The financial landscape in Kenya has long been defined by stability and scale, a pursuit epitomized by the 2019 merger that birthed NCBA Group Plc. Formed from the union of NIC Bank and the Commercial Bank of Africa (CBA), NCBA instantly solidified its position as a top-five player, leveraging a combined asset base and digital strength (including platforms like Loop and Nipah). Having achieved remarkable growth—doubling its assets to over KSh 600 billion by Q1 2025 and sustaining a Return on Average Equity (ROAE) above 20%—NCBA is now turning its formidable focus to a sector historically underserved and misunderstood by traditional finance: the creative economy.
The Landmark Partnership: NCBA Powers ELEV8 LIVE Studio
In a game-changing move announced in late August this year, NCBA Bank formalized a landmark partnership with one of Kenya’s most influential music entrepreneurs, Motif Di Don. Motif’s existing ELEV8 Africa initiative, a grassroots mentorship program for emerging artists, has now evolved into the ELEV8 LIVE Studio powered by NCBA.
The producer’s role is vital: providing the creative direction, industry knowledge, and cultural currency necessary to bridge the gap between bank and artist. NCBA, in turn, provides the essential financial sponsorship and infrastructure. The partnership’s core objective is ambitious: to discover, mentor, and financially empower approximately 500 young Kenyan talents annually, offering a formalized pathway out of the funding vacuum that plagues the creative sector.
The ELEV8 LIVE Studio, established as a creative hub in Nairobi, is positioned as a direct “game-changer” for Kenya’s estimated KSh 110 billion creative economy, providing not just a space for production and showcases, but a direct link to financial inclusion.
The Financial Revolution: Redefining Collateral with ‘Talent Banking’
The true innovation of the NCBA-Motif partnership lies in the rollout of specialized financial products, marking NCBA’s pioneering entry into “Talent Banking.” For decades, creatives have struggled to access capital because they lack the traditional 3 Cs of lending: capacity, character, and collateral (like land or property). NCBA is fundamentally changing this equation.
The bank is moving to recognize an artist’s Intellectual Property (IP),specifically their music catalogs and streaming royalties,as viable collateral. This strategy could potentially unlock up to KSh 1 trillion in previously untapped economic value across Africa’s creative sector.
Core Financial Products for Creatives:
* Royalty-Based Loans: These are perhaps the most revolutionary product. Artists can access credit, starting at figures like KSh 100,000, with the loan repayment tied directly to their predictable future earnings from Digital Streaming Platforms (DSPs) such as Spotify. This converts future revenue into immediate working capital.
* Mentorship-Linked Financing: These are bundled financial solutions for ELEV8 participants, combining flexible credit for equipment financing (e.g., studio gear) and marketing grants with essential business training and zero-fee accounts. This holistic approach is designed to build the artist’s financial literacy alongside their career.
* Creative Economy Overdraft/Working Capital: Tailored solutions providing flexible terms for freelancers, including musicians and filmmakers. This is integrated with NCBA’s digital wallet, Nipah, facilitating easier management of gig-based payments and income flow.
Future Outlook: A Blueprint for the African Creative Economy
By integrating financing with mentorship and creative development, NCBA and Motif the Don are setting a new standard. The initial pilots, which are actively testing the music-as-collateral model, are a crucial step toward creating a formally financed, sustainable, and professionalized creative industry.
NCBA’s commitment extends beyond music, with plans to expand this innovative model to the film and visual arts sectors by 2026. This initiative aligns perfectly with national economic goals, cementing NCBA’s position not just as a successful post-merger institution, but as a proactive pioneer building a blueprint for ‘Talent Banking’ across the entire continent. The partnership is a clear signal: the African creative economy is no longer just a cultural force, but a powerful, bankable economic asset.
Written by Otieno Arudo
In the music highlighted this week , romance seems to be on the mind of the artists with them exploring the tension that comes from being unsure in the face of unrequited love. Nikita Kering' unites with Vic West and a whole ensemble to put out an Afro house song that is rich in production techniques to show the tension of love but the narrative ends without a major decision […]
