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- May 11, 2013
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The boda boda industry is emerging as one of the biggest drivers of the economy, with operators generating Sh219 billion in revenue last year. Going by the latest industry figures, it means the operators of the popular mode of transport collectively made more than East Africa’s most profitable company, Safaricom, which had total revenues of Sh212 billion in the 2016/17 financial year.
According to figures released by the Motorcycle Assemblers Association of Kenya (MAAK) yesterday, there are about 600,000 commercial motorcycles on Kenyan roads, with each making, on average, Sh1,000 a day. This translates to Sh600 million a day and Sh219 billion annually.
MAAK Chairman Isaac Kalua said about eight people depended on each motorcycle in operation for their daily livelihood. In total, Mr Kalua said, about 4.8 million people depend on motorcycles.
“Until there is a solution to mass transport, there shall continue to be a need,” said Kalua who also doubles up as the chairman of Honda Motorcycles Kenya Ltd, when the firm unveiled a new oil from Japan’s JXTG in Nairobi. Traffic jams in major urban centres such as Nairobi and poor infrastructure in rural areas have made motorcycles the preferred mode of transport over short distances for many Kenyans. Besides helping people beat traffic, motorbikes have become critical in the delivery of supplies and parcels for both homes and businesses. Most companies with operations in Nairobi have invested in motorbikes.
Read more at: Earnings from boda boda sector surpasses Safaricom's 2017 revenue by Sh7b
According to figures released by the Motorcycle Assemblers Association of Kenya (MAAK) yesterday, there are about 600,000 commercial motorcycles on Kenyan roads, with each making, on average, Sh1,000 a day. This translates to Sh600 million a day and Sh219 billion annually.
MAAK Chairman Isaac Kalua said about eight people depended on each motorcycle in operation for their daily livelihood. In total, Mr Kalua said, about 4.8 million people depend on motorcycles.
“Until there is a solution to mass transport, there shall continue to be a need,” said Kalua who also doubles up as the chairman of Honda Motorcycles Kenya Ltd, when the firm unveiled a new oil from Japan’s JXTG in Nairobi. Traffic jams in major urban centres such as Nairobi and poor infrastructure in rural areas have made motorcycles the preferred mode of transport over short distances for many Kenyans. Besides helping people beat traffic, motorbikes have become critical in the delivery of supplies and parcels for both homes and businesses. Most companies with operations in Nairobi have invested in motorbikes.
Read more at: Earnings from boda boda sector surpasses Safaricom's 2017 revenue by Sh7b