Asset financier Watu has welcomed the launch of Kenya’s E-Mobility Policy 2026. The company describes it as a major milestone in the country’s push toward clean, affordable and scalable electric mobility.
The policy provides a national framework to accelerate the shift from fossil-fuel vehicles to electric alternatives. It has goals of reducing emissions, improving urban air quality and creating new opportunities across the e-mobility value chain.
Speaking at the launch, Watu Kenya Country Manager Erick Massawe said the policy brings much-needed clarity and momentum to the electric vehicle (EV) sector.
“The Kenya E-Mobility Policy is a game-changer for the industry. It provides the clarity and momentum needed to scale electric vehicle adoption, unlock new value chains, and accelerate the transition to clean energy,” Massawe said.
For Watu, which focuses on asset-backed financing for mobility and productive assets, the policy strengthens its ability to deploy capital into the EV ecosystem at scale.
“For asset financiers like Watu, this policy strengthens our ability to support entrepreneurs and help build a viable electric mobility ecosystem in Kenya and across our African markets,” he added.
Watu says its approach to e-mobility is built around sustainability and inclusive growth, with a focus on making electric mobility both commercially viable and accessible to people who rely on transport for their livelihoods.
“By combining responsible financing with strong operational partnerships, we aim to ensure electric mobility is not only environmentally sound, but also practical and affordable,” Massawe noted.
The company’s EV financing efforts are already showing impact. In 2024, Watu financed 2,193 electric vehicles and this helped avoid an estimated 5,483 tonnes of CO₂e emissions.
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