Alice Mwaniki, Head of Personal Banking at Stanbic Bank Kenya (L), alongside Daniel Maundu, General Manager, National Sales at CFAO Mobility Kenya. Photo/courtesy.
CFAO Mobility Kenya and Stanbic Bank have renewed their vehicle financing partnership aimed at improving access to car ownership for Kenyan consumers and businesses.
Under the renewed agreement, customers will access financing of up to 100 percent for personal vehicles and 90 percent for commercial vehicles. The package also includes zero processing fees and repayment periods of up to 96 months for salaried customers and 72 months for business clients across all models in CFAO Mobility’s portfolio.
Daniel Maundu, General Manager for Toyota National Sales at CFAO Mobility Kenya, said the partnership is intended to address financing barriers that prevent many customers from owning vehicles.
“At CFAO Mobility, we believe car ownership starts with access. Many customers are ready to own vehicles but face financial constraints. This partnership helps bridge that gap and supports customers in turning their aspirations into ownership,” he said.
The partnership combines CFAO Mobility’s automotive business with Stanbic Bank’s asset financing solutions. The two firms say the collaboration will support customers throughout the vehicle ownership journey, including purchase, servicing, maintenance and upgrades.
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Kimani Njagi, Head of Vehicle and Asset Financing at Stanbic Bank Kenya, said the agreement reflects a joint effort to offer practical financing solutions for individuals and businesses.
“Through this partnership, we are combining CFAO’s mobility solutions with Stanbic’s asset financing expertise to provide seamless vehicle financing,” he said.
The announcement was made during the 2026 edition of “Beauty Meets the Bonnet”, a women-focused automotive event organised by CFAO Mobility Kenya to promote financial literacy and vehicle ownership among women.
The event featured vehicle test drives and practical training sessions on vehicle maintenance, including tyre changing and identifying genuine spare parts.
According to CFAO Mobility Kenya, the platform has attracted more than 800 registered members since its launch and continues to focus on financial empowerment, after-sales support and vehicle upgrade pathways.
