NCBA Bank has taken a bold step toward fostering sustainability by installing five electric vehicle (EV) charging stations across the East African region in 2024. This initiative reflects the bank’s commitment to promoting environmentally friendly transportation and advancing its “Change the Story” campaign aimed at embedding green practices into its operations.
The new EV charging stations have been strategically located at NCBA’s headquarters:
- NCBA Center and NCBA House in Nairobi, Kenya
- NCBA headquarters in Kigali, Rwanda
This project was made possible through a partnership with EvChaja, a leading provider of EV charging infrastructure in East Africa. By deploying these facilities, NCBA positions itself as a trailblazer in integrating sustainable practices within the banking sector.
NCBA’s efforts to encourage EV adoption are not new. In 2023, the bank launched a KES 2 billion fund to support customers looking to purchase personal and public electric vehicles.
“This shift towards greener transportation promises not only a cleaner environment but also job creation, skills development, and modernization of Kenyan industries,” said John Gachora, NCBA Group CEO.
The bank also invested in two hybrid electric vehicles (HEVs) from CFAO Mobility Kenya earlier this year, further underscoring its commitment to sustainable mobility.
Transportation is a significant contributor to global carbon emissions, making the promotion of EVs a practical solution to addressing climate change. By installing EV charging stations and financing sustainable transportation, NCBA is contributing to:
- Reduced Carbon Footprint: Facilitating a transition from fossil fuel vehicles to electric options.
- Increased EV Adoption: The availability of charging infrastructure is a key factor in encouraging consumers to make the switch.
These measures align with global efforts to reduce reliance on fossil fuels and move toward cleaner energy solutions.
NCBA’s “Change the Story” campaign emphasizes integrating environmentally friendly practices across all aspects of its operations. From its Nairobi headquarters to its Rwanda branches, the campaign serves as a blueprint for other financial institutions looking to implement green strategies.
The initiative includes:
- Promoting EV adoption through financing and infrastructure.
- Encouraging sustainable energy practices within the bank’s facilities.
- Partnering with stakeholders to foster regional environmental change.
As electric vehicles gain traction in East Africa, NCBA’s actions underscore the role of corporate responsibility in driving environmental progress. By championing EV infrastructure and financing, NCBA demonstrates that financial institutions can play a critical role in achieving sustainability goals.
NCBA’s investment in EV charging stations and sustainable practices highlights the intersection of business innovation and environmental stewardship. As more organizations adopt similar initiatives, the region is poised to make significant strides toward a cleaner, greener future.
Discover more from Techspace Africa
Subscribe to get the latest posts sent to your email.