Browsing: Simba Corporation

  • Kenya’s Metrotrans East Africa has invested $3.3 million to acquire a fleet of buses to meet Nairobi’s growing population
  • The automobile firm said it has entered a deal with the National Bank of Kenya (NBK) and Simba Corporation to acquire the buses 
  • Simba Corporation will provide the buses to MetroTrans East Africa, while NBK, an arm of KCB Group, will offer the financial muscle

A Kenyan automobile company has invested $3.3 million to acquire a fleet of new FUSO buses to meet door-to-door transport demand in the Kenyan market.

The Exchange Africa has learnt that Metrotrans East Africa has entered into a lease partnership deal with the National Bank of Kenya (NBK) and Simba Corporation amid a continued population increase that has crippled the transport sector. Data by the company indicates that Nairobi currently has about 3 million residents and a daytime population of 4.5 million people who need to …

Diamond Trust Bank and Simba Corporation have signed a partnership to enable Small and Medium Enterprises category acquire new Fuso trucks.

The vehicles will be made available with 100 per cent financing under the bank’s motor vehicle financing scheme dubbed ‘Beba Leo’.

The SMEs will be financed to acquire FUSO trucks with a flexible repayment period that enables customers to gradually pay for them without disrupting their cash flow or working capital.

Approval from DTB

Simba Corporation is the largest and sole representative for the distribution and service for a range Fuso trucks including the new FUSO FI and the popular Fuso Canter.

Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed in a way that would allow the customer to cater to their most pressing needs without any capital outlay.

“This partnership cements our commitment to grow the SME sector.  Our decision …