NCBA has revamped its financing proposition for public service vehicle (PSV) operators as transport businesses across Kenya seek to expand fleets, improve operations and adapt to a changing mobility sector.
The bank announced the revamped PSV financing package during the Embu Transporters Forum held on Friday, August 14, bringing together about 180 transport entrepreneurs, PSV operators, SACCO leaders, fleet owners, motor vehicle dealers and other stakeholders.
Participants drawn from Embu and neighbouring transport corridors, including Mwea, Runyenjes, Kiritiri, Siakago, Ishiara and Kutus, attended the forum, alongside representatives from transport groups including Neno, KETTNO and EEMO Saccos.
NCBA said the new approach goes beyond vehicle loans by combining asset finance with other financial and business solutions targeting operators across the transport value chain.
Speaking during the forum, NCBA Group Director of Retail Banking Dennis Njau said transport businesses require a broader range of financial services to remain sustainable.
“Transport businesses require more than vehicle financing. They need the right financial, insurance and transactional solutions to manage their operations, expand their fleets and build sustainable businesses,” Njau said.
“At NCBA, we are focused on providing solutions that respond to the evolving needs of transport entrepreneurs while building partnerships that support long-term growth,” he added.
The bank's transport offering includes Asset Finance, Bancassurance, Transaction Banking through its Komiut payment solution, SME and working-capital solutions, Insurance Premium Financing, Vehicle Tracking Solutions and everyday banking services.
The Embu forum also featured panel discussions, customer experiences, product exhibitions and motor dealer showcases, with discussions focusing on ways transport operators can improve efficiency, modernise their fleets and respond to changes in Kenya's mobility industry.
NCBA said its approach was informed by the growing importance of the transport and storage sector to the Kenyan economy.
Data from the Kenya National Bureau of Statistics (KNBS) showed that the Transportation and Storage sector expanded by 3.7 per cent in 2025.
The bank argued that the sector's growth was creating opportunities for financial institutions to develop products tailored to the needs of transport entrepreneurs, SACCOs and fleet owners.
The forum marked the second time NCBA has held the Embu Transporters Forum, following the inaugural engagement in 2025. Unlike the previous forum, this year's event brought together a wider group of players across the transport value chain, including financial institutions, SACCOs, dealers, insurers and vehicle operators.
NCBA said stronger collaboration between these groups could help transport businesses access capital, improve operational efficiency and replace ageing vehicles.
The bank's revamped PSV financing proposition specifically targets SACCOs, fleet owners and individual operators seeking to grow their businesses.
Beyond vehicle acquisition, NCBA said it would continue providing transport businesses with banking and financial solutions covering different stages of their operations.
The bank linked the initiative to its Ubuntu philosophy, summed up by the phrase “I am because we are,” arguing that partnerships between transport operators and service providers could support longer-term growth.
For transport entrepreneurs, the key development from the forum is therefore not simply the event itself, but NCBA's renewed push to package financing, insurance, payments, working capital and fleet-management services under one transport-focused proposition.
The bank did not disclose the total value of financing available under the revamped PSV package or the number of vehicles it expects to finance.
