Nairobi – East Africa’s largest equipment-sharing platform, Quipbank Trust Limited, has signed a partnership with Iranian automobile manufacturers, Zamyad Company and Iran’s second-largest car manufacturer, Saipa. The arrangement will see the equipment renter become the dealer for various units including Gas Powered Pickups and
distributor for the hybrid Light Commercial Vehicles which are CNG and LPG gas-powered and electrical vehicles. These Gas-powered pickups are durable, sleek, and highly efficient. Compared to Diesel and Petrol-powered models, gas is a lot more affordable and therefore guarantees to save clients greatly on expenses an agreement was reached when the parties signed a deal at the state house in Nairobi Kenya, to cater to the increasing demand for vehicles to
boost sales rates. As part of the agreement between the firms, the equipment renter has also entered into a partnership to get electric vehicles (EVs) from Iran’s second-largest car manufacturer, Saipa.

This distribution agreement is an exclusive agreement for dispensing at least 1000 units of various models of vehicles manufactured by the Iranian firm which now has presence in four continents including Africa through
Kenya. This comes two months after the two firms signed a cooperation agreement in Nairobi with the top management of the two firms. The Kenyan Iranian ambassador attached in Kenya Jafar Barmaki, played a
key role in the agreement.

“The dealership is to support operations of the auto manufactures within the region
utilizing our experience and expertise that spans for decades. The strong vehicles from Zamyad will help many citizens, especially in the rural areas that need such strong vehicles to withstand rough, bumpy and unleveled terrains. These vehicles are all-terrain and will help a lot, especially during the rainy seasons,” said Mr. Paul Njeru,
Regional Managing Director regional the equipment renter.

In a statement sent to the newsroom, the equipment renter management said that they will purchase, market, promote and re-sell the firm’s Light Commercial Vehicles as per the agreement as Kenya and Iran betters diplomatic relations. The President of the Islamic Republic of Iran, Sayyid Ebrahim Raisi, arrived in Kenya and was received by President William Ruto at Statehouse Nairobi where the bilateral talks were held.

According to the vice chairperson of the board of Iranian-based auto dealer, Mr. Seyed Mohsen Mortazavi, the pickups are very affordable, and cost-effective because they use gas, compared to other diesel- and petrol-powered models, using gas is more affordable and despite the assumptions a lot safer too. This makes the vehicles
environmentally friendly because they utilize greener energy to reduce carbon emissions. We look forward to working together with Quipbank Trust Ltd and hope for a fruitful partnership between our two countries that
is Iran and Kenya.

Zamayad has received various awards including, Champion of the automotive industry among others while the equipment sharing platform on the other hand has also received several awards including the Prestigious International Award dubbed Pacesetters Awards Africa Pacesetters Award (PSA) which is an annual Industry
leadership Recognition program organized by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate key industry leaders for their innovation, quality products, and service delivery, job creation,
exemplary leadership, growing the economy, and transforming the society. It was recognized as Pacesetter the regional equipment sharing platform of the year in the just concluded Eastern Africa chapter of the awards and last
year as the Pacesetter in Electrical and Solar Vehicles.

“We are happy to be associated with Quipbank, who have a reputation for excellence and professionalism – values that we emphasize in our delivery of service,” added the CEO of the Automobile Manufacturer.

President William Ruto has announced plans by Zamyad to set up a motor vehicle assembly plant in Mombasa. Speaking on Wednesday, Ruto said the plant will manufacture native Iranian vehicle models. He said the vehicles
have been given the Swahili name ‘Kifaru’. The announcement was made during an address alongside Iranian President Ebrahim Raisi, Zamyad, equipment renting firm Management among other dignitaries at State House, Nairobi.

The equipment renter says that these vehicles will reduce the losses incurred by businessmen while transporting their cargo from one location to the other. With advent of ‘Kifaru’, it is expected the cost of transporting goods will come down with at least 30% and therefore the cost of goods and living to also come down especially this time when the economy is facing various challenges.

“With ‘Kifaru’ we expect to ease the cost of doing business. A majority of the roads in Kenya are in sorry states and very bumpy. When you drive on these roads, you feel like you are dancing because you sometimes jump up and
down in a rhythmic manner which is not a fun thing if it happens unintentionally. Such roads hurt the economy and that is why we came with these products to ease transportation of goods across the country. These vehicles are able to withstand such roads,” said Mr. Njeru.