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NICCO Movers Ltd, under the leadership of Director John Kiambo, has taken delivery of the second batch of eight buses, part of a larger order of 30 vehicles.
This acquisition is financed by Co-operative Bank and facilitated by Thika Motor Dealers, represented by General Manager of Sales & Marketing, Mr. Kim Nderitu.
This handover is a continuation of Co-operative Bank’s substantial investment in the Public Service Vehicle (PSV) sector. Over the past few years, the bank has allocated more than Kes 10 billion to finance over 2,000 matatus, benefiting PSV Saccos and companies through leasing and direct hire purchase arrangements.
Co-operative Bank’s commitment to the PSV transport sector not only aids fleet renewal, which is crucial for reducing emissions from older buses, but also enhances the quality and safety of transportation for Kenyans. This initiative underscores the bank’s role in promoting sustainable transport solutions and supporting local businesses.
The handover ceremony was attended by key figures from Co-operative Bank, including Mr. Alex Mwanthi, Head of Transport & Investment Cooperatives, and Ms. Kanyua Muriuki, Branch Manager of Ridgeways Branch. Their presence highlighted the bank’s ongoing dedication to fostering growth and innovation within the PSV sector.
John Kiambo expressed his gratitude, stating, “This partnership with Co-operative Bank and Thika Motor Dealers enables NICCO Movers to provide better service to our customers, ensuring safer and more reliable transportation.”
As NICCO Movers Ltd continues to expand its fleet, the collaboration between these organizations exemplifies a shared vision of progress and community-focused development in Kenya’s transport sector.
