By Ken Muthomi - Reporter
Kenya, 17 April 2026 - Absa Kenya has entered into a new partnership with Trans Africa Motors aimed at supporting businesses in scaling their transport, logistics, and mobility operations in the country.
The bank said that the partnership will benefit businesses seeking to upgrade or expand their commercial vehicle fleets by offering flexible financing that preserves working capital and avoids heavy upfront payments.
Customers of the bank will access tailored asset solutions to finance up to 90 percent payable over 72 months to facilitate the acquisition of select truck models.
Speaking during the signing ceremony, ABSA Bank Kenya CEO, Abdi Mohamed clarified that the agreement will enable customers to navigate 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,” Mohamed.
“That is why structured and flexible asset‑based financing is so important in helping businesses remain competitive, resilient, and positioned for growth,” he added.
Transafrica Motors CEO, Ali Zubedi, noted that the partnership will enable businesses across the country to access reliable vehicles and to scale up company financing.
Absa Bank Kenya Business Banking Director, Renato D’souza, will be fundamental in creating jobs and contributing to economic growth.
“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,” D’souza said.
In a parallel arrangement, the bank also signed a separate agreement with Global Motors Centre to facilitate financing for Jetour personal vehicles.
The arrangement will offer customers up to 100 per cent financing repayable over 72 months.
“Together, these partnerships form part of Absa’s revamped Asset Finance proposition, representing a significant step in the Bank’s commitment to supporting Kenya’s economic growth by providing practical, accessible, and customer‑focused solutions,” the statement read.
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