Press releases

    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

    South Korean automaker Hyundai Motors has partnered with a Kenyan leasing company—Vehicle and Equipment Leasing Limited (Vaell)— as it seeks to grow sales in East Africa and tap into the sector that is seen as the new revenue stream.Hyundai Motors East Africa, a five months old subsidiary company, announced the deal as it marked the sale of its 70th unit since starting operations in Kenya.“Our study of emerging trends in the East Africa auto market found that leasing is the

    Telkom Kenya has signed a KSh 115 million three-year contract to lease from local vehicle and equipment leasing firm Vaell.Under the agreement, Vaell will supply Telkom Kenya with 20 vehicles (Ford double cabins) each year within the lease period.Telkom Kenya joins the government and companies such as Coca-Cola and ARM Cement that have adopted the policy of leasing vehicles.Leasing allows a client to use a vehicle for a fixed period of time while paying monthly fees as the dealer takes care

    NIC Capital, the investment banking subsidiary of the NIC Bank Group, has been mandated as the Lead Arranger to help leasing firm Vehicle and Equipment Leasing Limited (VAELL) raise up to $95 million (Sh8.4 billion) through an asset-backed bond issue.NIC Capital is expected to act as the lead arranger and placing agent in the deal, which now awaits regulatory approval. This is the first asset-backed bond issue in the market under the Capital Markets (Asset Backed Securities) Regulations, 2007.NIC Capital

    Vehicle and Equipment Leasing Limited (VAELL) has signed a KSh 356 million ($4 million) financing deal with a Mauritius-based fund to hire out machinery for use in agro-processing.VAELL has partnered with Innovare Finance, an agriculture-focused private equity firm, to provide capital for small and mid-sized agribusinesses in the region.The arrangement will see Vaell lease agricultural machinery such as food processing equipment to SMEs across the region.The machinery will be supplied by Insta-Pro, an Iowa-based manufacturer of mid-size feed and food processors, extruders

    Vehicle and Equipment Leasing Ltd (VAELL) and Tata Africa Holdings have partnered to supply equipment to a consortium of Tanzanian mining companies. The equipment supplied is valued at KSh 350 million ($4 million). Some of the equipment being leased to the consortium includes excavators, tippers, wheel loaders, breakers, graders, drills and compressors.The deal marks increased presence of the Kenyan leasing firm into the regional market. VAELL Regional Managing Director Paul Njeru said there has been huge growth in demand of

    In a global emergent trend, most companies do not want to create their own dedicated fleet maintenance systems but still need to ensure optimal operation of trucks because of the potential economic and safety costs of systematic failure. Services such as remote monitoring and predictive maintenance are meant to critically improve the performance and dependability of the trucks.In a bid to help companies focus on their core business, VAELL (Vehicle and Equipment Leasing Limited) has rolled out fixed truck maintenance

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