MOGO Joins Key Sectoral Stakeholders at the Launch of Kenya’s New Boda Boda Boom Report

Did you know that the Boda Boda sector contributes a significant 4.4% to Kenya's National GDP? Today, we had the honor of joining key industry stakeholders, courtesy of Viffa Consult, at the launch of Kenya’s New Boda Boda Boom Report, which sheds light on the immense impact and potential of this vital sector. Key Insights from the Report: • The Boda Boda sector generates an estimated KES 660 billion annually. • Directly employs over 2.5 million Kenyans. • Boda Boda operators earn an average of KES 1,100 per day. • Operators spend 40% to 60% of their earnings on fuel. • The Competition Authority of Kenya (CAK) forecasts a 19.15% annual growth in delivery market platforms. These compelling insights sparked productive conversations among industry leaders, financiers, policymakers, regulators, and innovators, with a shared goal to explore the present and future opportunities within the sector, as well as identify the challenges that need to be addressed at various levels. At MOGO Kenya, we believe this report is more than just statistics — it’s a call to action. We are committed to providing accessible financing solutions, promoting product innovation, enhancing financial literacy, supporting regulatory policy adoption, and actively engaging with the community. The Boda Boda sector is a cornerstone of Kenya’s economy, and as we move forward, it is essential that we work together to foster its sustainable growth, improve livelihoods, and create a positive impact across the country. Together, we can drive meaningful change and empower this transformative sector for a brighter, more sustainable future.