Less than 1 out of 100,000 people in Kenya are losing their vehicles in the country, an improvement compared to past three years.
This is better compared to the global average of 3 out of 100,000 and continental one of 2 out of 100,000.
According to Knoema, a data platform, In 2020, the private car theft rate for Kenya was 0.6 cases per 100,000 population.
Speaking on Friday at the 2023 Automotive Industry Awards where Autotronix Telematics took the best prize, the firm's CEO Martin Mugo marvelled at the country's expansive the automotive security industry. Kenya is robust and that businesses
The award, previously known as the Automotive Sector Excellence Awards recognizes and celebrates the key players in various realms of the automotive sector who have over the years achieved outstanding results in their niche and have positively impacted the lives of their clients
Though the private car theft rate fluctuated substantially in recent years, an indication of the need for adoption of automotive security solutions for enhanced security.
"Operators in this sector need to leverage technology and readily available information to provide solutions that ensure Kenyans are safe while running their businesses and daily activities using their vehicles,'' he said.
He added that Kenya has great potential of leveraging technology to improve the automotive security sector because, with the emergence of increased car theft cases, incoming new high-tech cars, and the growing demand for services like fleet management.
"There is a need for us to research and stay on top of the game in terms of the solutions we want to provide in the country. The goal is to have Kenyans consume locally available automotive security solutions and not have to look for them abroad."