Wednesday, July 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
NewsTrendsKE
  • NewsTrendsKE
  • Business
  • Deals
  • Women in Business
  • Sustainability
  • Featured
  • Op-Eds
  • Lifestyle
  • Technology
  • Phones
  • Sports
  • World
  • Contact Us
No Result
View All Result
NewsTrendsKE
No Result
View All Result

KCB and UNITAR Launch 100,000 Electric Motor Bikes Project

Admin by Admin
6 July 2023
in Featured
0
KCB and UNITAR Launch 100,000 Electric Motor Bikes Project
497
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

KCB has partnered with the United Nations Institute for Training and Research (UNITAR) to roll out a programme that will see 100,000 riders benefit from electric motorbikes over the next 6 years.

This is expected to create over 150,000 new green jobs in the boda-boda sector.

Related posts

State House, Nairobi

Inside Kenya’s State House: A Century of Power, Architecture, and Controversy

24 June 2025
Britam Betalab and Oye Media Rollout

Britam’s BetaLab Backs Oye to Power Boda Riders with Insurance and Fuel Credit

17 June 2025

The Bank will provide green affordable loans to the riders to acquire electric bikes and tuktuks through local electric motorbikes sellers.

The project was commissioned by the Cabinet Secretary, Roads and Transport Hon. Kipchumba Murkomen in Nairobi and has been rolled out in Machakos county with a plan to extend it to all counties through the period.

The move is in line with KCB Group’s commitment to enhance sustainable finance, consequently accelerating the transition to a low-carbon resilient economy. Currently, the Group has set a target of transitioning 25% of its total loan portfolio to green investments by 2025, as part of its Net Zero ambition.

KCB Group CEO Paul Russo said: “The initiative is in line with our commitment to increasing our green lending loan portfolio by working with like-minded partners to enhance green job creation and attaining the net zero ambitions.”

“We seek to make it possible for players in the transport sector to acquire electric motorbikes at an affordable rate and earn a living. At the same time, the boda-boda riders play a key role in reducing carbon emissions in the environment, which is part of our long-term plans to conserve the environment,” Russo said.

The programme is aligned to the government’s plans to roll out an electric vehicle public transport system that seeks to bring down the cost of transport for all stakeholders. This is aligned to the government’s economic transformation agenda and climate action, which is also expected to reduce the country’s carbon emissions.

Cabinet Secretary, Roads and Transport Hon. Kipchumba Murkomen said “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% by 2030. In 2022 emissions in the transport sector were estimated to be 1.26 million tonnes of carbon dioxide.”

“The adoption of electric motorbikes by boda-boda riders will help the country to achieve this target given that 1CE motorcycle emits more carbon than two saloon cars” added Murkomen.

Over 60 youth boda-boda riders drawn from across Nairobi were the first recipients of the electric boda-bodas today, following comprehensive training on electric bikes, the rule of law, customer service and mastering conflict resolution. The youth will also get training in Business Development and Entrepreneurship.

To qualify for the loan, the youth participants are obligated to undergo a mandatory training covering technical skills training, capital and business management, safety and peace building under KCB Foundation’s 2jiajiri youth programme. This is to enable them to qualify for green loans from KCB micro bankers.

The transport sector is the second highest contributor of GreenHouse Gas (GHG) emissions in the country and has been identified as a focus sector in Kenya’s enhanced National Determine Contribution (NDC) commitments and National Climate Change Action Plan.

KCB launched 2jiajiri in 2016, a programme that seeks to formalize the informal sector and skill for self-employment targeting the youth and small businesses. It focuses on growing youth micro-businesses in the informal sector, bringing them to a place where they can employ others.

Since its inception, 20,736 youth have received skills training and the bank has disbursed over KShs. 246 million loans to the youth as capital and asset financing, which has resulted in 64,380 jobs being directly created. A total of 3,402 small businesses are under incubation within the business development phase of the programme.

Tags: electric motorbikesKCB BankUNITAR
Previous Post

Relive the Blankets and Wine experience with these four iconic Kenyan playlists

Next Post

Zutari Kenya officially launched in Nairobi to focus on East African market

Next Post
Zutari Kenya officially launched in Nairobi to focus on East African market

Zutari Kenya officially launched in Nairobi to focus on East African market

RECOMMENDED NEWS

Maggie Mwende Reveals Her Secrets to Happy Living

Maggie Mwende Reveals Her Secrets to Happy Living

1 year ago

Feature I Benefits of Donating Blood

3 years ago
Airlines Urged to Embrace Agility, Customer-Centricity, and Collaboration for Sustainable Growth

Airlines Urged to Embrace Agility, Customer-Centricity, and Collaboration for Sustainable Growth

9 months ago
Mang’u High School Receives Boeing 737-700 to Scale Aviation Studies

Kenya Airways Scare: Latest Update on the ‘Pride of Africa’

2 years ago

FOLLOW US

    BROWSE BY CATEGORIES

    • APO News
    • Business
    • Culture
    • Deal
    • Economy
    • Education
    • Featured
    • Gadgets
    • Health
    • Investments
    • Lifestyle
    • Markets
    • National
    • News
    • Op-Eds
    • Phones
    • Politics
    • Real Estate
    • Sports
    • Sustainability
    • Technology
    • Travel
    • Women in Business
    • World

    BROWSE BY TOPICS

    2018 League Absa Absa Bank Africa Agriculture AI Artificial Intelligence Balinese Culture Bali United Bolt Budget Travel Business Carrefour Champions League Chopper Bike CNN Doctor Terawan Education Equity Bank Galaxy Health Insurance Istana Negara KCB KCB Bank Kenya Kenya Airways KRA Market Stories Microsoft Nairobi National Exam Oppo PMI Report Ruto Safaricom Samsung Samsung Electronics Showmax SMEs Spotify Stanbic Stanbic Bank Technology Visit Bali

    POPULAR NEWS

    • Moi University

      Moi University Sacks 890 Staff in Major Restructuring Exercise

      1748 shares
      Share 699 Tweet 437
    • List of Banks Offering the Cheapest Loans in Kenya 2025

      1680 shares
      Share 672 Tweet 420
    • List of President William Ruto’s Advisors

      851 shares
      Share 340 Tweet 213
    • Reopening of Central Line Will Ease Traffic Congestion on Cape Town Freeways

      659 shares
      Share 264 Tweet 165
    • Zero Trace Phone: All you need to know about little known smartphone that leave no digital footprints

      622 shares
      Share 249 Tweet 156
    NewsTrendsKE

    A News Blog For Readers Who Want More

    Follow us on social media:

    • About
    • Advertise
    • Careers
    • Contact

    ©2025 NewsTrendsKE.

    No Result
    View All Result
    • NewsTrendsKE
    • Business
    • Deals
    • Women in Business
    • Sustainability
    • Featured
    • Op-Eds
    • Lifestyle
    • Technology
    • Phones
    • Sports
    • World
    • Contact Us

    ©2025 NewsTrendsKE.