NCBA has taken a significant step towards promoting sustainable transport with its Ksh 2 billion commitment to financing electric vehicles (EVs) and solar photovoltaic (PV) systems. This initiative not only emphasises environmental sustainability but also aims to change the transport sector in East Africa.

Emphasising the importance of the initiative, the group’s managing director, John Gachora, highlights the potential of EVs in transforming the region’s transportation landscape.

Additionally, NCBA has allocated Ksh 500 million towards financing solar PV systems, empowering customers to embrace renewable energy solutions.

In a bid to further support the adoption of EVs, NCBA is investing in the deployment of charging stations across the region. Currently, the bank has established four charging stations, with three in Nairobi and one in Kigali. This strategic placement addresses the challenge of charging accessibility, catering to both current and potential EV users.

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NCBA’s commitment to driving the transition to e-mobility goes beyond financing EVs. The bank has earmarked at least Kshs 30 billion to propel this transition, alongside other green and sustainable financing needs.

To support the growth of e-mobility, NCBA has already supported the establishment of charging ports in Nairobi and Kigali and has installed an electric charging station at its Head Office in Nairobi, available for use by customers and staff.

The bank’s investment in establishing more charging ports in Kenya and across the East African region is a proactive step towards addressing the challenge of accessing charging stations.

The Draft National Electric Mobility Policy recommends the installation of charging ports in public places, and NCBA is committed to supporting this directive.

In line with these efforts, NCBA is offering financing for the acquisition of electric vehicles, e-bikes, and electric tuk tuks for personal use or as Public Service Vehicles (PSV).

This aligns with the National Energy Efficiency and Conservation Strategy of 2020, which envisions that by 2025, at least 5% of all vehicles in Kenya will be electric.

Although there are currently 3,753 registered electric vehicles in Kenya, the country is still at the nascent stage of transitioning to e-mobility. NCBA’s initiatives, along with the proposed policy recommendations, are crucial in driving this transition.

As the country progresses towards cleaner and sustainable transport solutions, the bank’s commitment to green financing plays a pivotal role in shaping the future of transportation in East Africa.

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Other innovations and initiatives that NCBA group has rolled out for its existing customer base include the introduction of the new NCBA Now App, which provides a seamless transition process. Users can follow the step-by-step guide for upgrading to the new app, ensuring a smooth and hassle-free experience.

For users wanting to upgrade from the NCBA Kenya Mobile App to the new NCBA Now App, here are the simple steps:
1. Self-Migrate to the new NCBA NOW Application – Log in to the existing NCBA Kenya Mobile App – Select Upgrade Now and install the new app upon successful upgrade confirmation.

2. Activate the NCBA Now Application – Launch the new NCBA Now app, select Activate, and follow the steps to receive and submit a temporary PIN and activation code.

3. Register Your Device – Follow the prompts to register your device, receive a one-time password, and link your device to your account.

4. PIN Change – Create a new 4-digit PIN and set up Biometric Login under app settings.