By Ken Muthomi - Reporter
Kenya, May 05, 2026 - Absa Kenya has committed Ksh100 billion over the next three years under its revamped asset financing programme, in a bid to accelerate economic growth across key sectors of the country.
In a statement, the bank said that the new proposition is set to support businesses that are acquiring assets for sectors including manufacturing, trade and logistics, infrastructure, as well as health and education.
Under the new framework, the bank has noted that customers are set to benefit from reduced processing timelines.
For instance, the bank has indicated that onboarding-to-approval time has been reduced from 10 days to 48 hours, while approval-to-disbursement is now completed within 72 hours. Furthermore, the number of re-approval steps has been cut from 13 to six.
Under the new offering, loan tenors have also been extended to 84 months for selected asset classes, while financing of up to 100 percent will be available for targeted assets, which include school buses, new and imported personal vehicles, medical equipment, and agricultural machinery, among others.
“A key feature of the revamped proposition is the introduction of revised, market-aligned parameters that significantly enhance speed, simplicity, and predictability,” Absa stated.
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“ Financing structures have been refined to better reflect actual asset use and sector-specific cash flow dynamics, enabling customers to move from decision to deployment with fewer handoffs and greater clarity,” it added.
To boost collaboration between customers and partners, the Bank has also established an Asset Financing Centre which will bring together asset financing expertise, improved credit assessment, and execution teams.
Speaking during the launch in Nairobi, Absa Bank Kenya Managing Director and CEO Abdi Mohamed said the revamped offering is set to increase investment in key sectors across the country and the seamless flow of capital.
“By ensuring capital moves more efficiently to where it is most productive, and by strengthening the capabilities that support our customers end to end, we are enabling individuals and businesses to invest, expand capacity, and compete with greater certainty,” Mohamed said.
On his part, Absa Bank Kenya Business Banking Director Renato D’souza revealed that the upgraded platform, ABF 2.0, was built in response to customer feedback and the increasing need to simplify processes.