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NCBA, TransAfrica Motors Launch Vehicle Financing as Fleet Demand Grows
The partnership will help businesses acquire FAW commercial vehicles while preserving working capital.
Businesses in Kenya’s transport and logistics sector are looking for ways to expand their fleets without putting pressure on cash flow.
NCBA Group and TransAfrica Motors Limited have partnered to finance FAW commercial vehicles. The solution brings financing closer to customers during the vehicle purchase process.
The partnership was announced in Mombasa, a key gateway for regional trade. Rising cargo volumes through the Port of Mombasa continue to drive demand for commercial transport across East Africa.
Financing Fleet Expansion
The partnership combines TransAfrica Motors’ FAW commercial vehicles with NCBA’s asset financing solutions.
The arrangement will support businesses in transport, logistics, construction, agriculture and trade.
Lennox Mugambi, Group Director for Asset Finance and Business Solutions at NCBA, said the partnership responds to changing business needs.
“Kenya’s transport and logistics sectors are entering a new phase of growth, driven by increasing trade volumes, infrastructure development and regional commerce,” he said.
“Businesses need financing solutions that move at the same pace as opportunity.”
The financing will help entrepreneurs and fleet owners acquire vehicles while preserving working capital.
Commercial Vehicle Demand Rises
The partnership comes as demand for commercial vehicles continues to grow.
New zero-mileage vehicle sales rose by 23% in the first half of 2026. Sales reached a record 7,819 units during the period.
Trucks, pickups, buses and prime movers led the growth. These vehicles support key sectors such as logistics, construction, agriculture and manufacturing.
Mombasa’s growing cargo volumes also continue to support demand for reliable commercial fleets.
The Port of Mombasa handled a record 45.45 million tonnes of cargo in 2025. This represented a 10.9% increase.
Transit cargo to Uganda, Rwanda, Burundi and South Sudan also grew by 19.5%.
NCBA, TransAfrica Motors Launch Vehicle Financing as Fleet Demand Grows
Helping Businesses Protect Cash Flow
For many businesses, buying commercial vehicles requires significant upfront capital.
Ali Zubedi, Managing Director of TransAfrica Motors, said financing should not prevent businesses from expanding.
“Financing should never be the barrier that keeps a customer from taking the next step,” he said.
He added that the partnership combines FAW vehicles with TransAfrica’s nationwide service and warranty support.
The financing also gives customers a way to acquire vehicles without tying up large amounts of working capital.
Supporting Growth Beyond the Vehicle
The partnership will also give customers access to insurance and asset ownership support.
This approach links vehicle financing with other services that businesses need throughout the ownership journey.
NCBA continues to offer asset finance and insurance-related solutions for customers seeking to acquire and protect business assets.
TransAfrica Motors, meanwhile, operates branches in Nairobi, Mombasa, Kisumu, Nakuru and Eldoret. The company supplies FAW trucks, including prime movers, tippers and other commercial vehicles.
As regional trade grows, businesses will need reliable transport capacity to move goods across Kenya and beyond.
The NCBA and TransAfrica partnership provides one financing route for businesses looking to expand their commercial fleets while managing their cash flow.
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