Headlines
- NCBA and BasiGo Partner to Accelerate Electric Vehicle Adoption in Kenya.
- Kenya’s Local Vehicle Assembly Sector Gains Momentum as Demand for New Cars Grows.
- Kenya–Japan Vehicle Manufacturing Partnership Strengthens Industrial Growth.
- Simba Corp Invests $7.7 Million in Kenya EV Assembly Line to Expand Local Production.
- Tanzania’s Vehicle Imports Surge to Sh352 Billion in Q1 2026 as Demand for Fuel-Efficient Cars Grows.
- NCBA Unveils Kenya’s Most Attractive EV Financing Deal as Electric Vehicle Adoption Accelerates.
- Kenya’s Auto Import Sector Sees Quality Boost with Cars Kenya’s ISO Milestone.
- Africa is pushing for electric vans made from Chinese EV kits, with Nigeria and Kenya at the forefront.
- Roam Establishes an Electric Motorcycle and Tuk-Tuk Charging Network in Kenya.
- The TVS Apache RTR 180 is Introduced in Kenya by TVS Motor Company
NCBA and BasiGo Partner to Accelerate Electric Vehicle Adoption in Kenya.
Kenya’s electric mobility sector is set for further growth following a partnership between NCBA Bank and electric mobility company BasiGo to support the financing and deployment of electric vehicles for the country’s public transport sector.
Under the partnership, NCBA will provide financing to support the acquisition of up to 1,000 electric vehicles by Public Service Vehicle (PSV) operators and Savings and Credit Cooperative Organisations (SACCOs). The initiative is aimed at making electric vehicles more accessible to transport operators by reducing the financial barriers associated with their relatively high upfront purchase costs.
The partnership comes as Kenya continues to encourage the adoption of cleaner and more sustainable transport solutions. Public transport remains an important part of the country’s mobility network, and the transition from conventional fuel-powered vehicles to electric alternatives could contribute to lower operating costs and reduced emissions.
NCBA has been strengthening its focus on sustainable mobility through its e-mobility financing programme, which has a target of KES 2 billion. The programme is intended to support the acquisition of electric vehicles and other assets associated with the country’s transition towards electric transportation.
BasiGo, a Kenyan electric mobility company, has been working to increase the adoption of electric buses and matatus in the public transport sector. Its business model combines electric vehicle technology with financing and operational support, helping transport operators transition to electric mobility while addressing concerns around vehicle affordability and running costs.
The latest financing partnership could accelerate the deployment of electric vehicles across Kenya’s commercial transport sector and encourage more PSV operators and SACCOs to consider electric alternatives.
The development is also expected to create opportunities across the wider automotive value chain. Increased EV adoption could drive demand for charging infrastructure, batteries, electrical components, vehicle technology, maintenance services, fleet management solutions and other supporting products and services.
For Kenya’s automotive industry, the partnership represents a positive development as electric mobility moves beyond early adoption and begins gaining greater participation from financial institutions and commercial transport operators.
With increased access to financing and growing investment in electric mobility infrastructure, Kenya is positioning itself as an emerging market for electric public transportation in East Africa. The NCBA-BasiGo partnership could therefore play an important role in accelerating the country’s transition towards cleaner, more sustainable and technology-driven transportation.
Posted on : 05 Oct,2026 | News Source : ABNews
Automart is Africa's leading directory and market news website for the automotive spare parts, automobiles and auto accessories industry | Kenya | Tanzania | Ethiopia
Exhibitions In Africa
- 27th Autoexpo Tanzania 2026
Diamond Jubilee Expo Centre, Dar-es-Salaam, Tanzania - EV Expo Tanzania 2026
Diamond Jubilee Expo Centre, Dar-es-Salaam, Tanzania - 28th Autoexpo Kenya 2027
Carnivore Exhibition Grounds in Nairobi, Kenya - EV Expo Kenya 2027
Carnivore Exhibition Grounds in Nairobi, Kenya
