Christine Kagendo 
Absa Bank Kenya CEO Abdi Mohamed (Right) and Transafrica Motors Managing Director Ali Zubedi sign a memorandum of understanding for a strategic partnership with Transafrica Motors to support businesses in scaling their transport, logistics, and mobility operations.
- Absa Bank Kenya Partners with Transafrica Motors to Drive Growth in Transport and Logistics;
Absa Bank Kenya has entered into a strategic partnership with Transafrica Motors, one of Kenya’s leading distributors of commercial vehicles, to support businesses in scaling their transport, logistics, and mobility operations.
Through this collaboration, Absa Bank will provide customers with tailored financial solutions that make vehicle acquisition easier, more affordable, and business‑focused.
Customers will be able to access financing of up to 90% payable over 72 months to facilitate the acquisition of select truck models, enabling them to strengthen their transport and logistics capabilities.
Speaking during the signing ceremony, Absa Bank Kenya CEO, Abdi Mohamed, highlighted the importance of the partnership in the current business environment:
“Businesses today are navigating 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.
That is why structured and flexible asset‑based financing is so important in helping businesses remain competitive, resilient, and positioned for growth.”
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 will also enjoy a seamless experience from vehicle selection to financing and deployment, supported by coordinated engagement between Absa Bank and Transafrica Motors.
On his part, Transafrica Motors CEO, Ali Zubedi, noted: “This partnership with Absa Bank makes it easier for businesses to access reliable vehicles and flexible affordable financing.
Together, we are helping companies scale operations, preserve capital, and drive growth in Kenya’s transport and logistics sector.”
The Absa Bank Kenya Business Banking Director, Renato D’souza, emphasized that the partnership goes beyond financing:
“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, create jobs, and contribute to economic growth.
Our goal is to ensure clients can access vehicle financing through a simple, prompt, and tailored process.”
In addition, Absa Bank also signed an agreement with Global Motors Centre to facilitate the acquisition of Jetour personal vehicles, offering up to 100% financing payable 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.
