- Asset Financier Watu Welcomes Kenya E-Mobility Policy Launch;
Watu has welcomed the launch of the Kenya E-Mobility Policy, 2026, describing it as a pivotal step that strengthens Kenya’s transition to clean, affordable, and scalable electric mobility.
The policy marks a decisive moment for Kenya’s transport and energy transition, providing a clear framework to reduce emissions, improve urban air quality, and unlock new economic opportunities across the e-mobility value chain.
By accelerating the shift away from fossil fuels, it lowers transport costs and strengthens long-term energy resilience.
Speaking at the policy launch, Watu Kenya Country Manager Erick Massawe lauded the policy as a critical enabler for scaling electric mobility in Kenya and positioning the country as a regional leader in clean transport innovation.
“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.
For asset financiers like Watu, this policy strengthens our ability to deploy capital at scale, support entrepreneurs, and help build a viable electric mobility ecosystem in Kenya and across our African markets.”
He added that Watu’s approach to e-mobility is anchored in long-term sustainability and inclusive growth.
“At Watu, sustainability is embedded in how we finance, deploy, and scale mobility solutions.By combining responsible financing with strong operational partnerships, we aim to ensure electric mobility is not only environmentally sound, but commercially viable and accessible to the people who rely on it for their livelihoods.”
Watu’s leadership in electric mobility financing is already translating into measurable impact. In 2024 alone, the company financed 2,193 electric vehicles, a 108 per cent increase from 2023, resulting in an estimated avoidance of 5,483 tonnes of CO₂e emissions.
This momentum underscores the growing viability and adoption of electric-powered vehicles, and the critical role of innovative financing in accelerating the transition.
As Kenya begins implementing the E-Mobility Policy, Watu reaffirmed its commitment to working closely with government, industry partners, and local communities to scale electric mobility solutions that are affordable, reliable, and built for long-term impact.
