EV firm opens city showroom
Business
By
Sofia Ali
| Jun 28, 2024
Electric mobility firm MojaEV Kenya, the exclusive distributor of Neta Electric Vehicles in Africa, has opened a flagship showroom in Nairobi.
Against the backdrop of global discussions on climate change and carbon emissions, the launch underscores Kenya's pivotal role in adopting environmentally friendly transport solutions.
Neta Electric Vehicles executive vice president Wilson Sun emphasised the urgency of addressing carbon emissions, highlighting Kenya's strategic position as the East African Community's economic powerhouse and a key player in sub-Saharan Africa.
Kenya is making strides in cutting emissions, with a draft e-mobility policy under development as of April 2024.
READ MORE
Constitutional and fiscal lessons from 2024 Finance Bill protests
Education PS flags possible scrapping of C4 schools
Witness says Bliss Hospital locked out Rex Masai during June 2024 protests
Jilted lover attacks woman in Bungoma
Pilot, co-pilot killed in LaGuardia runway collision
A free lecture for those who want professors to retire early
How NARC resuscitated imperial presidency that Kenyans loathed
KNEC opens KCSE registration for 8-4-4 candidates
The policy aims to address critical challenges such as sustainable supply chains, secure data management, efficient charging infrastructure, and the promotion of local manufacturing and assembly of electric vehicles.
MojaEV Kenya Chief Executive Wang Aiping expressed enthusiasm about collaborating with stakeholders in Kenya's burgeoning e-mobility sector, including the Association of Vehicle Assemblers (AVA).
AVA Business Development Manager Joy Wanyonyi echoed these sentiments, noting the registration of over 13 electric vehicle companies at local assemblers. She stressed the need for swift policy formulation to support the sector's growth.
The Ministry of Roads and Transport highlighted Kenya's commitment to reducing greenhouse gas emissions, a significant portion of which originates from the transport sector's heavy reliance on fossil fuels.
As the sector continues to grow alongside population and industrialisation trends, transformative measures such as electrification become paramount in achieving climate goals outlined in the Paris Agreement, which Kenya ratified in 2015.
Currently, Kenya boasts a robust installed electricity capacity, with a notable surplus that could support increased demand from electric vehicles. Mr Wang reaffirmed NETA's global commitment to sustainable mobility solutions, stressing the company's dedication to advancing technological frontiers and expanding its footprint across Africa.
Electric vehicles, the firm said, will retail at between Sh4 and Sh4.5 million, aiming to make electric vehicles more accessible to more Kenyans.
How Treasury is edging out 'mama mboga' for banks
Kenya’s increased reliance on local borrowing is raising concerns that it is crowding out businesses and households from accessing credit, potentially slowing economic growth.Agoa renewal offers new chance to redefine Africa's place in global trade
As global markets retreat into protectionism and nationalist economic agendas, Africa must hold firm to its integration agenda.Iran war hits kitchens as shilling slumps, forex reserves dwindle
Shockwaves of the conflict are squeezing consumers already battered by years of economic hardship.China woos Kenyan producers with '800-million opportunity' as zero-tariff deal takes effect
China has unveiled a detailed plan to integrate Kenyan producers into its high-tech industrial chains.Co-op bank shares set for further gains on strong profit growth, lower rates
Tier one lender Co-operative Bank of Kenya (Co-op Bank) shares could rise nearly a quarter over the next 12 monthsMOST READ
- Agoa renewal offers new chance to redefine Africa's place in global trade
OPINION
By Paul Russo
- Iran war hits kitchens as shilling slumps, forex reserves dwindle
BUSINESS
By Brian Ngugi
- China woos Kenyan producers with '800-million opportunity' as zero-tariff deal takes effect
BUSINESS
By Brian Ngugi