Sharp Daily
No Result
View All Result
Monday, September 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Business

NCBA launches solar leasing to help firms cut energy costs

Huldah Matara by Huldah Matara
October 22, 2024
in Business
Reading Time: 1 min read

NCBA Group has launched its Solar PV Leasing Solution, allowing businesses to transition to solar energy without bearing the high upfront costs traditionally associated with such projects. This innovative financing model aims to help companies reduce electricity costs and meet sustainability targets.

“The cost of energy and the need to build a green environment are driving demand for solar solutions. In Africa, the cost of financing is three times higher compared to the rest of the world,” said Jibril Omar, CEO and Commercial Director at OFGEN, underscoring the economic and environmental importance of solar energy adoption in the region.

NCBA’s leasing solution allows businesses to reallocate up to 50% of their power bills to solar energy, offering significant savings. “We are making it accessible for businesses with all their documentation in order,” said Joseph Wanene, General Manager at Davis & Shirtliff.

By eliminating the need for additional collateral, the Solar PV Leasing model allows companies to use assets without affecting their balance sheets. “We are steering away from traditional financing,” explained Lennox Mugambi, Group Director, Asset Finance & Business Solutions at NCBA.

RELATEDPOSTS

NCBA launches new branch in Migori Town as part of its retail expansion drive

September 16, 2023
Solar Power

Rise in Demand for Solar Power

June 16, 2023

This initiative is designed to support businesses across various sectors, with real-time data and remote monitoring systems ensuring optimal value from solar installations. “Our goal is to understand our clients to maintain high service standards,” said John Wachira, Director at Safi Power.

Solar technology has rapidly evolved, reducing emissions and energy costs. “These products are critical in helping us reduce our carbon footprint,” noted Sammy Waite, Head of Design & Engineering at Chloride Exide. NCBA’s leasing solutions have adapted to technological advances, offering upgrades to solar systems over time, making renewable energy more accessible.

Previous Post

Kenya repatriates four Turkish nationals following diplomatic request

Next Post

Win for state as high court upholds housing levy

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Analysis

Why private credit gaining traction in emerging markets

August 21, 2025
Analysis

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
Business

Shri Krishana Overseas lists on NSE

July 25, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
Analysis

Lessons from the Kuramo-TransCentury fallout

July 3, 2025
Business

Competitive advantages of small businesses

June 26, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024