• Contact
Wednesday, February 8, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

KCB Bank partners with BasiGo to facilitate the purchase of electric buses

TAB by TAB
05/10/2022
in Business
0
KCB Bank partners with BasiGo to facilitate the purchase of electric buses
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

KCB Bank partners with BasiGo to facilitate the purchase of electric buses

Kenyan mobility start-up BasiGo has partnered with the Commercial Bank of Kenya (KCB) to pre-finance the purchase of electric buses. The partnership aims to promote environmentally friendly mobility in Kenya.

Related posts

Shell oil tanker questioned over payment of losses and damages

Shell oil tanker questioned over payment of losses and damages

03/02/2023
1
Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

03/02/2023
1

As part of its CSR (Corporate Social Responsibility) approach, the Commercial Bank of Kenya (KBC) has just signed an agreement with the Nairobi-based mobility start-up BasiGo. The financial group will guarantee 90% of the start-up’s electric bus purchases in order to promote ecological mobility in Kenya.

The partnership will provide customers of both companies with access to integrated tracking gadgets that will already be installed in the electric buses and financing for transport-related insurance. For its part, BasiGo will service, recharge and maintain the batteries of its electric vehicles.

“This agreement will enable bus owners to obtain asset financing for an electric bus of Kshs 5 million (over US$41,000) just as if they had purchased diesel buses with KCB’s support. BasiGo is also offering Pay-As-You-Drive (PAYD) subscriptions at 20 Kenyan shillings ($0.16) per kilometre travelled which mitigates the risks for the operators of the electric public service vehicles (PSVs),” enthuses Jit Bhattacharya the managing director and founder of BasiGo.

The start-up will deliver around 100 electric buses from 2023, including 25-seat K6s with a range of 250 km and a recharging time of less than four hours. To finance these vehicles, which are assembled in Kenya, BasiGo has secured $4.3 million from investors in a recent round of funding led by Novastar Ventures, a venture capital firm based in Nairobi and Lagos, Nigeria.

KCB Bank partners with BasiGo to facilitate the purchase of electric buses

Source: Afrik21
Previous Post

Egypt: $400m to decarbonise transport between Cairo and Alexandria

Next Post

2% of the world’s rarest zebras wiped out in Kenya’s relentless drought

Next Post
2% of the world’s rarest zebras wiped out in Kenya’s relentless drought

2% of the world’s rarest zebras wiped out in Kenya’s relentless drought

RECOMMENDED NEWS

The Central Bank of Kenya has revised upwards its economic growth projection

The Central Bank of Kenya has revised upwards its economic growth projection

1 year ago
4
IFC joins forces with Business Partners to expand green building financing in South Africa

IFC joins forces with Business Partners to expand green building financing in South Africa

10 months ago
2
Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

8 months ago
7
What you need to know to improve your running

What you need to know to improve your running

1 year ago
1

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Zanzibar’s president is looking to make horticulture a significant part of his country’s economy
  • Shell oil tanker questioned over payment of losses and damages
  • Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In