Co-op Bank Finances Two Electric PSV Vans for Enabled Mashariki Sacco in Partnership with BasiGo

Co-operative Bank of Kenya has strengthened its commitment to sustainable transport by financing two fully electric 16-seater public service vehicles (PSVs) for Enabled Mashariki PSV Sacco through its new e-mobility financing facility. The electric vans, supplied by BasiGo, were officially handed over to the Sacco in a move aimed at accelerating the adoption of clean energy vehicles in Kenya's public transport sector. Enabled Mashariki PSV Sacco operates along the busy Nairobi–Juja, Nairobi–Thika and Nairobi–Kitengela routes, serving thousands of commuters travelling between the capital and surrounding towns. The introduction of the two electric vans marks an important step towards modernising the Sacco's fleet while reducing dependence on fossil fuels and supporting environmentally friendly public transport. The handover ceremony brought together representatives from Co-operative Bank, BasiGo and Enabled Mashariki PSV Sacco. Co-operative Bank was represented by Vincent Marangu, Director of Cooperatives Banking, alongside the bank's Head of Transport, Housing and Investment Cooperatives. BasiGo was represented by Bertha Mvati, Head of Vehicle Asset Finance, while the Enabled Mashariki PSV Sacco delegation included Chairman Joseph Nguku and directors Dr. Joy Gaitho and David Gichamba. The financing arrangement demonstrates Co-operative Bank's growing role in supporting Kenya's transition to electric mobility by making electric vehicles more accessible to transport operators through structured financing solutions. For PSV Saccos, access to affordable financing remains an important factor in adopting electric vehicles, whose initial acquisition costs can present challenges despite their potential long-term operational savings. Electric vehicles offer opportunities for operators to reduce fuel expenses, lower certain maintenance costs and minimise emissions, particularly along high-traffic urban and peri-urban routes. Through its e-mobility financing facility, Co-operative Bank is positioning itself as a financial partner for transport cooperatives seeking to modernise their fleets and embrace cleaner technologies. The partnership with BasiGo also highlights the growing collaboration between financial institutions and electric mobility companies in transforming Kenya's public transport industry. For Enabled Mashariki PSV Sacco, the acquisition of the two electric vans represents an investment in modern transport solutions as demand for efficient, reliable and environmentally sustainable mobility continues to grow. The initiative further reinforces the important role cooperative societies can play in advancing Kenya's green economy while creating new opportunities for investment and innovation in the transport sector.