The Barefoot Economist

The Barefoot Economist

Share this post

The Barefoot Economist
The Barefoot Economist
🌯 Inclusive FinTech Knowledge Bites [Week #33]

🌯 Inclusive FinTech Knowledge Bites [Week #33]

M-Kopa finances 2/3 of EV motorbikes in Kenya, Why agent networks boost African tech, and how AI aids farmers without smartphones

Hugo Pacheco's avatar
Hugo Pacheco
Aug 17, 2024
∙ Paid
3

Share this post

The Barefoot Economist
The Barefoot Economist
🌯 Inclusive FinTech Knowledge Bites [Week #33]
Share

This week on The Barefoot Economist:

  1. 🏍️ EV Market in Kenya: 2/3 of bikes have been financed by M-Kopa.

  2. 👀 The Unseen Potential of Agent Networks in African Tech

  3. 🧑🏽‍🌾 Farmers with no smartphones using AI

Enjoy your weekend reading!

Hugo Pacheco, The Barefoot Economist

The Barefoot Economist is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.


🏍️ Electric Vehicle Market in Kenya: 2/3 bikes have been financed by M-Kopa

A photograph showing a man removing a battery from an orange, electric motorbike.
📰 Source | Rest of World

M-KOPA has significantly influenced the electric vehicle (EV) market in Kenya by providing innovative buy-now-pay-later (BNPL) financing options for electric bikes and cars. This approach addresses the high upfront costs associated with EVs, making them more accessible to a broader audience.

🧠 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀

  • Market Influence: M-KOPA has become a major player in Kenya’s EV market, financing two out of every three electric bikes sold in the country. This positions the company as a crucial driver of EV adoption in Kenya.

  • Strategic Entry: The company ventured into EV financing due to the long-term cost benefits associated with electric vehicles. The cost of 100 kilometres of fuel is about $4, and the cost of 100 kilometres of electricity is less than $1.

  • Specialisation and Innovation: Its success is due to its focus on EV financing and investment in research and development, particularly in battery management.

  • Cost Implications: Riders opting for an 18-month repayment plan through M-KOPA face higher overall costs, paying 40% more than the motorcycle’s initial price due to financing fees.

  • Comprehensive Financing Model: M-KOPA’s financing includes not only the vehicle cost but also additional coverage, such as insurance for accidents and theft, health coverage, and other costs related to vehicle distribution and 24/7 customer care.

🌯 The Barefoot Insight

🧵 Beyond its role in accelerating Kenya's electric vehicle market, M-KOPA has also been a pioneer in leveraging digital solutions to streamline its operations and improve financial inclusion across Africa. By addressing challenges related to manual processes and integrating innovative technologies, M-KOPA has not only enhanced its service delivery but also set new standards in the digital financing landscape.

🛠️ The Agent Network OS

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Hugo Pacheco
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share