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Family Bank Hands Over Buses Worth Ksh103M to Local Company

Edwin HindabyEdwin Hinda
August 19, 2024
Reading Time: 4 mins read
D.t. Dobie Faces Liquidation After Merger With Cfao Motors

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. PHOTO/ Family Bank.

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Kenya’s largest automotive distributor and service provider CFAO Mobility, has handed over a fleet of 14 Hino buses, financed by Family Bank at a value of Ksh103 million, to MetroTrans Bus Company, underscoring its commitment to safety, comfort, and security of passengers.

Hino Buses, one of the most trusted brands in the market, comes with a spacious interior and world-leading safety, power, and fuel efficiency. They deliver benchmark levels of road performance and superior comfort.

Speaking during the handover ceremony, CFAO Mobility Kenya Managing Director, 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.

“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,” Reel stated.

Buses Donated By Cfao Mobility And Family Bank To Cfao Mobility. Photo/Family Bank.
Buses donated by CFAO Mobility and Family Bank to CFAO Mobility. PHOTO/Family Bank.

Reel explained that the public transport sector is an important sector of the economy and a common accelerator for development.

He stated that the sector has become crucial especially in the current global economy where the economic opportunities are increasingly related to the movement of people, goods and services.

The move is part of CFAO Mobility’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.


Also Read: Family Bank Secures Ksh.800M Loan Boost


Family Bank CEO Explains Commitment to Customers

Also, Family Bank CEO Nancy Njau underscored that the Bank is committed to supporting the SME sector and extending affordable and flexible financing terms to its customers.

“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 strategic partners such as CFAO Mobility, we are mutually leveraging and providing opportunities for growth to our customers like Metro Trans,” she said.


Also Read: Inside Family Bank Partnership with Military Wives to Aid KDF Dependents


How Partnership Will Help MetroTrans Ltd

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,” he noted.

“This partnership has and will continue to be instrumental in helping us meet the growing demand for reliable public transportation.”

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Metro Trans Investment Director Judy Omurwa &Amp; Cfao Mobility Kenya Group Md Arvinder Reel Receive A Cheque From Family Bank Ceo Nancy Njau During The Handover Of 14 Hino Buses Acquired Through A Financing Of Kes. 103 Million From The Bank. Photo/ Family Bank.
Metro Trans Investment Director Judy Omurwa & CFAO Mobility Kenya Group MD Arvinder Reel receive a cheque from Family Bank CEO Nancy Njau during the handover of 14 Hino buses acquired through a financing of KES. 103 million from the Bank. PHOTO/ Family Bank.

Tags: CFAO MobilityFamily BankMetroTrans Ltd
Edwin Hinda

Edwin Hinda

Edwin Hinda is a versatile and creative journalist with a keen interest in politics, sports, education, international affairs, entertainment, and soft content. With a degree in Communication and Media Technology (Print Option) with IT from Maseno University, Edwin brings a well-rounded academic background to his work. He excels in conducting thorough interviews and in-depth research, ensuring that his stories are both informative and engaging.

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