NCBA Asset Finance and City Shuttle Partner to Boost Fleet Capacity

City Shuttle Sacco has received five Isuzu NQR buses, each with 33 seats, financed by NCBA Asset Finance. This will increase passenger capacity and improve service efficiency across key transport corridors.

The buses will be deployed by Crown Premium Limited, operating under City Shuttle Sacco, on separate routes, including Mombasa Road, JKIA, and Utawala.

“We know our customers are ambitious, and as they grow their businesses, NCBA promises to be right there to support them in meeting their business and personal needs.” stated James Karinga, Head of NCBA Asset Finance and IPF. “We also want to be the partner that banks on the belief of our clients and provides the support to empower their ambitions.”

The NCBA Asset financing framework agreement allows operators to finance up to 90% of the vehicle’s value, offering a repayment period of up to 60 months (5 years) and a 30-day grace period. This enables PSV SACCOs, established transport firms, and individual SACCO members to acquire vehicles through affordable, inclusive, and flexible financial options.

Speaking at the launch, the Chairman of City Shuttle SACCO lauded the long-term partnership between the Sacco and NCBA, which enabled the acquisition of a new fleet of buses.

“NCBA has supported me at every stage of my 41-year career journey. Each time I walked in with an ambitious goal, they found a way to make it possible,” said Michael Kariuki. “City Shuttle SACCOs’ bus fleet has grown from 17 to 22 buses with NCBA’s support and their trusted dealer partners; they’ve truly walked this growth journey with us”.

James Karinga, NCBA’s Head of Asset Finance, affirmed that the bank is dedicated to expanding its presence in the PSV segment this year by supporting key operators.

Industry analysts see the leasing framework as a scalable growth mechanism, with comparable asset-backed financing models gaining popularity in other East African markets in deploying capital for the PSV sector.