Kenya is one of the seven African countries set to benefit from a Sh129.3 million ($1 million) grant from the African Development Bank (AfDB) to boost the shift to electric mobility.
The credit line from Sustainable Energy Fund for Africa (SEFA) —AfDB’s special fund for renewable energy— will go to the private sector to fund the designing of business models for electric vehicles and help develop a bankable pipeline of e-mobility projects.
