Christine Kagendo 
Absa Bank Kenya CEO Abdi Mohamed (2nd from Left), Business Banking Director Renato D’souza (1st right), Avenue Leasing CEO Raj Shah, Hello Tractor Customer Esther Musyoki and Isuzu EA Director Regional Sales Kevin Ochieng during the unveiling of the revamped asset financing proposition aimed at deploying KES 100 billion access to productive assets and support growth across key sectors of the Kenyan economy
Absa Bank Kenya has unveiled a revamped asset financing proposition aimed at deploying KES 100 billion over the next three years to businesses and individuals.
The enhanced offering is designed to improve access to productive assets and support growth across key sectors of the Kenyan economy, including manufacturing, trade and logistics, infrastructure, as well as health and education.
A key feature of the revamped proposition is the introduction of revised, market-aligned parameters that significantly enhance speed, simplicity, and predictability.
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.
Customers will benefit from markedly improved processing timelines.Onboarding-to-approval time has been reduced from 10 days to 48 hours, while approval-to-disbursement is now completed within 72 hours.
Additionally, the number of pre-approval steps has been cut from 13 to six, delivering a more efficient and streamlined customer journey.
Under the new offering, loan tenors have been extended to up to 84 months for select asset classes, among the longest in the market, with financing of up to 100%.
Targeted asset categories include school buses, new and imported personal vehicles (including grey market vehicles), medical equipment for hospitals, clinics and laboratories, agricultural machinery, and solar equipment, among others.
The revamped offering reflects a deliberate shift in how Absa enables growth for both businesses and individuals, in response to rising demand for faster, more transparent, and customer-centric financing solutions as Kenya’s economy becomes increasingly asset-driven.
Speaking at the launch event in Nairobi, Abdi Mohamed, Managing Director and CEO of Absa Bank Kenya, said: “This refreshed offering reflects our commitment to supporting productive enterprise across Kenya’s key value chains.
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.
This is how we translate financing into real and measurable economic impact, and how we live our purpose of empowering Africa’s tomorrow.”
To support a consistently high-quality and customer-centric experience, Absa has also invested in a dedicated Asset Financing Centre.
This centre brings together specialist asset financing expertise, sector-aligned credit assessment, and coordinated execution teams.
It enhances relationship management, provides clearer guidance to customers and partners, and strengthens Absa’s ability to deliver asset financing reliably and at scale.
Speaking at the same event,Business Banking Director Renato D’souza noted that the revamped proposition, dubbed ABF 2.0, is firmly grounded in execution:
“ABF 2.0 is a direct response to what our customers and partners have told us they need.By simplifying processes, strengthening our parameters, and investing in specialist capability,we are making asset acquisition easier to navigate and faster to execute across key value chains.
It is a practical demonstration of our ‘We Get It’ mindset.”
ABF 2.0 is further supported by a growing network of local and international asset partners, enabling financing to be closely aligned with acquisition journeys across multiple asset classes.
These include vehicles, agribusiness equipment, manufacturing machinery, medical and construction equipment, solar solutions, and other essential business assets.
The revamped proposition is underpinned by Absa’s customer promise, reflecting a deeper understanding of how businesses operate, the pressures they face, and the need for financing solutions that move at the pace of decision-making.
