Three-Wheeler Financing for Cleaner Vehicles Unveiled in Tanzania
2024年5月7日 - 2:43AM
ビジネスワイヤ(英語)
Today, Watu Credit (Tanzania) Limited (https://WatuAfrica.com/)
announced an initiative to expand its asset financing support for
Compressed Natural Gas (CNG)-powered three-wheelers across
Tanzania. This initiative is part of Watu's ongoing commitment to
environmental sustainability, with the goal of financing at least
1,000 CNG-powered three-wheelers by the end of 2024, intensifying
efforts to transition the transport sector to cleaner energy
sources.
The initiative was officially launched in the presence of the
Ilala District Commissioner, Hon. Edward Mpogolo, who highlighted
the collaborative efforts of the government and private sector
through public-private partnerships. "These efforts align with
Sustainable Development Goal No. 7, ensuring access to affordable,
reliable, sustainable, and modern energy for all, including that
every Tanzanian can access affordable and clean energy by 2030,”
stated Hon. Edward Mpogolo.
"Transitioning to cleaner energy is essential, and we are
dedicated to financing this project to help the commuters, drivers,
and the community adopt clean, safe, and sustainable transport.
This commitment helps safeguard our environment because the future
of our entire planet depends on the actions we take today," said
Rumisho Shikonyi, Country Manager at Watu in Tanzania.
Watu has been working towards this goal, financing over 200
CNG-powered three-wheelers worth Tshs. 2.2 billion in the past two
months alone. This campaign will further amplify their impact,
helping them achieve the target of financing at least 1,000 more
vehicles and advancing the clean mobility agenda across the
continent.
The event also featured prominent stakeholders from the energy
and environmental sectors, including Engineer James Mologosho
(Principal Engineer Natural Gas - Distribution & Supply at
EWURA), Tajiel Urioh, expert in climate policy, carbon markets and
energy transition, and Dr Esebi A. Nyari (Mechanical Engineering
Lecturer & CNG Project Coordinator at DIT).
Distributed by APO Group on behalf of Watu Credit Tanzania
Ltd.
Download image 1: https://apo-opa.co/44tnVh0 (Ilala District
Commissioner Edward Mpogolo at the launch of an environmental
conservation initiative championed by Watu Credit (Tanzania)
Limited through financing three-wheelers (bajaji) powered by
compressed natural gas (CNG). He is joined by Rumisho Shikonyi,
Country Manager for Watu Credit (Tanzania) Limited, positioned
behind the three-wheeler, and Jonathan Masanja, Head of Business at
TVS, facing the Commissioner. The event happened in Dar es Salaam
city, on Friday, May 3rd)
Download image 2: https://apo-opa.co/3yhow9x
Download image 3: https://apo-opa.co/3JPmMXL
Download image 4: https://apo-opa.co/3yaKB9V
Download image 5: https://apo-opa.co/3JPmSP7
Download image 6: https://apo-opa.co/3JUbVM0
About Watu:
Watu is an asset financing company revolutionizing financial
inclusion across Africa. The company is building an ecosystem for
unbanked and underserved individuals by providing access to
mobility and connectivity tools that enhance digital literacy,
economic growth, quality of life and opportunity. So far, Watu has
provided over 1 million loans across 7 countries and has positively
impacted the lives of more than 4 million people. In addition, Watu
actively promotes financial literacy and independence, as well as
increased regulatory and safety compliance.
For more information, visit Watu’s website
https://WatuAfrica.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506570918/en/
marie@apo-opa.com