Sun. Jul 5th, 2020

BUSINESS TODAY AFRICA

Aligning Results

EXPANSION: EQUIPMENT BANK OPENS MORE BRANCHES ACROSS THE COUNTRY

3 min read

By Jared Oundo,

East Africa largest equipment sharing platform, Quipbank Trust Limited, is set to open hubs in 47 counties by the year 2022 to meet the growing demand across the country. Currently, the equipment renter has branches in Nairobi, Meru, Kiambu, Kisumu, Narok, Kajiado and Nakuru among other counties. It also has subsidiaries in Uganda and Tanzania. The firm is set to open its Kisumu branch as it opens the Mombasa office. The Kisumu Branch will serve Siaya, Busia and the entire Western Kenya. The lake city branch will cost at least Kes. 15 M. The expansion will involve a combination of branches expansion, strategic partnerships and diversification of service variety leveraging on technology to meet growing clients’ needs.

Equipment at Quipbank offices in Nairobi

The lakeside store will strengthen their presence in the vast Western region as well as coordinating operations in neighbouring counties. The firm is now eyeing business with the devolved government units and the rising mechanized farming in the region. In 2018, the equipment bank collaborated with the county government of Narok to construct at least 300 dams. It has also previously worked with County government of Bomet to repair the roads in the Rift Valley devolved unit. The advent of devolution has led to a dramatic change in various counties hence attracting various investors and institutions to pitch tent.

In addition, the company is targeting unexploited potential markets in Northern Kenya by setting up a hub in Garissa. According to the Quipbank Commercial Director, John Mogire, plans are underway to have the first North Eastern Kenya branch at the heart of the town, along Kisimayu Road.

 

John Mogire said, “Opening of a new branch is part of our expansion strategy aiming to serve customers in a better and convenient way. This will help us realise the goal of having a nationwide coverage within the next two years and launching of new products targeting the end user.”

“We are moving closer to the clients. They will no longer have to travel to distant hubs to access our services and equipment. Our sole aim remains to reduce the cost of doing business in Africa by providing quality and exceptional services backed by an experienced maintenance team to enhance customer satisfaction,” said Isaac Kilongi Isaac, Quipbank’s Kisumu Branch Manager.

The firm was recently ranked in the KPMG Top 100 survey as the second best midsized company as well as the best firm in construction and infrastructure.

For further details and updates, please contact;

Jared Oundo,

Head of Corporate Affairs and Communications

VAELL Group/ Quipbank Trust Limited,

Email: jared.oundo@vaell.com,

Cell: +254 719408244/0780408244

 

ABOUT QUIPBANK TRUST LIMITED

Quipbank Trust Limited is an equipment bank which offers vehicles and equipment rental and sales options. It specializes in mining and construction equipment, agricultural equipment, automotive, trucks and trailers. It provides unique and creative solutions that meet clients’ expectations not only by realizing the business objectives but particularly by strict adherence to the ethical principles of equipment exchange.

Quipbank, the E. Africa’s largest equipment sharing platform, has partnered with leasing companies across the region to dispose and rent surplus good quality used equipment. It has also partnered with local and regional banks to rent equipment of distressed firms to enable debt mitigation. It stocks assets from leading brands to offer efficient output and reduce the cost of construction and development of Africa. Quipbank is best poised to provide the highest quality rental machines and offering exceptional maintenance services towards customer satisfaction. It has entered into agreements with international firms such as Faspol from Poland, Achelis, SREI from India, Atlas Copco from Sweden and South Africa’s Hydraform to display and sell equipment on their behalf.

http://www.quipbank.com/

 

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