Business Daily | by James Kariuki
Nabo Capital, a subsidiary of Centum Investment, 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.
Members of the fund will see their savings attract an interest rate higher than that of bank deposits currently at 6.64 percent and…
