Absa Bank Kenya has launched a revamped asset financing proposition, committing KES 100 billion over the next three years to support businesses and individuals across key sectors of the economy.
The enhanced offering targets critical industries including manufacturing, trade and logistics, infrastructure, health, and education, in a move aimed at improving access to productive assets and accelerating economic growth.
Faster, Simpler Financing Model
At the core of the new proposition is a streamlined financing model designed to enhance speed, simplicity, and predictability. The bank has reduced onboarding-to-approval timelines from 10 days to just 48 hours, while approval-to-disbursement will now take 72 hours.
Additionally, pre-approval steps have been cut from 13 to six, significantly improving efficiency and creating a smoother customer journey. The revised financing structures are aligned with sector-specific cash flow dynamics, allowing customers to move from decision to deployment more seamlessly.
Flexible Terms and Expanded Access
Under the revamped programme, customers can access up to 100 per cent financing with extended loan tenors of up to 84 months for selected asset classes—among the longest in the market.
Eligible assets include school buses, new and imported vehicles, medical equipment, agricultural machinery, and solar solutions, reflecting the bank’s focus on enabling productivity and sustainability.
Leadership on Driving Economic Impact
Speaking during the launch in Nairobi, Managing Director and CEO Abdi Mohamed said the initiative is designed to translate financing into tangible economic outcomes.
He noted that by ensuring capital flows efficiently into productive sectors, businesses and individuals will be better positioned to invest, expand capacity, and compete effectively in a rapidly evolving economy.
Dedicated Asset Financing Centre
To strengthen execution, the bank has established a dedicated Asset Financing Centre, bringing together specialised expertise, sector-aligned credit assessment, and coordinated execution teams. The centre is expected to enhance relationship management and improve service delivery at scale.
Business Banking Director Renato D’souza said the revamped proposition, dubbed ABF 2.0, reflects direct feedback from customers and partners, focusing on practical solutions that simplify asset acquisition.
Strategic Partnerships and Customer-Centric Approach
The initiative is supported by a growing network of local and international asset partners, ensuring financing is closely aligned with acquisition journeys across sectors such as transport, agribusiness, manufacturing, healthcare, construction, and renewable energy.
The revamped offering underscores Absa’s broader strategy to deliver customer-centric financial solutions that match the pace of decision-making in Kenya’s increasingly asset-driven economy.