CFAO And Almasi in Deal to Finance Commercial Vehicles
CFAO Mobility Kenya and Almasi Financial Services Limited have partnered to offer customers 90 percent financing for commercial vehicle purchases, payable over 60 months at convenient rates.
The strategic agreement is expected to boost the transport and logistics sector by providing entrepreneurs with affordable access to heavy commercial trucks, through a Sharia-compliant finance partner.
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The financing package will cover a range of robust vehicle models including Mercedes-Benz Trucks & Buses, Hino, and Sinotruk.
Speaking during the signing of the partnership, Joshua Anya, CFAO Mobility Kenya Deputy Managing Director, said that as one of the leading providers of mobility solutions in the country, CFAO Mobility has a key role to play in creating the necessary enablers that will result in ease of access to various motor vehicle brands across the country.
“Through this arrangement, our customers will not only enjoy a convenient payment plan but also a simplified, convenient path to acquiring critical business assets, with a Sharia-compliant financing partner. This is an empowering offer that speaks directly to the entrepreneurial spirit driving our economy forward,” Anya noted.
Mr. Ismail Soliman, Almasi Financial Services Limited Chief Executive Officer, noted that the partnership is structured to deliver tangible value to customers by making asset acquisition more accessible and sustainable.
“This new cooperation marks a significant step toward serving customers in Kenya who may not have access to conventional sources of funds, while allowing us to reach untapped segments of the Kenyan market,” he said.
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He said that their facilities will be competitively priced compared to existing alternatives and can be tailored to suit the unique nature and cash flow realities of each business.
“We are proud to partner with CFAO, an organization with a strong footprint across the continent and a shared commitment to inclusive growth.Together, we are confident in our ability to help market players access the funding they need to grow and thrive,” he added.
