- Electric van financing in Kenya will support 1,000 vehicles.
- NCBA expands its growing e-mobility financing commitment.
BasiGo and NCBA Group Target 1,000 Electric Vehicles
On August 26, BasiGo and NCBA Group announced a partnership to scale electric van financing in Kenya for public transport operators. Through the partnership, the companies will finance 1,000 electric vehicles, supporting the expansion of electric mobility within Kenya’s public transportation sector. The agreement builds on NCBA’s growing commitment to e-mobility financing and reflects the bank’s broader efforts to increase access to financing for electric vehicle assets. Through its KES 2 billion e-mobility financing facility, NCBA has invested more than KES 0.8 billion to date in electric vehicle assets in Kenya. NCBA Bank is a leading financial institution in East Africa.
Frequently Asked Questions
What is the BasiGo and NCBA Group partnership?
The partnership is designed to expand financing for electric vans used by public transport operators in Kenya. BasiGo and NCBA Group will finance 1,000 electric vehicles as part of the agreement. The initiative builds on NCBA’s established e-mobility financing activity through its KES 2 billion facility. The bank has invested more than KES 0.8 billion in electric vehicle assets in Kenya to date, demonstrating its growing commitment to financing electric mobility and supporting the adoption of electric vehicles within the country’s public transportation sector.
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