Market News

  • Kenya Power plans to convert its 2,000 vehicles to electric

    Posted on :Monday , 27th February 2023

    Kenya Power, the country's main power distributor, plans to convert 2,000 petrol and diesel-powered cars to electric during the next four years.

     

    The effort is part of a growing trend in the East African economy to use the ample energy supply from renewable sources to convert automobile and motorbike engines from fossil fuels to electric.

     

    The effort is part . . .

  • East Africa automobile imports from new dealers are doubled

    Posted on :Monday , 27th February 2023

    Kenyan new car dealers increased their shipments to the regional market last year, demonstrating their ability to serve neighbouring nations.

     

    The businesses Isuzu East Africa and Scania East Africa lead sold 387 units in total to the outside markets in the fiscal year that ended in December, according to data from the Kenya Motor Vehicle Industry Association (KMI). This was u. . .

  • Ampersand will deploy 600,000 electric motorcycles in East Africa by 2030

    Posted on :Thursday , 26th January 2023

    Mobility startup Ampersand wishes to expedite the development of electric mobility in East Africa. To that purpose, the business has announced the deployment of 600,000 electric motorcycles over the next six months. The two-wheelers will first be utilised in Kigali, Rwanda, where the firm is situated, as well as Nairobi, Kenya, and Kampala, Uganda.

     

    Ampersand already boasts 35. . .

  • Kenyan government plans to build highway car charging stations

    Posted on :Thursday , 26th January 2023

    The Kenyan government will build electric vehicle charging infrastructure in all urban areas and along the highways from the next financial year as it hopes to supplement the private sector’s bid to accelerate e-mobility.

     

    Njuguna Ndung'u, Treasury Cabinet Secretary, said the government would boost national connectivity through road, rail, port, energy, and fiber-optic i. . .

  • Equator Mobility, an EV leasing company, is expanding in Kenya

    Posted on :Monday , 26th December 2022

    Equator Mobility, formerly META Electric, is expanding its activities in Kenya with the goal of quickening the shift to electric mobility. It began operations last year with the introduction of a B2B leasing programme with the possibility of direct sales for commercial electric cars, seed-funded by Maris Ltd, an Africa-focused investment firm. Lease terms range from 6 to 12 months.

     . . .

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