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NBK, Davis & Shirtliff Partner to Provide Sustainable Water Financing Solution

National Bank of Kenya and Davis & Shirtliff have partnered to offer sustainable credit financing to individuals, Micro, Small & Medium Enterprises, and Community Based Organizations seeking to buy water equipment and solar systems.

Under the partnership, the National Bank of Kenya will extend credit to the customers to acquire water equipment, solar panels, solar back-ups, and solar water heaters from Davis & Shirtliff at discounted rates and flexible payments. On the other handIn addition, Davis & Shirtliff will offer discounts to NBK customers, on all D&S the products. under this portfolio.

Speaking during the MOU signing, NBK Managing Director Paul Russo said the partnership is aligned with the bank’s Green Finance Initiative for Water in Kenya, and will facilitate access to clean water and renewable energy.

“We are excited to partner with a leading provider of water and solar system solutions in the country. We believe this partnership will benefit our customers to access clean water whilst enabling us to contribute to environmental protection by scaling access to renewable energy,” Mr. Russo said.

The National Bank of Kenya’s Jenga Biashara product offers flexible access to credit for clients who need to acquire water-related equipment and solar panels under Energy for Water program.

Davis & Shirtliff CEO David Gatende added “Water and sanitation MSMEs must continue operating and expanding their reach to safeguard access to essential services for millions of Kenyans, especially people living in densely populated informal settlements in Kenya. This partnership will provide the Water Service Providers with access to affordable and accommodating financing from National Bank of Kenya, to purchase water infrastructure from Davis & Shirtliff at a subsidized rate.,” said Davis & Shirtliff CEO David Gatende.

National Bank of Kenya has specialized in providing timely and efficient financial services to clients through enhanced saving plans and affordable quality credit products thus empowering them economically and socially.

The partnership will also see existing Davis & Shirtliff customers benefit from an additional 5% discount on all purchases and flexible payment terms from NBK including 1% discount on processing fees.

About National Bank of Kenya Ltd.
National Bank is a subsidiary of KCB Group Plc and a fully-fledged Commercial Bank established to provide Kenyans access to finance. The Bank has a growing network of 85 branch outlets across the country, over 1,500 ATMs and electronic channels of Mobile and Internet Banking. National Bank participates in Corporate Banking, Business Banking, Retail Banking and Islamic Banking with an extensive portfolio of products and financial solutions tailored for the requirements of a broad spectrum of customer segments it serves.

About Davis & Shirtliff
The Davis & Shirtliff Group is the leading supplier of water related equipment in the East African region. Founded in 1946, business activities are focused on seven principal product sectors - Water Pumps, Boreholes, Swimming Pools, Water Treatment, Generators, Solar and Irrigation. The group is Kenyan- based and operates through a network of nearly fifty branches in Kenya, subsidiaries in - Uganda, Tanzania, Zambia, Rwanda, South Sudan, DRC, Zimbabwe, and partnerships in Ethiopia and West Africa.

Davis & Shirtliff regionally distributes high quality equipment sourced from industry leading companies from around the world, with a focus on the high quality and affordable Dayliff brand, as well as carrying out manufacture and assembly of various water related products. With a total complement of nearly one thousand highly trained and professional staff, particular emphasis has been placed on infrastructure investment and the company is extremely well resourced with modern office facilities, a fully integrated ICT network and large product and spare parts stocks. The Nairobi headquarters has manufacturing, training and administrative facilities and an extensive distribution centre at Tatu City from where products are efficiently distributed by the company's own fleet of trucks.cover an area of 10,000m² with extensive warehousing, manufacturing, training and administrative facilities from where products are efficiently distributed by the company's own fleet of trucks. The company is also ISO 9001:2015 certified to demonstrate the quality focus.

Recognising that the provision of efficient water supply is essential for the region's economic development, Davis & Shirtliff is committed to playing a major role in this vital industry by offering a comprehensive and competitive product range with regional availability and unrivalled technical and service support. Davis and Shirtliff is conscious of its environmental footprint, supports social impact through the Improving Lives Initiative and ensures compliance on matters of governance.