Motorcycle sales and financing recorded steady growth in 2025, with asset financier Watu confirming a strong recovery in the sector, in line with recent data released by the Kenya National Bureau of Statistics (KNBS).
Watu said the positive trend highlighted in the November 2025 KNBS Leading Economic Indicators report mirrors its own performance in motorcycle sales and financing over the year, driven largely by rising demand from small businesses and public transport operators.
According to the KNBS report, the number of newly registered vehicles rose from 25,167 units in October 2025 to 27,219 units in November 2025. Motorcycles accounted for a significant share of this increase, growing by 19.8 per cent to 18,839 units within the first 11 months of the year.
The data shows that motorcycle sales and financing gained momentum throughout the year, with sales rising from 12,456 units in January to 15,699 units in August before peaking at 18,839 units in November.
Motorcycle Sales and Financing Driven by SME Demand
Watu Kenya Country Manager Erick Massawe said the steady rise in motorcycle sales and financing was largely supported by demand from small and medium-sized enterprises (SMEs) and public service transport providers, particularly boda boda and tuk-tuk operators.
“The demand for motorcycles to power SMEs and public service transport providers maintained steady month-on-month growth last year,” Massawe said.
Watu’s internal data, he added, points to stable growth in Internal Combustion Engine (ICE) two- and three-wheelers, alongside increasing interest in electric-powered motorcycles, reflecting a gradual shift toward cleaner mobility solutions.
In 2025 alone, Watu financed approximately 8,000 mobility assets, including electric motorbikes, reinforcing its role in expanding access to motorcycle sales and financing across the country.
“We acknowledge that the data by KNBS provides a good glimpse of the overall market and reflects our own pace of growth at Watu,” Massawe said. “Traditional financing often excludes people without a credit history. By removing unnecessary barriers, Watu empowers more people to access life-changing assets whether for mobility, business, or digital connectivity.”
Watu, an Asset FinTech firm established in 2015, has played a key role in transforming the boda boda and tuk-tuk sector by pioneering asset financing for two- and three-wheeled vehicles. Through motorcycle sales and financing, the firm has helped create jobs, improved transport efficiency, and supported local economies.
Beyond Kenya, Watu has expanded its footprint to eight African countries and, in 2025, became the first Kenyan heritage international business to enter the Latin American market, establishing operations in Brazil and Mexico.
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