T
Originally published by The Standard Business
📰 Read Full Article
September 23, 2025
3h ago

The missing link in push for electric bikes' uptake

The missing link in push for electric bikes' uptake

An electric boda boda operator makes Sh300 more than an average rider...

✨ Key Highlights

Despite a push for electric motorcycle adoption in Kenya, the idea is still novel, particularly in public transport, even though recent data claims electric boda boda operators make significantly more profit than those using petrol-powered bikes. Asset financiers like Watu Credit are scaling down financing for petrol-powered motorcycles and expanding their electric vehicle portfolios, aiming for 5,000 electric vehicles by 2025.

  • An electric boda boda operator can make KSh 300 more daily, with a 75% reduction in expenses compared to petrol riders.
  • Watu Credit financed 2,193 electric bikes in 2024, an increase of 108% from 2023.
  • Challenges include lack of awareness, insufficient charging infrastructure, high insurance premiums, and prohibitive interest rates.
  • The boda boda sector contributes an estimated KSh 660 billion annually to Kenya's GDP and employs over 2.5 million people.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News