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Nairobi Business Monthly
Home»Companies»Family Bank, CFAO deliver 14 buses to Metrotrans in a Sh103 million deal
Companies

Family Bank, CFAO deliver 14 buses to Metrotrans in a Sh103 million deal

NBM CORRESPONDENTBy NBM CORRESPONDENT20th August 2024No Comments2 Mins Read
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Family Bank CEO Nancy Njau signs a KES. 103 million cheque during the handover of 14 Hino buses financed by the Bank to CFAO Mobility Kenya Group MD Arvinder Reel & Metro Trans Investment Limited Chairman Oscar Omurwa.
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Automotive distributor and service provider, CFAO Mobility has handed over a fleet of 14 Hino buses, financed by Family Bank at a value of Sh103 million, to MetroTrans Bus Company.

Hino Buses come with a spacious interior and safety, power, and fuel efficiency. The brand also delivers benchmark levels of road performance and superior comfort.

Speaking during the handover ceremony, CFAO Mobility Kenya Managing Director, Mr. Arvinder Reel emphasized their commitment to maintaining the highest technical and mechanical standards through their local assembly proposition, including the Hino buses that boast enhanced safety features.

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“We are honored to celebrate this significant investment by MetroTrans Limited and deeply appreciate your continued trust in CFAO Mobility as your preferred transport partner. With a decade-long partnership and a fleet of 37 Hino buses, we remain dedicated to providing vehicles that consistently deliver reliability and efficiency in your operations,” Mr. Reel said.

The move is part of CFAO’s long-term ambition to support Kenya’s economy through its vision and investment towards local assembly, allowing Kenyans to benefit through technical knowledge transfer and training, and create employment opportunities across its various lines of operations.

Family Bank CEO Nancy Njau, said: “As a key player in enhancing access to capital, we are always diversifying our asset financing to give our SME clients an array of options that suit their business needs.”

With the financing valued at Sh103 million, Ms Njau underscored that Family Bank is committed to supporting the SME sector and extending affordable and flexible financing terms to its customers.

On his part, MetroTrans Ltd. Director, Oscar Omurwa Rosanna extended his appreciation to CFAO Mobility Kenya for the excellent quality noting that as commuter preferences continue to evolve, so is the need for the company to up its game through availing of a newer fleet to keep up with the competition.

“With the new fleet, MetroTrans will be able to enhance its service delivery, expand its routes, and provide a safer and more comfortable experience for passengers. This partnership has and will continue to be instrumental in helping us meet the growing demand for reliable public transportation,” he noted.

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