- The 254 Report
- Posts
- KCB Bank and CFAO Mobility Kenya Forge Strategic Partnership to Revolutionize Vehicle Financing
KCB Bank and CFAO Mobility Kenya Forge Strategic Partnership to Revolutionize Vehicle Financing
Gerald Kombo
December 06, 2024
On December 6th, 2024, a significant milestone was achieved as KCB Bank Kenya and CFAO Mobility Kenya officially signed a Memorandum of Understanding (MOU) at CFAO Mobility’s Headquarters on Uhuru Highway, Nairobi. The partnership signals a new dawn for affordable and accessible vehicle financing solutions tailored for individuals, SMEs, and corporates.
A Vision for Affordable Mobility Solutions
The strategic collaboration between Kenya’s largest commercial bank and the country’s leading mobility solutions provider is a game-changer. Customers can now enjoy up to 100% financing on vehicles, flexible repayment terms of up to 72 months, exclusive discounts on select models, and seamless loan approvals. This partnership reflects a shared vision of removing financial barriers to vehicle ownership while meeting the evolving needs of the Kenyan market.
Mr. John Okulo, Director of Corporate Banking at KCB Bank, highlighted the significance of the partnership:
We are excited with this new partnership as it reaffirms our commitment to offer a strong asset finance value proposition to our customers. Given the current economic challenges, this collaboration will make vehicle ownership more convenient and affordable for all.
“This partnership underscores our commitment to empowering Kenyans with access to high-quality, reliable vehicles at affordable terms. It is a testament to our vision to remain the preferred partner for mobility solutions in the region.”
A Celebration of Partnership
At CFAO Mobility, we say this is the place where customers love to visit and people love to work. Today’s partnership affirms our dedication to delivering unparalleled value to our customers.
This partnership is a pledge to empower Kenyans. With KCB Bank’s extensive financial expertise and CFAO Mobility’s wide range of vehicles and after-sales services, customers can look forward to reliable, flexible, and customer-focused solutions.
About KCB Bank and CFAO Mobility
KCB Bank, with over 200 branches and a reputation for financial innovation, brings its robust banking network to the partnership. Meanwhile, CFAO Mobility continues to lead the market with its diverse vehicle offerings, including brands like Toyota, Volkswagen, and Yamaha. Together, they aim to transform vehicle ownership in Kenya.
Looking Ahead
The KCB-CFAO partnership exemplifies how strategic alliances can create solutions that address real customer needs. This collaboration is poised to have a lasting impact on mobility, enabling individuals and businesses to achieve their goals with ease.