NIC leasing arm lands a new deal with AA Kenya

Automobile Association of Kenya (AA) President Jinaro Kibet and NIC leasing General Manager Robert Marete during the flag off of the new vehicles leased from NIC Bank on 2nd May 2018 at AA offices, Imara Daima.

Automobile Association of Kenya (AA Kenya), one of the largest motoring organization in East and Central Africa has leased a new fleet of vehicles from NIC leasing LLP to add to their existing fleet of vehicles.

The firm says this is part of their 5-year strategic plan to enhance their value proposition for their members and customers.
This arrangement will enable AA Kenya to provide efficient customer service as it leverages on NIC Leasing’s convenient product offering and after sales service.
“As AA Kenya turns 100 years in the new few months, the addition to the fleet of vehicles through this partnership with NIC Leasing LLP will enable us to meet the demands for both learner driver education, defensive driver training and refresher courses,” AA Kenya President, Jinaro Kibet Said.
Companies in Kenya are now turning to leasing as a new cost cutting measure. The government of Kenya has also been experimenting with this model of acquiring assets, which allows it to gain usage of machines and motor vehicles without necessarily having to buy them.
The shift has seen several companies position themselves to tap into the leasing business.
NIC Bank Executive Director Alan Dodd, said: “As NIC Group we are committed to offering financial solutions that deliver competitive advantage, and allow our partner, such as AA Kenya to have financial agility in this competitive environment.”
AA Kenya’s mission is to make the motoring space in the country safe for the public at large. This is achieved through various services including, but not limited to, driver training, road rescue services, issuing of international driving permits, car passport (Carnet de passage) services, motor vehicle inspection/ valuation and insurance services amongst others.
“NIC leasing LLP subsidiary was launched in 2015, and since inception has seen good growth as more companies move towards leasing vehicles and other movable equipment. Our leasing product is built on our years of experience in asset management,” Mr.Dodd added.
NIC Bank has a heritage of close to 60 years’ experience in Asset Finance giving it the experience, expertise and network offering to deliver value adding solutions to a wide range of customers in various sectors with financing solutions for motor vehicles for commercial and executive use, plant and machinery, medical and IT products as well as furniture and fittings for offices and schools.

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