Lennox Mugambi

ASSETFIN100 I 2026

Lennox Mugambi

Lennox Mugambi — Snapshot and Highlights

Recognition Citation

By connecting manufacturers, fleet operators and structured finance, Lennox Mugambi has helped reshape how Kenyan businesses acquire commercial mobility assets. A defining milestone in the review period was NCBA's financing of the first 15 electric tipper trucks in a planned 30-unit fleet for Browns Plantations Kenya, delivered through the bank's KES 2 billion electric-mobility programme. Alongside a 35.4% share of Kenya's hire-purchase market and new partnerships supporting trucks, buses, trailers, construction equipment and electric vehicles, his work illustrates the growing reach of integrated asset finance in East Africa.

Profile Snapshot

Position
Group Director, Asset Finance and Business Solutions
Company
NCBA Group
Country
Kenya / East Africa
Sector
Vehicle, Fleet and Equipment Finance
Asset Focus
Commercial vehicles, trucks, buses, trailers, construction equipment, fleet leasing and electric vehicles
Assessment
January 2025 – June 2026

2025–2026 Highlights

Electric-Mobility Programme KES 2bn NCBA funding platform supporting commercial electric-mobility deployment.
Electric Truck Deployment 15 of 30 Units Phase one of the Browns Plantations Kenya electric tipper-truck fleet.
Hire-Purchase Market Share 35.4% NCBA's reported share of Kenya's hire-purchase market in April 2026.
New Commercial Assets Up to 100% Financing under the Mobikey partnership for new trucks, buses, trailers and equipment.
Used Commercial Assets Up to 80% Financing available for qualifying used assets under the same programme.
EV Customer Finance Up to 90% Electric-vehicle financing offered through the Salvador Caetano partnership.

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