VAELL TO RAISE $50M IN DEBT EQUITY FUNDING
Vehicle and Equipment Leasing Ltd (VAELL) is seeking to raise $50 million in debt and equity funding to offshoot the growth of medium enterprises across Africa. East Africa’s economy has been heating up the global statistics with most economies growing at 4% and above. Kenya’s economy according to the latest world bank numbers is expected […]
PTA BANK AND VAELL INKS KES. 960 MILLION DEAL
Vehicle and Equipment Leasing Ltd (Vaell) has announced Kes. 960 million Deal with PTA Bank. The PTA BANK, East and Southern Africa Trade and Development Bank has given VAELL US$ 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 […]
VAELL PARTNERS WITH SOUTH KOREAN AUTOMAKER HYUNDAI MOTORS
South Korean automaker Hyundai Motors has partnered with a Kenyan leasing company—Vehicle and Equipment Leasing Limited (Vaell)— as it seeks to grow sales in East Africa and tap into the sector that is seen as the new revenue stream. Hyundai Motors East Africa, a five months old subsidiary company, announced the deal as it marked […]
VAELL, TELCOM KENYA SIGN KSHS 115 VEHICLE LEASING DEAL
Telkom Kenya has signed a KSh 115 million three-year contract to lease from local vehicle and equipment leasing firm Vaell. Under the agreement, Vaell will supply Telkom Kenya with 20 vehicles (Ford double cabins) each year within the lease period. Telkom Kenya joins the government and companies such as Coca-Cola and ARM Cement that have adopted […]
