Local Asset FinTech firm Watu has confirmed that 2025 saw a significant recovery in motorcycle sales, validating a recently released report by the Kenya National Bureau of Statistics (KNBS).
The latest (November 2025) Kenya National Bureau of Statistics Leading Economic Indicators report indicates that the number of newly registered vehicles increased from 25,167 units in October 2025 to 27,219 units in November 2025, with motorcycles growing by 19.8% to 18,839 units in the first 11 months of 2025.
Opening the year with 12,456 motorcycle units sold in January, the KNBS data showed sales steadily increased to 15,699 in August and peaked at 18,839 in November.
According to Watu Kenya Country Manager Erick Massawe, demand for motorcycles to power SMEs and public service transport providers maintained steady month-on-month growth last year.
Watu is an Asset FinTech revolutionising mass-market mobility across Africa through financial inclusion and accessibility. Watu’s financing solutions transform mobility and connectivity, unlocking opportunities for underserved communities and setting it apart in the impact financing landscape.
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The sustainably growing firm has expanded its operations beyond East Africa and now operates in 8 countries in Africa. Watu last year also became the first Kenyan heritage international business to expand its operations to the Latin American market, registering an operating footprint in Brazil and Mexico.
The firm’s (Watu) data, Massawe noted, indicated stable growth in Internal Combustion Engine (ICE) two- and three-wheeler motorcycles, with electric-powered two-wheelers also gaining popularity.
In 2025, Watu, he said, had closed the year with approximately 8,000 financed mobility assets, including electric motorbikes.
“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. He added, “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.”
Established in 2015, Watu has transformed the boda-boda and tuk-tuk sector by pioneering asset financing for two- and three-wheeled vehicles. By enabling ownership of these vehicles, Watu has created millions of jobs, improved transport efficiency, and contributed to local economies across Kenya.
