Co-op Bank Finances New Buses for PSV SACCO Fleet Expansion

The Co-operative Bank of Kenya has reinforced its commitment to modernizing Kenya’s public transport sector after financing the acquisition of new buses for two public service vehicle (PSV) SACCOs.

In an announcement shared on its social media platforms, the bank said it had joined two of its long-standing SACCO clients as they received the first batch of buses financed under its fleet asset financing programme.

The financing is expected to support business growth, improve commuter experiences, and enhance the efficiency of public transport services on key routes within and outside Nairobi.

Under the arrangement, Salty Investment SACCO, which operates along the Nairobi CBD–Umoja route, received the first four units of a planned fleet of ten new 33-seater buses financed through a Sh54 million facility.

Meanwhile, Umowa SACCO, which serves the Nairobi–Machakos route, took delivery of the first nine buses from a planned fleet of 20 vehicles financed through a Sh121 million facility.

The bank noted that the acquisition marks a significant milestone in the expansion and fleet renewal efforts of the two SACCOs as they seek to meet growing passenger demand while improving service delivery.

The move comes amid increasing efforts within the transport sector to replace aging vehicles with modern fleets that offer greater comfort, reliability, and operational efficiency.

Co-op Bank said it remains committed to supporting fleet modernization across the public transport industry through tailored financing solutions for both low-capacity and high-capacity buses.

The lender added that investments in modern transport infrastructure are critical to improving mobility, supporting economic activity, and strengthening the country’s public transport ecosystem.