Kenya: KCB Foundation in Sh38.7 Million Deal to Promote the Use of Electric Motorbikes

11 October 2022
Capital FM (Nairobi)
By Susan Nyawira

Nairobi — 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.

Read the original article on Capital FM.

Tagged:
Copyright © 2022 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.