Kenya's Stanbic Bank signed an import financing deal with two vehicle importers

Posted on :Monday , 28th March 2022

MHH International Limited and World Navi Company Limited, two motor vehicle importers in Kenya, have formed an import finance cooperation with Stanbic Bank Kenya.

With the signing of the agreement, consumers will get up to 80% financing from Stanbic Bank, with a 20% deposit paid to the importers and a payment period of up to four years.

"Stanbic Bank intend. . .

Startups are targeting Kenya as an African EV powerhouse

Posted on :Wednesday , 23rd February 2022

Many e-mobility businesses have set up shop in Kenya to try to get electric vehicles on Kenyan roads, potentially turning the country into a regional centre for EVs.

Working to alter areas such as public transit, motorbikes, and taxis, the firms want to leverage on Kenya's position as a worldwide leader in renewable energy, widespread technology adoption, and the government's. . .

Nairobi based Car & General enters the electric car market

Posted on :Thursday , 27th January 2022

Car and General (C&G) will begin selling electric vehicles and tuk-tuks as part of a strategy to expand into the 'green' mobility market, which is projected to increase in response to efforts to combat climate change and pollution.

For decades, the Nairobi Securities Exchange-listed company has sold motorbikes and three-wheelers with internal combustion engines as part of. . .

Plans Underway to Introduce All-Electric Cars in the Nation says Kenya Power

Posted on :Thursday , 27th January 2022

Kenya Power claims that the country's innovative ambitions to enter into the all-electric car industry are well underway.

Acting Managing Director Rosemary Oduor of the utility corporation said the government is closely monitoring the situation in order to make it easy for those who want to buy electric vehicles in the nation.

"Kenya Power, the country's el. . .

Uber Partners with Opibus to Offer Electric Motorcycles in Kenya

Posted on :Tuesday , 28th December 2021

Uber Kenya has revealed fresh ambitions to include electric motorbikes in its ridesharing service. To do this, the startup located in the United States is collaborating with electric car manufacturer Opibus. However, no timetable was provided for when the corporation plans to implement this initiative.

However, the need for cleaner transportation, particularly in Kenya's expa. . .