The Leasing Association of Kenya

What The Leasing Association of Kenya does

The Leasing Association of Kenya (LAK) is a private, Nairobi-headquartered industry association founded in 2003 (originally as the East, Central & Southern Africa Leasing Association, renamed in 2007) that serves as the umbrella body for asset finance and leasing practitioners in Kenya. Its members span the full leasing ecosystem — commercial banks (KCB, Equity Bank, Stanbic Bank, ABSA, DTB, Coop Bank), independent leasing companies (Lemik, Milvus, Efken, Rentco, Kingdom Leasing, etc.), motor vehicle and equipment dealers (Simba Corp, CFAO, Isuzu, Scania, Subaru), insurance firms (Minet), microfinance institutions, credit reference bureaus, and emerging electric mobility operators (BasiGo, Electric Transits Africa).

LAK operates as an association limited by guarantee and generates revenue primarily through annual membership subscriptions priced in three tiers: Full Members at KES 75,000, Associate Members at KES 37,500, and Individual Members at KES 15,000. Beyond dues, it monetizes via member-paid training programs (e.g., IFRS 16/IAS 16 Lessor Accounting, ICPAK Accounting for Leases, Mastering Leasing Taxation), publication sales (the World Leasing Yearbook, 'Leasing as a Game Changer 2.0', e-newsletter), and event fees for forums such as the Lease Convention, Breakfast Meetings, Business Research Sessions, and the AGM.

The association's core products and services include the Code of Conduct, module-based professional training, industry forums, business confidence surveys, and regulatory advocacy. LAK has a documented record of influencing Kenyan leasing regulation, including the removal of withholding tax on lease rentals (previously 15%), clarification of 'Commercial' vehicle definitions, and removal of Kenya Revenue Authority approval requirements at end-of-lease. It is governed by a board chaired by Oscar Saina, with Johan Taljaard as Vice Chairman & Treasurer and Lucy Murage as Secretary. The go-to-market is community-led — prospective members download registration forms from lak.co.ke and submit directly — and the association leverages events, publications, and member referrals to grow its roster.

Name

The Leasing Association of Kenya

Legal name

Leasing Association of Kenya

Website

https://lak.co.ke

Company type

Private

Founded year

2003

Operating status

Operating

Short description

The Leasing Association of Kenya is a Nairobi-based industry association founded in 2003 that serves as the umbrella body for asset finance and leasing practitioners in Kenya, representing banks, independent lessors, vehicle and equipment dealers, insurers, and emerging electric mobility firms through membership dues, training, publications, and regulatory advocacy.

Ownership category

akta.pro rank

Product category

Trade Association Services

NAICS

Rental and Leasing Services (532), Passenger Car Leasing (532112)

SIC

Services-Membership Organizations (8600), Finance Lessors (6172)

akta.pro industry

PRIMARYFSAKANAL

Lease Servicing, Management & Remarketing (Consumer)

Financial & Insurance/Lending & Consumer Finance/Consumer Leasing (Non-mortgage)

SECONDARYFSAKADAC

Leasing & Lease Buyout Financing

Financial & Insurance/Lending & Consumer Finance/Auto Lending & Vehicle Finance

SECONDARYFSAKANAK

Subscription & Product-as-a-Service Consumer Leasing

Financial & Insurance/Lending & Consumer Finance/Consumer Leasing (Non-mortgage)

Keywords

• Leasing association
• Asset finance
• Industry membership
• Leasing advocacy
• Professional training

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: LAK generates revenue through annual membership subscriptions paid by various categories of members including Full Members (KES 75,000), Associate Members (KES 37,500), and Individual Members (KES 15,000). These subscriptions fund the association's operations, advocacy activities, training programs, and industry events.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

The Leasing Association of Kenya is a non-profit industry association that serves as the umbrella body for asset finance and leasing practitioners in Kenya. It delivers membership services, professional training programs, industry publications, a self-regulatory Code of Conduct, and CEO networking forums targeted at lessors, banks, motor vehicle dealers, microfinance institutions, and professional firms operating in the Kenyan leasing market.

Product overview

The Leasing Association of Kenya (LAK) is an industry association, not a product company. It operates as an umbrella body for asset finance and leasing practitioners in Kenya. Rather than a unified platform product, LAK's portfolio consists of member services including publications (World Leasing Yearbook, Leasing as a Game Changer 2.0, E-Newsletter), professional training programs, industry forums, and networking events. LAK also provides standards documents such as the Code of Conduct and regulatory resources. The association advocates for regulatory reforms, offers capacity building for lease professionals, and facilitates knowledge sharing among independent leasing companies, banks, insurance firms, and equipment dealers.

Differentiator

Problem solved

Functional benefit

Products and services

• World Leasing Yearbook 2024 Annual reference publication on the global and African leasing industry, distributed by LAK to members, leasing professionals, and stakeholders needing market data and trends.
• Leasing as a Game Changer 2.0 LAK-published handbook explaining the role and value of leasing in Kenya, targeted at practitioners, regulators, and member firms.
• LAK Code of Conduct Self-regulatory standards document issued by LAK to set ethical and professional benchmarks for member leasing firms operating in Kenya.
• Module-Based Training Programs Structured professional training delivered in modules for leasing and asset finance practitioners, covering topics relevant to the Kenyan leasing industry. Aimed at member firms' staff and individual professionals seeking continuous learning.
• LAK Membership Tiers (Full, Associate, Individual) Subscription-based membership of The Leasing Association of Kenya offered at three tiers: Full Member (KES 75,000/year) for corporate lessors, banks and dealers; Associate Member (KES 37,500/year) for microfinance and professional firms; and Individual Member (KES 15,000/year) for personal professional subscribers.

Named customers29 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• The Alta GroupcoreStrategic or Co-development Partner · 1 January 2024The Alta Group organized the 4th Lease Conference in Dubai on 13th & 14th November 2024, which LAK directors and members attended. LAK has partnered with The Alta Group for lease conferences and has published 'Leasing as a Game Changer 2.0' developed by The Alta Group.
• Association of Kenya Credit Providers (AKCP)coreStrategic or Co-development Partner · 1 January 2013LAK established a working relationship with AKCP in 2013. AKCP was registered in April 2013 to promote credit information sharing in Kenya by all credit providers while promoting consumer protection best practices. AKCP members include commercial banks, microfinance institutions, Higher Education Loans Board, asset finance and leasing companies, SACCO's, utility companies, insurance companies, hospitals, consumer retailers, etc. This partnership enables collaboration on credit information sharing in the leasing sector.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Asian Leasing Association: Regional umbrella body representing leasing practitioners across Asia. Directly comparable to LAK as a multi-country industry association providing networking, research publications, and member services in emerging leasing markets.
• National Association of Equipment Leasing Businesses (NAELB): US trade association focused on the equipment leasing brokerage community. Comparable to LAK in serving equipment finance intermediaries with training, networking, and code-of-conduct standards.
• Australian Finance Industry Association (AFIA): Australian peak industry body for the asset finance, consumer leasing, and commercial finance sectors. Directly comparable as a national membership organization delivering advocacy, training, and industry data for leasing practitioners.
• Equipment Leasing and Finance Association (ELFA): The largest US trade association for the equipment finance and leasing industry. Directly comparable to LAK as a membership-based umbrella body advocating for lessors, funders, and service providers, with a similar mandate of industry standards, training, and regulatory engagement.
• Leaseurope (Eurofinas): European trade association representing the leasing, consumer credit, and consumer finance industries. Directly comparable as a regional umbrella body providing advocacy, market intelligence (similar to LAK's World Leasing Yearbook distribution), and industry codes of conduct.

Broad incumbents

• The Alta Group: Global consultancy specializing in leasing and asset finance strategy. While not a peer trade association, Alta is a strategic partner to LAK and serves a similar ecosystem of lessors globally with research (e.g., 'Leasing as a Game Changer 2.0') and conferences.

Regional players

• Indian Leasing Association: Industry body representing leasing companies in India. Comparable to LAK as an emerging-market national trade association focused on industry advocacy, training, and regulatory engagement for asset finance practitioners.
• Association of Kenya Credit Providers (AKCP): Kenyan sister association representing credit providers (banks, microfinance, asset finance). LAK formally partnered with AKCP in 2013 for credit information sharing, and the two operate in adjacent Kenyan financial-services trade-body spaces with overlapping membership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/leasing_kenya
• Facebookfacebook.com/leasingassociationofkenya

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Leasing Association of Kenya