The sector contributes approximately four per cent of national GDP, estimated at Sh600 billion Of these, 93 per cent are self-employed or operate at motorcycle stages, with 15 per cent being women, a report by asset financing company, Mogo, indicates. In its Environmental, Social and Governance (ESG) and Impact Report 2025, the digital credit provider offering asset-backed and consumer financing solutions across Kenya notes that 57 per cent of its portfolio was located outside the country’s major urban centres, indicating how the Boda boda industry remains a key income generator in rural parts of the country.
80 per cent of motorcycle loans were issued for income-generating purposes, 17 per cent were issued for personal use, with the remaining share reflecting unspecified use. About 38 per cent of customers who completed their loans returned for additional financing.
This, as sector research further highlights the financial benefits of motorcycle ownership, indicating that riders who own their motorcycles can save more than Sh440,000 over five years compared with riders operating rented bikes. Industry data shows Kenya’s registered Boda boda numbers rose by 500, 000 from 2021-2024 to a total of 2.4 million nationwide, with the number currently having risen.
The sector contributes approximately four per cent of national GDP, estimated at Sh600 billion. During the year, Mogo expanded access to motorcycles and smartphones in the country, financing more than 72,000 mobility assets. At the same time, the launch of phone financing broadened digital connectivity and saw over 100,000 smartphones financed during the year.
“Expanding access to finance has remained a key feature of our growth. In 2025, most customers served were first-time clients, reflecting our reach into new customer segments across Kenya,” said Domas Mineikis, country manager, Mogo Auto Limited. “At the same time, 38 per cent of customers who completed their loans returned for additional financing, demonstrating sustained demand.”