CFAO mobility Kenya, Stanbic Bank renew vehicle financing agreement

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Alice Mwaniki, Head of Personal Banking at Stanbic Bank Kenya (L), alongside Daniel Maundu, General Manager, National Sales at CFAO Mobility Kenya (R), during the signing of an MOU at the Beauty Behind the Bonnet event. 

By Dickson Odhiambo

CFAO mobility Kenya, Stanbic Bank renew vehicle financing agreement

CFAO Mobility Kenya and Stanbic Bank have renewed their Memorandum of Understanding (MOU), reaffirming their shared commitment to making vehicle ownership more accessible to all Kenyans.

Under the renewed MOU, customers can access vehicle financing of up to 100% for personal vehicles and 90% for commercial vehicles, with zero processing fees and flexible tenures of up to 96 months for salaried customers – an industry-leading provision and 72 months for business clients for all models within the CFAO Mobility’s portfolio.

“At CFAO Mobility, we believe car ownership starts with access. Every day, we meet customers who are ready to own a vehicle but face financial constraints. That is why the partnership is so significant because it is the bridge that helps customers turn their aspirations into ownership,” said Daniel Maundu, General Manager, Toyota National Sales.

He says the renewed partnership deepens collaboration between the two organisations, combining CFAO Mobility’s automotive expertise with Stanbic Bank’s financial solutions, breaking the financial barriers and supporting customers throughout their vehicle-ownership journey from purchase to maintenance, servicing, and future upgrades.

“This MOU reflects a shared vision to deliver practical, customer-centric mobility and financing solutions that empower individuals and businesses to grow and thrive. Through this partnership, we are combining CFAO’s leadership in mobility solutions with Stanbic’s expertise in asset finance to provide seamless vehicle financing,” said Kimani Njagi, Head of Vehicle and Asset Financing at Stanbic Bank Kenya

The announcement was made during the 2026 Beauty Meets the Bonnet event, an exclusive women-only automotive platform designed to empower women to approach car ownership with clarity, confidence, and control.

The event opened multiple opportunities for customers to explore, learn, and access practical support for car ownership. Guests took test drives across a wide range of CFAO Mobility models and visited interactive learning stations for hands-on guidance in basic maintenance, including how to spot genuine versus counterfeit parts and how to change a tyre.

With more than 800 registered members, Beauty Meets the Bonnet places a strong focus on financial empowerment, practical car knowledge, after-sales support and clear vehicle-upgrade pathways, positioning Toyota by CFAO Mobility not only as a vehicle provider, but as a trusted partner throughout the mobility journey.

 

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