The leasing market shows substantial expansion in the fourth quarter of 2024 (Q4) thanks to increased demand from businesses and customers seeking cost-effective fleet management solutions, Kenyan vehicle leasing and fleet management company, Loxea, said Wednesday, September 11.
Positioning itself for further growth in the final quarter of 2024, the company, since its inception in 2009, remains bullish about the long-term outlook for vehicle leasing in Kenya.
“We have grown exponentially since 2009 by delivering tailor-made leasing solutions that meet the demands of businesses in Kenya’s vibrant economic landscape, and we are determined to capitalize on the momentum,” Loxea managing director Jennifer Kinyoe, said.
Ms Kinyoe projected that the sector will witness an upsurge as companies across industries prioritize flexible vehicle leasing models to streamline operations, reduce costs, and improve fleet efficiency.
“As we enter Q4 2024, we are excited about the opportunities to diversify our offerings. The dynamic nature of the vehicle leasing segment allows us to explore new products that cater to evolving client needs. Our goal is to remain agile, responsive, and focused on enhancing the value we bring to our clients.”
