By Ken Muthomi - Reporter
Kenya, August 24, 2026 - Kenya has signed a new cooperation agreement with the International Finance Corporation (IFC) to support the country’s goal to accelerate the adoption of e-mobility as well as strengthen the regulatory framework steering the industry.
The agreement was signed between the State Department for Transport, led by its PS, Mohamed Daghar, and IFC during a meeting on Monday, as part of efforts to operationalise Kenya’s National E-Mobility Policy.
"Today, I met with officials from the International Finance Corporation (IFC), a member of the World Bank Group, at Transcom House to review the progress of the ongoing engagement between the State Department for Transport and IFC, and to formalise our partnership through the signing of a Cooperation Agreement,” the PS stated.
“This collaboration, implemented through IFC’s Country Advisory and Economics (CAE) Department and co-financed by the Government of Japan through the Comprehensive Japan Trust Fund, marks an important step in advancing Kenya’s electric mobility agenda,” he added.
The agreement comes at a time when Kenya, as well as other African countries, are ramping up efforts to accelerate the adoption of electric mobility as part of broader efforts to promote cleaner and more sustainable transport.
The new partnership will include the development of an E-Mobility Bill and supporting regulations, while also strengthening institutional and governance structures to improve coordination, implementation and monitoring of reforms in the sector.
The initiative will further support the development of a clear national vision and targets for the growth of electric mobility in the country, as well as review and enhance other incentives across the e-mobility value chain according to the PS.
Additionally, the PS assured that the partnership is also set to raise public awareness of the benefits of electric mobility and build the capacity of the Transport Ministry to lead and sustain reforms aimed at transforming the sector.
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