Kenya’s automotive sector is witnessing a major leap as NCBA Bank and Loxea Limited (CFAO) join forces to offer financing for the country’s first plug-in hybrid electric pickup, the BYD Shark 6.

The partnership allows customers to access up to 90 per cent financing, flexible repayment terms, and a 60-day grace period, making electric mobility more achievable for a wider audience.

NCBA highlighted the importance of the initiative, explaining that the collaboration is part of its broader commitment to green finance and innovative mobility solutions.

“We’ve teamed up with Loxea Limited (CFAO) to offer accessible asset financing for the groundbreaking BYD Shark 6—Kenya’s first plug-in hybrid electric pickup! Customers now enjoy up to 90 per cent financing, flexible terms, and a 60-day grace period,” the bank said.

“This partnership reinforces our commitment to sustainable financing and a greener future.”

Loxea Limited (CFAO) underlined the move as an opportunity to make advanced electric and hybrid vehicles more accessible to Kenyan drivers, signalling a new era for the country’s automotive market.

“Your dream BYD is now within reach. We are thrilled to announce our partnership with NCBA Bank Kenya, offering you up to 90 per cent financing on our full lineup of innovative electric and hybrid vehicles. Our goal is to make the future of mobility accessible to you,” the company stated.

The launch event featured prominent figures from both organisations, including Jennifer Kinyoe, Managing Director of Loxea Kenya, and Ambassador Dennis Awori, Chairman for CFAO Kenya, alongside NCBA’s Lennox Mugambi, Group Director of Asset Finance.

This collaboration signals a shift towards greener transport in Kenya, giving consumers the chance to transition to environmentally friendly vehicles without the burden of full upfront payments.

By combining accessible financing with innovative automotive technology, the partnership aims to accelerate the adoption of sustainable mobility across the country.