STIMA, Mogo, & Bolt Form Partnership To Spread Electric Motorcycles In Kenya

admin

The motorcycle sector is now the biggest vehicle segment in Kenya. The number of motorcycles registered in 2021 was more than 1.5 times the number of motorcycles registered in 2018! This is impressive growth over the past 6 years. Motorcycle taxi riders, the largest user segment of motorcycles in the country, are constantly battling skyrocketing operations and maintenance costs of internal combustion engine motorcycles, leaving them with very little in terms of earnings and savings.

Electric motorcycles present an opportunity to reduce these costs and hence increase earnings and savings for players in the motorcycle sector. The motorcycle industry in

Read more

Motorcycles Are A Big Deal In Kenya, & Fika’s Plan To Electrify Them Is Progressing Well

admin

Motorcycles are a big deal in Kenya. 210,103 motorcycles were registered in 2019, bringing the total number of registered motorcycles since 1968 to over 1.6 million. Motorcycles are mainly used as public transport vehicles. These motorcycle taxis are popularly known as boda bodas. The motorcycle taxi industry is a vital segment of Kenya’s economy. These motorcycle taxi riders enable 22 million rides per day. Average daily earnings for the riders are close to 700 shillings ($6.60). Boda boda operators collect Sh980 million daily ($9.2 million) and the sector’s annual earnings are estimated at 357 billion shillings ($3.3 billion).

Despite playing

Read more