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Showing posts from August 27, 2023

E- mobility gains popularity as city bikers rush for Huduma credit's solution financing purchase of electronic - bikes.

Jimal Ibrahim, Chairman, Huduma Credit - "E - bikes to cut cost of fuel and conserve the environment." As the world gears towards the transition from fossil fuels to renewable energy, Kenya is not being left behind as motor motorists are going for the alternative. Fuelled by the difficult times that have seen the rise of fuel prices thereby affecting the cost of commodities, investors in the public transport sectors within Nairobi and its environs are quickly embracing the privilege of using e - energy. The change, which is largely environmentally friendly and cost effective has seen the registration of over 1,400 2, 3 and 4-wheeler electric vehicles by mid this year. Huduma credit, a non-deposit-taking lending company with a key focus on financing PSV, is working closely with boda boda operators in a bid to assist them in acquiring new motorcycles or finance for their conversion from fuel use to electric use at friendly rates. "We want to be the game changer in this sec