On the 4th of February 2026, Watu, a prominent asset financier operating across Africa, welcomed the official launch of the Kenya E-Mobility Policy, 2026. The company describes the policy as a pivotal and transformative step that significantly strengthens Kenya’s journey towards a future of clean, affordable, and scalable electric transportation.
This newly unveiled policy by Watu, represents a decisive moment for the nation’s transport and energy sectors. It establishes a clear and comprehensive framework designed to achieve multiple critical objectives including, reducing emissions, improving urban air quality, and unlocking a wave of new economic opportunities throughout the entire e-mobility value chain. By actively accelerating the shift away from fossil fuel dependency, the policy is poised to lower long-term transport costs for Kenyans while simultaneously bolstering the country’s energy resilience.
Watu Kenya Country Manager, Erick Massawe, spoke at the policy launch event praising the directive as a critical enabler for the industry. He highlighted its potential to scale electric vehicle adoption and position Kenya as a regional leader in clean transport innovation.
“The Kenya E-Mobility Policy is a game-changer for the industry,” stated Massawe. “It provides the clarity and momentum needed to scale electric vehicle adoption, unlock new value chains, and accelerate the transition to clean energy.” He further emphasized the policy’s direct benefit to financiers, noting, “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.” – Erick Massawe, Watu Kenya Country Manager.
Massawe elaborated that Watu’s involvement in e-mobility is fundamentally anchored in principles of long-term sustainability and inclusive growth.
“At Watu, sustainability is embedded in how we finance, deploy, and scale mobility solutions,” he explained. “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.” – Erick Massawe, Watu Kenya Country Manager.
Watu EV Sales Grow 108%
Watu’s leadership in financing electric mobility is already yielding tangible results. In terms of growth, the company financed 2,193 electric vehicles in 2024 alone, a striking 108% growth from the previous year. This financing activity has contributed to an estimated avoidance of 5,483 tonnes of CO₂ equivalent emissions. This impressive momentum underscores both the growing commercial viability and consumer adoption of electric-powered vehicles, as well as the critical role that innovative financing plays in accelerating the broader energy transition.
As Kenya moves into the implementation phase of the E-Mobility Policy, Watu has reaffirmed its commitment to collaborative progress. The company pledges to work closely with government bodies, industry partners, and local communities to scale electric mobility solutions that are affordable, reliable, and designed for lasting positive impact.
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