Uber Kenya and Sidian Bank have partnered in a Sh10 million programme that will give driver-partners and business investors convenient and affordable access to quality vehicles they need to start or grow their Uber-based businesses.

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This launch of Uber Vehicle Solutions programme comes after Uber celebrated one million rides in Kenya since its launch just 15 months ago.

The vehicle access initiative includes a vehicle finance component delivered through Sidian Bank, and a vehicle leasing solution made available through Zohari Leasing.

Uber Kenya acting general manager Nate Anderson said the initiative follows similar offerings that have recently been launched by Uber in partnership with WesBank, with great success in South Africa as well as in a number of international locations where Uber has a presence.

Sidian Bank CEO Titus Karanja said the partnership is well aligned to the lender’s mandate to support enterprises to thrive.

“We are glad to be part of this deal, which is enabling enterprises to grow. In addition to financing, we will also provide technical assistance to the beneficiaries of this arrangement. This deal is part of our efforts to consolidate our new positioning that is focused on enabling individuals to own their tomorrow,” he added.

The vehicle finance component of the programme offers qualifying driver-partners and investors up to 100% finance deals on vehicles priced between Sh1 million and Sh1.5 million, with a generous 36-month repayment period at a low 10,5% interest rate.