- “Co-operative societies have a role in uplifting the economic status of the community, which include the boda boda operators.”
- Parklands/Highridge ward rep Stephen Ndegwa emphasised the need for continuous support and development within the sector.
Image: FILE
Westlands MP Tim Wanyonyi has urged the cooperative sector to consider the boda boda industry when developing products for their clients.
Wanyonyi said saccos can play a critical role in supporting and strengthening the boda boda business, which has become a source of livelihood for about three million operators in the country.
“Co-operative societies have a role in uplifting the economic status of the community, which include the boda boda operators,” he stated.
The lawmaker made the remarks at the Annual General Meeting of Park West SACCO held at the Kenya Education Management Institute in Westlands on Friday.
During the meeting, the Sacco officially launched a motorbike loan product, available for both members and non-members.
The event, presided over by chairman Mansae Bosire, was a significant occasion marked by insightful discussions and meaningful engagement with members, who included boda boda operators.
Parklands/Highridge ward rep Stephen Ndegwa emphasised the need for continuous support and development within the sector.
“The boda boda industry should not be left out considering that so many people make a living from it,” Ndegwa added.
The meeting also saw members expressing their appreciation for the various services provided by the SACCO, particularly in accessing loans and title deeds.
There are about three million boda-boda riders in Kenya, according to the Ministry of Transport, and the UN estimates some five million people benefit from their incomes.
Boda bodas provide easy movement of goods and people in urban areas where there is a lot of traffic while offering relief in rural areas where there are few transport alternatives and poor road networks.
It is estimated that operators earn approximately Sh1 billion in a day, according to the Kenya Institute for Public Policy Research and Analysis (KIPPRA).
The institute further estimates that the government collects approximately Sh60 billion annually in fuel taxes from the boda boda industry.