More than 10 electric motorcycle and three-wheeler manufacturers from India, China, Italy and Kenya are preparing to enter the Kenyan market, according to TechTrends KE. The move follows the launch of a shared battery-swapping network in Nairobi and Mombasa by Indian battery technology company SUN Mobility. The expansion could widen vehicle choice for commercial riders while intensifying competition among manufacturers, battery-network operators and financiers in Kenya's growing electric mobility sector.

African electric mobility company Spiro has raised $55 million from Chinese growth-stage fund NewTrails Capital, increasing its total funding to $270 million. This investment aims to support Spiro's expansion of electric vehicle and battery-swapping infrastructure across the continent, as announced on June 22.

M-KOPA has financed more than 10,000 electric motorcycles in Kenya, securing a sizeable position in the country's electric mobility market and extending financing to electric tuk-tuks, according to TechTrends KE. The outlet reports the milestone matters because M-KOPA's model ties the purchase of a commercial vehicle to the daily cash flow of the person using it, reshaping the economics of boda boda transport.

South African firms are intensifying their investments in Kenya's corporate sector, with planned acquisitions totaling approximately Sh413 billion. This strategy aims to use Nairobi as a gateway into East and Central Africa. Notably, Absa Group has announced intentions to increase its stake in Absa Bank Kenya from 68.5 percent to a higher percentage.

Nakuru Governor Susan Kihika has launched the Affordable Boda Boda Programme, which allows riders to acquire motorbikes with initial deposits starting at KSh 10,000. The program is set to begin in September, aiming to support boda boda riders in accessing affordable transportation options.

Clicks Group is investing more than R65 million in electric trucks, solar power, battery storage and charging infrastructure, according to IOL. The South African pharmacy retailer expects the investment to deliver annual fuel and maintenance savings of up to R28 million as part of its shift toward cleaner energy and lower operating costs.