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Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme
National Transport and Safety Authority (NTSA) Director of Road Safety Bado Katelo addresses members of the Boda Boda Safety Association of Kenya outside the Pumwani Social Hall in Nairobi on October 23, 2020, before President Uhuru Kenyatta held a meeting with them. Also present was Kamukunji MP Yusuf Hassan (seated centre). PHOTO FRANCIS NDERITU | NMG
Nabo Capital, a subsidiary of Centum Investment #ticker:CTUM, has launched a Sh50 daily savings scheme targeting Kenya’s 1.4 million boda boda riders.
Dubbed Uhuru Sovereign Trust Fund, the investment vehicle will be accessible to the motorcycle operators via a premium text messaging service, which enables the riders to buy units via their mobile money wallets. The scheme's initial target is 100 riders from each county.
