VAELL ROLLS OUT FIXED COST LEASING
In a global emergent trend, most companies do not want to create their own dedicated fleet maintenance systems but still need to ensure optimal operation of trucks because of the potential economic and safety costs of systematic failure. Services such as remote monitoring and predictive maintenance are meant to critically improve the performance and dependability […]
VAELL, TATA SIGNS A LEASE DEAL VALUED AT KSHS 350M
Vehicle and Equipment Leasing Ltd (VAELL) and Tata Africa Holdings have partnered to supply equipment to a consortium of Tanzanian mining companies. The equipment supplied is valued at KSh 350 million ($4 million). Some of the equipment being leased to the consortium includes excavators, tippers, wheel loaders, breakers, graders, drills and compressors. The deal marks […]
VAELL LEASING SIGNS A KSHS 356M DEAL WITH INNOVARE FINANCE
Vehicle and Equipment Leasing Limited (VAELL)has signed a KSh 356 million ($4 million) financing deal with a Mauritius-based fund to hire out machinery for use in agro-processing. VAELL has partnered with Innovare Finance, an agriculture-focused private equity firm, to provide capital for small and mid-sized agribusinesses in the region. The arrangement will see Vaell lease agricultural […]
VAELL TO RAISE KSHS 8.4 BILLION THROUGH AN ASSET-BACKED BOND ISSUE
NIC Capital, the investment banking subsidiary of the NIC Bank Group, has been mandated as the Lead Arranger to help leasing firm Vehicle and Equipment Leasing Limited (VAELL) raise up to $95 million (Sh8.4 billion) through an asset-backed bond issue. NIC Capital is expected to act as the lead arranger and placing agent in the […]
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 […]
