Nairobi, Kenya- 21 October 2026: SBM Bank Kenya has partnered with leading logistics firm Beyond Continents Logistics Limited in a USD 4.44 million deal aimed at unlocking regional supply chain bottlenecks and accelerating cross-border trade across East Africa.
The agreement has enabled Beyond Continents Logistics, a key importer and exporter managing USD 1.65 million in imports for Kenya, to acquire a brand-new fleet of 50 heavy-duty Shacman Prime Movers fitted with Bhachu trailers. This strategic move comes at a critical time when local and regional trade under the African Continental Free Trade Area (AfCFTA) requires robust physical logistics and modern, lowmaintenance transport infrastructure to handle rising import and export volumes.
Speaking during the flag-off ceremony, Eric Wambua, Director of Corporate & Institutional Banking at SBM Bank Kenya, emphasized the bank’s commitment to providing agile financial solutions that drive the logistics’ sector economic growth.
“Access to flexible asset financing remains a critical catalyst for scaling businesses in Kenya and the wider region. Our objective is to enable enterprise growth by offering financial solutions designed around business cash cycles. By providing flexible financing, sufficient repayment holiday, and structured extended terms, we are equipping key players with the capital efficiency needed to expand operations, meet growing trade demands, and keep East Africa’s economic engine moving.”
To facilitate the acquisition, SBM Bank Kenya structured a tailored SME Asset Finance solution anchored on an extended repayment period of up to 720 days and up to 100% financing for new units. The facility is further enhanced by comprehensive commercial vehicle insurance coverage spread over 10 months to optimize cash flow management for the logistics company.
Mr. Lawrence Ndushabandi at Beyond Continents Logistics Limited, said, “As international supply chains evolve and import-export volumes scale across local and regional markets, operational reliability is paramount. Adding 50 high-capacity Shacman Prime Movers with Bhachu trailers significantly elevates our haulage capacity and operational reliability.”
The transaction underscores SBM Bank Kenya’s robust financial trajectory and balance sheet strength to fund larg scale commercial transactions.
In its recent financial disclosures, profit before tax soared by 171.3% to KSh 548 million, while net profit after tax reached KSh 380.2 million. Operating profit nearly quadrupled, climbing 279% to KSh 852 million. The bank’s balance sheet also recorded substantial expansion, with customer deposits growing 24% to KSh 94 billion and net loans and advances rising 18% to KSh 54.1 billion, pushing total assets to KSh 109.9 billion.
Furthermore, asset quality improved significantly as the gross non-performing loan (NPL) ratio nearly halved to 17.3% from 32.4% in the previous period, while shareholders’ equity strengthened to KSh 11.1 billion. This financial standing positions SBM Bank Kenya to back ambitious enterprise growth across local, regional, and cross-border trade corridors.
