By 
NCBA Asset Finance, City Shuttle Partner to Expand Fleet Capacity
NCBA Group has partnered with City Shuttle Sacco to boost fleet capacity through asset financing. The deal has enabled the delivery of five Isuzu NQR buses, each with a 33-seater capacity.
The new buses will increase passenger capacity and improve service efficiency across key transport routes. City Shuttle Sacco will deploy the buses through Crown Premium Limited on routes including Mombasa Road, Jomo Kenyatta International Airport (JKIA), and Utawala.
NCBA Asset Finance, City Shuttle Partner to Expand Fleet Capacity
Flexible Financing to Support Growth
NCBA’s asset financing framework allows operators to finance up to 90% of a vehicle’s value. It also offers repayment periods of up to 60 months and a 30-day grace period.
The structure supports PSV SACCOs, transport firms, and individual members. It enables them to acquire vehicles through flexible and affordable financing.
James Karinga, Head of NCBA Asset Finance and IPF, said the bank remains committed to supporting client growth.
“We know our customers are ambitious, and as they grow their businesses, NCBA will support them in meeting both business and personal goals,” he said.
Long-Term Partnership Driving Expansion
City Shuttle Sacco Chairman Michael Kariuki highlighted the long-standing relationship between the SACCO and NCBA.
“NCBA has supported me throughout my 41-year career. Each time I presented an ambitious goal, they helped make it possible,” he said.
He added that the SACCO’s fleet has grown from 17 to 22 buses with NCBA’s support and its dealer partners.
NCBA aims to expand its footprint in the PSV segment this year by supporting key operators across the sector.
Industry analysts view asset-backed financing as a scalable growth model. Similar frameworks continue to gain traction across East Africa as operators seek efficient ways to expand capacity.
Comments