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Latvian finds fortune in local boda boda financing venture

Watu Credit staff at work in Mombasa. Inset: Andris Kaneps, founder of the firm. courtesy photo

Andris Kaneps is making better returns financing motorbike sales on Kenya’s coast than he ever did arbitraging gold and silver.

The 34-year-old Latvian swapped his chilly hometown of Riga for the tropical beach city of Mombasa two years ago to start Watu Credit, which finances the purchase of at least 10 vehicles a day.

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