Sunday, September 17, 2023
Netick
  • Home
  • News
    Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

    Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

    Investors cry foul as suspected pyramid scheme directors disappear

    Investors cry foul as suspected pyramid scheme directors disappear

    City raid nets hundreds of stolen phones, one suspect arrested

    City raid nets hundreds of stolen phones, one suspect arrested

    Eye troubles and payment shortfall: Student’s ordeal with Worldcoin scan

    Eye troubles and payment shortfall: Student’s ordeal with Worldcoin scan

    Sama to hire 2,100 Kenyans for AI projects amid labour dispute

    Sama to hire 2,100 Kenyans for AI projects amid labour dispute

    Safaricom to launch standing order feature on M-Pesa for recurring payments

    Safaricom to launch standing order feature on M-Pesa for recurring payments

    Worldcoin scans posed health risks, Kenya’s health CS tells legislators

    Worldcoin scans posed health risks, Kenya’s health CS tells legislators

    Kenya sets two-week deadline to clear passport backlog, cut down issuance time

    Kenya sets two-week deadline to clear passport backlog, cut down issuance time

    Azam Media to air FKF Premier League matches in KES 1.3 billion deal

    Azam Media to air FKF Premier League matches in KES 1.3 billion deal

  • Business
  • Smartphones
    Safaricom introduces Neon Smarta and Ultra with Lipa Mdogo Mdogo payment plan

    Safaricom introduces Neon Smarta and Ultra with Lipa Mdogo Mdogo payment plan

    Oppo introduces Reno 10 Pro 5G and Reno 10 5G in Kenya: Price, specs and availability

    Oppo introduces Reno 10 Pro 5G and Reno 10 5G in Kenya: Price, specs and availability

    Samsung launches Galaxy Z Flip5 and Galaxy Z Fold5: pricing and availability

    Samsung launches Galaxy Z Flip5 and Galaxy Z Fold5: pricing and availability

    Smartphone prices set to rise as KRA changes import tax rules

    Smartphone prices set to rise as KRA changes import tax rules

    Google unveils new Pixel devices with foldable phone and tablet

    Google unveils new Pixel devices with foldable phone and tablet

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

  • Reviews
    • All
    • Buying Guides
    • Deals
    • Headphones
    • How-tos
    • Smartwatches
    • Speakers
    How to register and shop with Faraja’s interest free M-PESA credit

    How to register and shop with Faraja’s interest free M-PESA credit

    Safaricom offers buy 1 get 1 free on select smartphones

    Safaricom offers buy 1 get 1 free on select smartphones

    The ultimate buyer’s guide for choosing the best TV [2023]

    The ultimate buyer’s guide for choosing the best TV [2023]

    How to check KUCCPS placement results

    How to check KUCCPS placement results

    The best VPN free trials in 2023

    The best VPN free trials in 2023

    Best Microphones for Podcasting 2023: A Comprehensive Guide

    Best Microphones for Podcasting 2023: A Comprehensive Guide

    5 Best AI Video Editor Tools [2023]

    5 Best AI Video Editor Tools [2023]

    8 Best Torrent Sites in 2023 – Safe and Still Working

    8 Best Torrent Sites in 2023 – Safe and Still Working

    Best and High Paying Affiliate Marketing Websites 2023

    Best and High Paying Affiliate Marketing Websites 2023

  • Social Media
    Mwango Capital cut off from Twitter, verification botched

    Mwango Capital cut off from Twitter, verification botched

    TikTok to set up Kenya office and work with government on content regulation

    TikTok to set up Kenya office and work with government on content regulation

    Ruto seeks dialogue with TikTok CEO amid ban threat over content issues

    Ruto seeks dialogue with TikTok CEO amid ban threat over content issues

    X users will soon lose the option to block others

    X users will soon lose the option to block others

    XPro (tweetdeck) users face paywall as X makes it a premium-only feature

    XPro (tweetdeck) users face paywall as X makes it a premium-only feature

    Petition to ban TikTok in Kenya ignites fierce debate among lawmakers

    Petition to ban TikTok in Kenya ignites fierce debate among lawmakers

  • Startups
  • More
    • Press*
    • Write for us
No Result
View All Result
  • Home
  • News
    Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

    Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

    Investors cry foul as suspected pyramid scheme directors disappear

    Investors cry foul as suspected pyramid scheme directors disappear

    City raid nets hundreds of stolen phones, one suspect arrested

    City raid nets hundreds of stolen phones, one suspect arrested

    Eye troubles and payment shortfall: Student’s ordeal with Worldcoin scan

    Eye troubles and payment shortfall: Student’s ordeal with Worldcoin scan

    Sama to hire 2,100 Kenyans for AI projects amid labour dispute

    Sama to hire 2,100 Kenyans for AI projects amid labour dispute

    Safaricom to launch standing order feature on M-Pesa for recurring payments

    Safaricom to launch standing order feature on M-Pesa for recurring payments

    Worldcoin scans posed health risks, Kenya’s health CS tells legislators

    Worldcoin scans posed health risks, Kenya’s health CS tells legislators

    Kenya sets two-week deadline to clear passport backlog, cut down issuance time

    Kenya sets two-week deadline to clear passport backlog, cut down issuance time

    Azam Media to air FKF Premier League matches in KES 1.3 billion deal

    Azam Media to air FKF Premier League matches in KES 1.3 billion deal

  • Business
  • Smartphones
    Safaricom introduces Neon Smarta and Ultra with Lipa Mdogo Mdogo payment plan

    Safaricom introduces Neon Smarta and Ultra with Lipa Mdogo Mdogo payment plan

    Oppo introduces Reno 10 Pro 5G and Reno 10 5G in Kenya: Price, specs and availability

    Oppo introduces Reno 10 Pro 5G and Reno 10 5G in Kenya: Price, specs and availability

    Samsung launches Galaxy Z Flip5 and Galaxy Z Fold5: pricing and availability

    Samsung launches Galaxy Z Flip5 and Galaxy Z Fold5: pricing and availability

    Smartphone prices set to rise as KRA changes import tax rules

    Smartphone prices set to rise as KRA changes import tax rules

    Google unveils new Pixel devices with foldable phone and tablet

    Google unveils new Pixel devices with foldable phone and tablet

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

  • Reviews
    • All
    • Buying Guides
    • Deals
    • Headphones
    • How-tos
    • Smartwatches
    • Speakers
    How to register and shop with Faraja’s interest free M-PESA credit

    How to register and shop with Faraja’s interest free M-PESA credit

    Safaricom offers buy 1 get 1 free on select smartphones

    Safaricom offers buy 1 get 1 free on select smartphones

    The ultimate buyer’s guide for choosing the best TV [2023]

    The ultimate buyer’s guide for choosing the best TV [2023]

    How to check KUCCPS placement results

    How to check KUCCPS placement results

    The best VPN free trials in 2023

    The best VPN free trials in 2023

    Best Microphones for Podcasting 2023: A Comprehensive Guide

    Best Microphones for Podcasting 2023: A Comprehensive Guide

    5 Best AI Video Editor Tools [2023]

    5 Best AI Video Editor Tools [2023]

    8 Best Torrent Sites in 2023 – Safe and Still Working

    8 Best Torrent Sites in 2023 – Safe and Still Working

    Best and High Paying Affiliate Marketing Websites 2023

    Best and High Paying Affiliate Marketing Websites 2023

  • Social Media
    Mwango Capital cut off from Twitter, verification botched

    Mwango Capital cut off from Twitter, verification botched

    TikTok to set up Kenya office and work with government on content regulation

    TikTok to set up Kenya office and work with government on content regulation

    Ruto seeks dialogue with TikTok CEO amid ban threat over content issues

    Ruto seeks dialogue with TikTok CEO amid ban threat over content issues

    X users will soon lose the option to block others

    X users will soon lose the option to block others

    XPro (tweetdeck) users face paywall as X makes it a premium-only feature

    XPro (tweetdeck) users face paywall as X makes it a premium-only feature

    Petition to ban TikTok in Kenya ignites fierce debate among lawmakers

    Petition to ban TikTok in Kenya ignites fierce debate among lawmakers

  • Startups
  • More
    • Press*
    • Write for us
No Result
View All Result
Netick
Home Transportation

KCB to finance the purchase of electric PSV buses from BasiGo

Brian Murimi by Brian Murimi
October 4, 2022
in Transportation
Reading Time: 3 mins read
A A
KCB to finance the purchase of electric PSV buses from BasiGo
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

In a partnership between KCB Bank Kenya and BasiGo Ltd, an e-mobility startup and financing firm delivering electric bus services to Sub-Saharan Africa, KCB customers in the Public Service Vehicle industry will now have access to flexible financing alternatives.

Customers will benefit from up to 90% finance with a 36-month repayment schedule as part of the agreement, which will help them cut greenhouse gas emissions and improve their ability to respond to climate change through adaptation and mitigation measures.

Customers will also have access to embedded tracking and fleet management devices that are already installed on the electric bus, as well as insurance financing. BasiGo will also provide battery charging, service, and maintenance.

“The key to getting electric buses on the road in Kenya is to make them affordable to PSV owners. The partnership we have signed today with KCB Bank is game-changing. It will allow bus owners to secure asset financing for an electric bus exactly in line with how they have been purchasing diesel buses.,” said Jit Bhattacharya, CEO and Co-Founder at BasiGo. “With KCB’s pioneering support for this technology and BasiGo’s Pay-As-You-Drive financing, we have made electric buses more affordable and more convenient for owners to purchase and operate than a diesel bus.”

BasiGo’s electric buses can be purchased on a Sale/Operating lease basis. The bus is offered for purchase under this model for Kshs. 5,000,000, with BasiGo retaining ownership of the vehicle’s battery. Following that, the battery is leased to the PSV operator via a Pay-As-You-Drive (PAYD) subscription. BasiGo presently offers Pay-As-You-Drive subscriptions for Ksh 20 per kilometer traveled. By ensuring battery performance and providing all charging and maintenance for the bus throughout its life, BasiGo mitigates risks to PSV operators.

KCB Bank Director of Corporate Banking Esther Waititu stated during the event that the arrangement is in accordance with the Bank’s mission to leverage partnerships that seek to give value to its clients.

“Entrenching sustainability in our operations means that we always consider our economic, social and environmental impact before we make any decision on partnerships and collaborations. We are delighted to partner with BasiGo as this reflects our commitment to supporting key customers to derive value from their long-standing loyalty,” Waititu said.

Customers of KCB SAHL Banking will also be provided for, since they will be able to acquire the electric buses from BasiGo at inexpensive rates thanks to the Shariah-compliant banking model.

BasiGo has recently completed its trial program with Citi Hoppa and East Shuttle. Since March 2022, the pilot buses have driven over 90,000 kilometers and carried over 112,000 people in Nairobi. BasiGo has already received over 100 bookings for its K6 Electric vehicle and plans to deliver new buses to SACCOs on the reservation list in early 2023.

Tags: BasiGoKCB
Follow The Netick on Google News Follow The Netick on Google News
Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

MORE FROM THE NETICK

John Paul Okwiri takes over as CEO of Konza Technopolis

John Paul Okwiri takes over as CEO of Konza Technopolis

September 9, 2023
Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

Kenya Power pushes e-cooking to reduce reliance on wood fuel, gas

September 7, 2023
Investors cry foul as suspected pyramid scheme directors disappear

Investors cry foul as suspected pyramid scheme directors disappear

September 7, 2023
City raid nets hundreds of stolen phones, one suspect arrested

City raid nets hundreds of stolen phones, one suspect arrested

September 7, 2023

RECOMMENDED

5 ways to take a screenshot on Windows laptop/PC

5 ways to take a screenshot on Windows laptop/PC

May 3, 2022
YouTube relaxes the eligibility criteria for its Partner Program to 500 subscribers

YouTube relaxes the eligibility criteria for its Partner Program to 500 subscribers

June 13, 2023
Stranger Things 4 is the second Netflix show to reach 1 billion hours of viewing

Stranger Things 4 is the second Netflix show to reach 1 billion hours of viewing

July 6, 2022
Load More

TRENDING

How to claim your free Worldcoin grant tokens

How to claim your free Worldcoin grant tokens

July 26, 2023
This Kenyan made electric motorcycle will cost you just KES 177,000

This Kenyan made electric motorcycle will cost you just KES 177,000

July 20, 2022
Xiaomi Mi True Wireless Earbuds Basic 2 Review

Xiaomi Mi True Wireless Earbuds Basic 2 Review

September 9, 2021
TCL 40S65A review: Best budget Android TV?

TCL 40S65A review: Best budget Android TV?

Netick

© The Netick - Tech Stuff For Average Consumers.

Navigate Site

  • About
  • Write for us
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Laptops
  • Smartphones
  • Reviews
  • Social Media
  • Startups
  • Gaming
  • More
    • Press*
    • Write for us

© The Netick - Tech Stuff For Average Consumers.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.