Vehicle and Equipment Leasing Limited (VAELL) was recognised with an award in Automotive Leasing Category by the prestigious Automotive Industry Excellence Awards.
In an event organised by Digital Events Limited held at Movenpick Hotel, a lot of industry and corporate leaders in various categories who have built reputable brands in the market were also recognised.
The winners were competitively chosen through a thorough process which partly involved a public vote and a panel of judges.
According to NTSA reports, over the last decade, the automotive industry in Kenya has been on an exponential rise, the Automotive Industry Excellence Awards are meant to recognize and celebrate the key players in various realms of the sector who have over the years achieved outstanding results in their niche, have positively impacted the lives of their clients and have played a significant role in catalyzing the industry growth.
“We were recognized because we understand fluctuating business environment and we have come up with various products to suit different clients,” VAELL Kenya’s managing director Bertha Mvati said.
The recognition in the awards by the regional market leader was a great effort to recognize the efforts that they have put in place towards service delivery in the leasing industry. It will, further greatly enhance their goodwill when relating with the current and potential clients.
It comes months after the lessor was admitted by the Nairobi Securities Exchange (NSE) in their premium accelerator program dubbed IBUKA. After successful incubation, VAELL will list fully with the local market bourse to trade their shares in the public.
The Naivasha- headquartered lessor has established themselves as the premiere leasing firm with wide presence in Kenya and branches in Tanzania, Uganda, Zambia. According to their website, the company is further planning to exploit other countries by setting foot in Ethiopia and Zambia.