Fri. Aug 14th, 2020

BUSINESS TODAY AFRICA

Aligning Results

Quipbank spreads its wings to Mombasa to ease access to machinery

3 min read

Quipbank Trust Limited, equipment sharing platform, has opened Mombasa branch in line with its expansion strategy announced early this year. In February, the equipment renter said that it will open hubs in the 47 counties in the next three years to ease access to machinery and farm implements for farmers and SMEs. The Mombasa outlet adds to its Nairobi, Kisumu, Narok, Naivasha and Meru among other branches. The firm said in a statement sent to the newsroom that preparations are also underway to have Kisii, Bomet and Garissa branches before they move to other counties. The equipment bank also has subsidiaries in Uganda and Tanzania. The coastal branch will enhance its presence along the coastal strip as well as coordinating operations in the neighboring countries.

Quipbank Trust Limited offices on Mombasa Road
Quipbank Trust Limited offices on Mombasa Road

Speaking in the ocean capital, Quipbank’s Mombasa Branch Manager, Anthony Maina said that this branch will help in supporting farmers and small scale traders in the region to access at least 50 different types of equipment ranging from construction, farming and mining among others. He added that construction companies and related industries can take advantage of the availability of the various variety of machineries such as excavators and a wheel loader to speed up the development in that economic block. This will see the coast have its first tractor hub. The region population has rapidly been growing as per the 2019 census report without adequate infrastructure.

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Being a tourism hub as well as being the point of transit for imports and exports, the coastal strip is critical to Kenya’s economy. It is for this reason the government has fast-tracked an impressive portfolio of infrastructure projects aimed at improving the overall quality of the road network in the region. This will substantially ease traffic congestion and improve connectivity within the region.

VAELL QUIPBANK J

“We opted to proceed with our initial plans and stick to our calendar despite the coronavirus pandemic. What we know is that coronavirus will be here for quite a while and life has to move on. We have to keep on serving our clients, creating more job opportunities and building the economy especially at this time where there is need for economic and social reorganization. This move was necessitated by the various requests we have been receiving from the region,” said Anthony Maina.

For further details and updates, please contact;

Jared Oundo,

Head of Corporate Affairs and Communications

VAELL GROUP/ QUIPBANK TRUST,

Email: jared.oundo@vaell.com ,

Cell: +254 719408244/ +254 101474889

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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