LENDER ORDERED TO PAY VAELL SH8M
In the court ruling documents seen by The Standard, the court established that the lender had overcharged VAELL interest rates of up to 28 per cent – double the 14 per cent set by the law capping interest rate charged by financial institutions. According to the law, banks can be fined up to Sh. 1 […]
VAELL CONSIDERS INITIAL PUBLIC OFFER
Vehicle and Equipment Leasing Limited (VAELL) has initiated the process needed to go public in February 2019, a move that will help the leasing giant raise $10 million to strengthen its Asia and Southern Africa partnerships. The company has appointed a consultant to advice on the process. The listing will give the leasing market leader greater […]
QUIPBANK HANDS OVER EX-LEASE VEHICLES
There was a handover of ex-lease vehicles to a number of corporates and individuals at Quipbank’s yard, Buffalo Mall, Naivasha. Quipbank handed over the units to SMEs and individuals including KOBO Safaris Ltd among others. VAELL earmarked Quipbank as its ex-lease disposal partner to sell ex-lease cars direct to consumers. Quipbank has a fully-fledged ex-lease […]
GOVERNMENT LEASES VEHICLES THROUGH VEHICLE AND EQUIPMENT LEASING LIMITED (VAELL)
President Uhuru Kenyatta has flagged off the third batch of vehicles which have been part of the vehicles acquired through government’s leasing programme. The event that took place at Uhuru Park, saw over 500 police vehicles distributed to various police departments. Some of the vehicles have been leased through Vehicle and Equipment Leasing Limited (VAELL), […]
NEW APP ENABLING FARMERS ACCESS TRACTOR SERVICES WITH EASE
For many years, farmers in East Africa have had a hard time accessing farm machinery to work on their farms due to financial and credit limitations. As a result, most farmers are unable to purchase or maintain farm equipment due to the high costs involved. This in turn hinders farmer’s capacity to fully maximize on […]
