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Small construction businesses and contractors across Kenya can now acquire heavy machinery with as little as a 10 per cent upfront deposit.
This is after Bank of Africa (BOA) Kenya and Ganatra Plant and Equipment (GPE) signed an agreement to provide 90 per cent financing for the equipment, repayable over five years.
The deal, sealed at GPE’s head office in Nairobi this week, connects BOA’s asset finance capabilities with Ganatra’s position as the authorised seller of JCB construction equipment in Kenya and Uganda.
The new deal is designed to bring premium machinery within reach of contractors whom high upfront costs have long locked them out of business. Ganatra’s four decades of local presence give it a service network that newer entrants have struggled to match.
