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KCB Group

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Kenya’s Largest Bank To Provide 100% Financing For Riders To Acquire 100,000 Electric Motorcycles!

The KCB Group  in collaboration with United Nations Institute for Training and Research (UNITAR) are ready to help Kenyans with green loans in their effort to help Kenya government to achieve their net zero targets by 2030.

Well, KCB is the largest financial services organization in East Africa in terms of asset size. The Group is headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, and Burundi. In 2007, the KCB Foundation was established to implement the KCB Bank Group’s Corporate Social Responsibility programs and as a sign of commitment to sustainable development to alleviate poverty and enhance well-being Kenya will put 100,000 electric motorbikes and tuk-tuks on the roads within the next six years. The undertaking is a great and important joint project that will help many.

Specifically, KCB will provide “green loans” through local dealers for the purchase of a total of 100,000 electric motorbikes and electric tuk-tuks. The project, which will run for six years, will start in Machakos near the capital Nairobi and will then be rolled out successively throughout Kenya.

“The government has prioritized the adoption of e-mobility, to achieve a number of targets. There is a need to reduce carbon emissions by 32 per cent by 2030. In 2022 emissions in the transport sector were estimated to be 1.26 million tones of carbon dioxide,” Kenyan Cabinet Secretary for Roads and Transport, Kipchumba Murkomen.

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  • winnie nguru

    49 w

    Wow.. KCB group is doing a wonderful job

    2
    • Grace Njeri

      49 w

      Super great!!

      2
      • Peter Karanga

        49 w

        That's great news! This is a great initiative to reduce carbon emissions and push for more sustainable transportation options in Kenya. Hopefully this program will be successful and can be implemented in other countries across the continent.

        9
        • johnte ndeto

          49 w

          Motorcycles have become the talk of town and this really is brilliant idea to curb carbon emissions from fossil fuels

          14
          • Phylis Akinyi

            49 w

            This is a great.... Public transport I.e motorbikes and tuk-tuks will now be safe for the environment

            6
            • Annett Michuki..

              49 w

              this is incredible

              6
              • mercy nduta

                49 w

                Positive collaboration, motorcycle electrification must be a key focus in advancing green transportation.

                5
                • Princess

                  49 w

                  This really will reduce carbon emissions and especially when it's adopted by the public transport I.e uber boda.

                  7
                  • Peter Kamau

                    49 w

                    This is super Incredible.

                    6
                    • rosebellendiritu

                      49 w

                      This is a great support by KCB group,to help in easy transition,we will have achieved more by 2030 which is very encouraging.

                      12
                      • Daniel Waweru

                        49 w

                        This is a very commendable way of addressing the climate change, @KCB is doing a great deal to the transport sector, It will be easier to transition to sustainable and renewable energy is a smooth way. This will really go along way. kudos #@KCB

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