Watu Credit Launches Initiative to Bolster Boda Boda Associations in West Nile

0
4كيلو بايت

By Mike Rwothomio

Watu Credit, a leading provider of asset financing, has launched a strategic corporate social responsibility initiative aimed at enhancing the operational capabilities of Boda Boda Associations across Uganda’s West Nile sub-region.

The initiative kicked off with the donation of 25 plastic chairs to the Zombo Boda Boda Association in Paidha on Friday, marking a noteworthy step in strengthening community partnerships.

Samuel Malinga, Branch Manager of Watu Credit’s Arua branch, which oversees operations across Pakwach, Arua, Maracha, Koboko, Yumbe, and Adjumani, underscored the company’s commitment to supporting the region’s Boda Boda Associations.

“This donation is just the beginning. We are dedicated to identifying and addressing the needs of these associations to foster stronger collaboration,” Malinga said during an interview.

He highlighted the critical role of the Boda Boda industry, noting that it is a key driver of Uganda’s economy.

The initiative aligns with Watu Credit’s broader mission to engage with grassroots stakeholders and provide meaningful support beyond motorcycle financing.

Malinga emphasized the company’s holistic approach, which includes financial literacy training, savings programs, and facilitating access to riding licenses for Boda Boda riders.

“Our goal is not just to provide motorcycles but to transform lives by improving opportunities and financial stability for riders,” he added.

Fred Onenarach, Chairperson of the Zombo District Boda Boda Association, praised Watu Credit’s contribution, pledging full cooperation to deepen the partnership.

“This support strengthens our operations and demonstrates Watu’s commitment to our community,” Onenarach stated.

Watu Credit plans to expand the initiative to other districts in the West Nile sub-region, including Pakwach, Madi-Okolo, and Nebbi, as part of its ongoing efforts to bridge gaps in financial access and empower communities.

The company also offers tailored financing solutions, such as bundling riding license fees into loan agreements, to enhance rider safety and compliance while easing financial burdens.

Despite its economic significance, the Boda Boda industry faces challenges, including inadequate management, high accident rates, limited access to affordable financing, and reported crime.Watu credit officials posed for  a photo with members of Zombo District Boda Boda Associations at the offices of Paidha Boda Boda Associations on Friday August 8, 2025. Photo/Mike Rwothomio

Watu credit officials posed for a photo with members of Zombo District Boda Boda Associations at the offices of Paidha Boda Boda Associations on Friday August 8, 2025. Photo/Mike Rwothomio

According to the observer publication, The boda boda industry is the second largest employer in Uganda. Available data show that there are an estimated 1.2 million boda boda riders in Uganda with about 150,000 registered stages. In Kampala alone, there are 350,000 boda boda riders and 1,021 registered stages.

Mike Rwothomio is news editor at zoomer Africa your number one grassroot news

Love
2
البحث
الأقسام
إقرأ المزيد
African Politics
Alur King Calls for Peaceful and Transparent Elections
By Mike Rwothomio As political party primary elections commence, with National Resistance...
بواسطة Rwothomio Mike 2025-07-16 13:31:11 0 7كيلو بايت
Latest African News
IGAD Calls for Greater Global Support to Address Growing Displacement Crisis.
By BUATRE George The Intergovernmental Authority on Development (IGAD) has called on the...
بواسطة George Buatre 2026-06-21 04:26:03 0 2كيلو بايت
Zoomer Cultural News
Zombo's Well-Known Police Officer Converts to Islam, Says 'Hope Lies in Islam'
By Mike Rwothomio Zombo Muslim District celebrated Eid ul-Fitr with heightened joy and gratitude...
بواسطة Rwothomio Mike 2026-03-20 19:19:53 0 2كيلو بايت
Latest African News
EURO GOLD REFINERY LTD LAUNCHES SMALL-SCALE GOLD MINING PROJECT IN YUMBE
By Mike Rwothomio  Yumbe District has taken a major step in Uganda’s mineral...
بواسطة Rwothomio Mike 2026-08-21 08:09:12 0 4كيلو بايت
Opinion and Analysis
Finding Zen in the Chaos: A Look at "Crazy Cattle 3D"
We’ve all had those moments where we just need to switch off our brains for ten minutes....
بواسطة Lancaster Keira 2026-01-05 04:07:27 0 3كيلو بايت
Zoomer Africa https://zoomer.africa