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The facility will manufacture 50,000 electric motorbikes annually, with the aim of reducing carbon emissions, alleviating urban congestion, and bolstering the country’s green economy.
The grand inauguration ceremony was attended by prominent government officials, industry leaders, and environmental advocates, symbolizing the importance of this milestone in Kenya’s journey towards embracing electric mobility and clean energy alternatives.
Substantial investments from both local and international partners have supported roam’s ambitious venture.
Billed as the largest in East Africa, the Roam factory is equipped with cutting-edge technology and adheres to the highest environmental standards.
In addition to production, it will enable the thousands of petrol-powered motorbike taxis to be converted to electric power.
“This plant illustrates Kenya’s potential as a leader in clean transport solutions on the continent. It is, therefore, an initiative that fits perfectly with our national objectives of reducing carbon dioxide (CO2) emissions,” said the President of the Republic, William Ruto, during the launch of the factory.
Roam’s electric motorbikes have garnered significant attention in the market due to their robust design, impressive performance, and affordable price range.
These e-motorbikes offer a viable alternative to traditional petrol-powered two-wheelers, making them particularly appealing to urban commuters and delivery service providers.
With the inauguration of Roam’s factory, Kenya is poised to take a significant stride towards building a greener and cleaner future, setting a benchmark for sustainable transportation initiatives across the continent.
Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.
Sumitomo Mitsui Banking Corporation (SMBC), under its parent Sumitomo Mitsui Financial Group (SMFG), has agreed to invest in the Novastar Ventures Africa People and Planet Fund III, L.P., managed by Novastar Ventures Ltd.
Japanese agri-tech innovator Degas Limited has pledged a US $100 million investment over four years to help transform Ghana into Africa’s inaugural AI-driven agricultural hub.