AIRTEL UGANDA ACQUIRES A FLEET OF VEHICLES FROM VAELL
East Africa’s Leasing Market leader, Vehicle and Equipment Leasing Limited (VAELL) has leased 43 Ford Rangers units to Airtel Uganda. The lease arrangement reflects a strategy that focuses on growing the voice mass market offering and solidifying the business’ mobile and corporate data position in the market and the overall growth of Airtel market scope. […]
VAELL TO RAISE $50M IN DEBT EQUITY FUNDING
Vehicle and Equipment Leasing Ltd (VAELL) is seeking to raise $50 million in debt and equity funding to offshoot the growth of medium enterprises across Africa. East Africa’s economy has been heating up the global statistics with most economies growing at 4% and above. Kenya’s economy according to the latest world bank numbers is expected […]
BUMPER FRIDAY, CAR SALE SUCCESS!
August saw a banner month for Quipbank with a successful inaugural car sale. Dubbed bumper Friday, the event held on Friday, August 5th 2016 aimed at off-loading ex-lease vehicles. The highly anticipated sale was hosted at the Quipbank centre on Mombasa road and attracted a considerable list of visitors keen on jumping on the offers and […]
PTA BANK AND VAELL INKS KES. 960 MILLION DEAL
Vehicle and Equipment Leasing Ltd (Vaell) has announced Kes. 960 million Deal with PTA Bank. The PTA BANK, East and Southern Africa Trade and Development Bank has given VAELL US$ 9,500,000 to aid her in asset acquisition. The funds will finance heavy Komatsu equipment that will be instrumental in spearheading the development in the mining […]
VAELL LEASES VEHICLES TO VIVO ENERGY KENYA
Vivo Energy, the Shell licensee in 16 countries in Africa, has expanded its leased fleet by another 8 units to further expand its fleet across the continent. This acquisition is expected to boost value creation and the overall growth of its business with less stress on fleet maintenance and brings its regional leased fleet over 50 […]
