Watu Backs Kenya’s New E-Mobility Policy as Catalyst for EV Financing and Clean Transport Growth

Asset financier Watu has welcomed Kenya’s new E-Mobility Policy, calling it a game-changer for EV adoption, financing, and clean transport innovation in the country...

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Watu, an asset financier, has lauded Kenya's new E-Mobility Policy 2026 as a significant step towards clean, affordable, and scalable electric mobility in the country. The policy aims to accelerate the transition from fossil-fuel vehicles, reduce emissions, improve urban air quality, and create new opportunities within the e-mobility value chain.

Watu financed 2,193 electric vehicles in 2024, avoiding an estimated 5,483 tonnes of CO₂e emissions.
Country Manager Erick Massawe stated the policy "provides the clarity and momentum needed to scale electric vehicle adoption."
The policy strengthens Watu's ability to deploy capital into the EV ecosystem, emphasizing sustainable and inclusive growth by making electric mobility commercially viable and accessible for individuals relying on transport for livelihoods.

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