Absa Bank Kenya Partners with TransAfrica to Ease Truck Financing for Logistics Firms

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 Absa Bank 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.

Absa Bank Kenya CEO, Abdi Mohamed, said that 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.

Absa Bank Kenya package will assist firms access affordable credit to expand or upgrade fleet

The partnership will benefit businesses seeking to upgrade or expand their commercial vehicle fleets by offering flexible financing from Absa Bank 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.

TransAfrica Motors CEO, Ali Zubedi, said this partnership with Absa Bank makes it easier for businesses to access reliable vehicles and flexible affordable financing.

Together, both firms 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.

Absa Bank Kenya Plc is listed on the Nairobi Securities Exchange and is one of Kenya’s leading financial institutions. The Bank has been a major player in Kenya’s financial landscape, engaged in personal and institutional banking, bancassurance and asset management.

The Bank’s regional and global footprint enables it to offer end-to-end financial solutions to retail and institutional clients. It has also been associated with several market firsts, such as the launch of the first ATM, WhatsApp banking, Sharia-compliant banking, and unsecured lending.

Absa Bank Kenya has a presence in 38 counties. It has 91 branches and service centres, 208 ATMs, +8000 agency outlets and a robust Internet and mobile banking platforms. The bank’s purpose is to empower Africa’s tomorrow, together… one story at a time.

Established  in 2005, TransAfrica Motors Limited (TAM) is a leading automotive dealer in East Africa, offering a full range of light, medium, and heavy-duty trucks from globally recognized brands such as FAW Trucks.

From its origins in Nairobi’s Industrial Area, TAM has expanded its presence across Kenya with branches in Nairobi (2), Mombasa, Kisumu, Eldoret, and Nakuru.

TAM continues to support businesses with reliable transport solutions, backed by a strong nationwide network and a commitment to service excellence.

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