and prime movers accounted for much of the demand, serving industries such as logistics, construction, agriculture, manufacturing and trade.
NCBA Group Director for Asset Finance and Business Solutions Lennox Mugambi said the partnership will bring financing closer to customers while supporting businesses that depend on reliable transport. He said companies in transport, logistics, construction and agriculture play a major role in economic activity;
“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.”
TransAfrica Motors Managing Director Ali Zubedi said financing should not prevent businesses from expanding their fleets. “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 Zubedi
The partnership supports business growth, fleet expansion and economic development across key sectors including transport, logistics, construction and agriculture.
The cargo activity at the Port of Mombasa continues to rise. The port handled a record 45.45 million tones of cargo in 2025, an increase of 10.9 per cent. Transit cargo destined for landlocked countries, including Uganda, Rwanda, Burundi and South Sudan, grew by 19.5 per cent.
Besides vehicle financing, customers will be able to access additional services, including insurance and asset ownership support. The partnership is expected to help businesses expand their fleets while supporting transport, logistics, construction and agriculture across Kenya and the wider region.