NCBA expands options for electric cars financing

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NCBA branch in Nairobi. FILE PHOTO | NMG

The NCBA Group has widened the financing options for a Sh2 billion electric vehicle funding kitty amid low uptake since its roll-out last year.

NCBA Group CEO John Gachora on Tuesday disclosed that the bank has so far lent an estimated Sh50 million, a low uptake that prompted a review of the kitty’s financing options to enable customers purchase other components across the electric cars value chain.

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