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NAIROBI: Vehicle and Equipment Leasing Ltd (Vaell) has announced Sh1 billion lease partnership with Co-operative Bank of Kenya. The funds will be utilised to service the Government Police Vehicle Leasing Project, through a financing arrangement known as "Wholesale Leasing".
The product allows equipment dealers to negotiate lease deals for their clients through an independent leasing firm who tie up a tripartite arrangement between the dealer, client and bank financing partner(s).
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