Press releases

    President Uhuru Kenyatta has flagged off the third batch of vehicles which have been part of the vehicles acquired through government's leasing programme. The event that took place at Uhuru Park, saw over 500 police vehicles distributed to various police departments. Some of the vehicles have been leased through Vehicle and Equipment Leasing Limited (VAELL), the leasing market leader in Eastern and Central Africa.Since 2013, the government has leased 2,720 police vehicles in a move aimed at cutting costs and

    East Africa’s Leasing Market leader, Vehicle and Equipment Leasing Limited (VAELL) has leased 43 Ford Rangers units to Airtel Uganda. The lease arrangement is a reflection of a strategy that focuses on growing the voice mass market offering and solidifying the business’ mobile and corporate data position in the market and the overall growth of Airtel market scope.  The lease will run for a period of 48 months.Speaking while receiving the last batch of the 43 Ford Rangers double cabin

    For many years, farmers in East Africa have had a hard time accessing farm machinery to work on their farms due to financial and credit limitations. As a result, most farmers are unable to purchase or maintain farm equipment due to the high costs involved. This in turn hinders farmer’s capacity to fully maximize on their farm’s output. In addition, equipment owners lose revenue as their farm equipment are only needed at a certain time of the year, rendering the

    Vehicle and Equipment Leasing Ltd (VAELL) is seeking to raise $50 million in debt and equity funding to offshoot the growth of medium enterprises across Africa. East Africa’s economy has been heating up the global statistics with most economies growing at 4% and above. Kenya’s economy according to the latest world bank numbers is expected to grow at 5% in 2016. This growth is mainly being driven by medium businesses filling in the gap left by larger corporates and niche

    Vehicle and Equipment Leasing Limited (VAELL), leasing market leader in the region, was ranked among the front-runners of Top 100 Mid-Sized companies in Tanzania. This survey conducted by KPMG and Mwananchi Communications Ltd in association with Tanzania National Bank of Commerce involved around 200 companies operating in Tanzania with TZS 1 billion to TZS 20 billion turnover. This survey recognizes the fastest growing Top 100 medium sized companies in Tanzania in terms of business excellence, annual turnover, and innovation in

    Vehicle and Equipment Leasing Ltd (Vaell) has announced Kes. 960 million Deal with PTA Bank. The PTA BANK, East and Southern Africa Trade and Development Bank has given VAELL US$ 9,500,000 to aid her in asset acquisition. The funds will finance heavy Komatsu equipment that will be instrumental in spearheading the development in the mining sector within the East African region. This partnership is seen as a boost economic development in the region as PTA bank and VAELL, a Kenyan

    Vivo Energy, the Shell licensee in 16 countries in Africa, has expanded its leased fleet by another 8 units to further expand its fleet across the continent. This acquisition is expected to boost value creation and the overall growth of its business with less stress on fleet maintenance and brings its regional leased fleet over 50 units.Speaking while receiving the units, Milkah Kahumbura, Vivo Energy’s Procurement Manager said, “Vivo adopted leasing as its business strategy in a bid to meet its

    Vehicle and Equipment Leasing Limited (Vaell) has launched Healthcare Equipment Leasing Limited (Heall), a leasing solution targeting private hospitals and clinics as well as mid-level government facilities.The solution is expected to lower the costs of medical equipment.“It costs Sh9,000 for dialysis in a public hospital like Kenyatta National Hospital and between Sh9,000 and 15,000 in private hospitals. We lease out dialysis machines under Heall for Sh110,000 a month.“Most hospitals can afford to pay for it in two days from their

    Vehicle and Equipment Leasing Limited (Vaell) has signed a partnership with Car & General that will allow it to lease cars to individuals and small and medium sized entities.This is the first time Vaell has opened its leasing services to individuals and small businesses.Since its establishment over a decade ago, the firm has only been leasing its cars and equipment to companies and government entities.According to Vaell, the numerous customer demands for such a leasing model is what has made

    Vehicle and Equipment Leasing Ltd (Vaell) has announced Sh1 billion lease partnership with Co-operative Bank of Kenya. The funds will be utilized to service the Government Police Vehicle Leasing Project, through a financing arrangement known as "Wholesale Leasing".The product allows equipment dealers to negotiate lease deals for their clients through an independent leasing firm who tie up a tripartite arrangement between the dealer, client and bank financing partner(s).In Wholesale Lease agreements, the suppliers and dealers get the full value of

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