KCB Foundation in Sh38.7mn deal to promote the use of electric motorbikes - Capital Business
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From left, electric boda-boda passengers, UNITAR Representative, Pius Masinde, Director, Ministry of Industrialization, Stephene Oduor, KCB Group CEO, Paul Russo with Stima Boda CEO and Founder, Jason Gras during the E-mobility launch of electronic motorbikes at KCB Leadership Centre in Karen, Nairobi /COURTESY

Kenya

KCB Foundation in Sh38.7mn deal to promote the use of electric motorbikes

NAIROBI, Kenya, Oct 11 – KCB Foundation and the United Nations Institute for Training and Research(UNITAR) are set to invest Sh38.7million to promote the use of electric motorbikes by bodaboda riders in Kenya.

The pilot phase will kick off in Nairobi, Kajiado and Machakos counties, and will see 150 motorcycle riders onboarded into the programme.

The programme involves a user acceptance test, the establishment of a lending scheme for bodaboda riders, and providing skills training through 2Jiajiri, SACCOs, Associations, motorcycle dealers, and various government departments to support the transition to clean energy.

Speaking at the event, KCB CEO Paul Russo noted that the partnership with UNITAR is part of the multi-pronged approach by the Bank to work with like-minded partners to support poverty alleviation and job creation efforts in line with sustainable development needs.

“Through the e-mobility programme with UNITAR, we seek to make it possible for players in the transport sector to acquire electric motorbikes at an affordable rate and earn a living.,” Russo said.

According to the National Transport and Safety Authority, there were nearly 1.9 million registered motorcycles in Kenya as of 2018.

In 2021, NTSA registered 285,203 motorcycles compared to the 186,434 registered in 2017.

The sub-sector provides more than one million direct jobs for riders who earn roughly less than USD10 a day. This translates to roughly Ksh60 billion yearly in government revenue through taxes, levies and other charges.

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