Eveready East Africa Launches Integrated Clean Energy Platform, Expands into EV Financing

Soko Directory Team

3 weeks ago

Eveready East Africa PLC (NSE: EVRD) has unveiled a major strategic transformation, repositioning the iconic “Shika Paka Pawa” brand as an integrated clean energy platform delivering solar power, energy storage, clean cooking solutions, carbon market initiatives, and electric vehicle (EV) financing.

The move marks Eveready’s evolution from a traditional battery manufacturer into a key player in Kenya’s fast-growing green energy and e-mobility ecosystem, aligned with national and global sustainability goals.

“Eveready is reimagining its role in Kenya’s energy future,” said Sonia Karuma, Eveready’s Chief Operating Officer. “This transformation reflects our commitment to making clean, affordable, and reliable energy accessible, while building a resilient business positioned for long-term growth.”

At the centre of the strategy is Eveready’s Integrated Clean Energy Platform (ICEP), which aggregates technology, financing, installation, and after-sales support to deliver end-to-end energy solutions for institutions, corporates, schools, healthcare facilities, households, and SMEs.

Through strategic partnerships with Huawei Technologies and Jinko Solar, Eveready now offers world-class solar and digital power solutions, including:

Commercial and industrial solar inverters and grid-connected systems
Residential solar and battery backup solutions
High-efficiency solar panels
Smart energy management and monitoring systems

These solutions are designed to reduce energy costs and improve reliability, with many projects becoming self-financing within a few years through energy savings.

Eveready has also entered Kenya’s emerging electric mobility market through a partnership with

EV Jumla, launching asset-backed financing solutions for electric vehicles.

The new offering targets one of the biggest barriers to EV adoption, high upfront costs, by providing:

Financing for electric bikes and cars for individuals and fleet operators
Flexible repayment structures for taxi drivers, delivery services, and commercial users
Integrated charging solutions linked to renewable energy

The initiative comes as demand for clean transport accelerates and financial institutions roll out tailored EV products, positioning Eveready as a catalyst for wider adoption.

Eveready’s clean energy expansion builds on its partnership with the Regional Voluntary Carbon Market Company (RVCMC), announced at the historic voluntary carbon credit auction held in Nairobi in June 2023, the largest of its kind globally.

The collaboration positions Eveready to develop high-quality carbon projects that generate verified emissions reductions while unlocking new revenue streams and climate finance.

Kenya’s renewable energy market continues to grow rapidly, driven by rising demand for reliable power and government targets for a fully clean energy mix. Eveready’s transformation positions the company to capture this opportunity while advancing environmental stewardship, financial inclusion, and green job creation.

As Eveready enters this new chapter, the company is leveraging more than seven decades of brand trust to help power Kenya’s transition to a cleaner, more sustainable energy future.