some of the biggest concerns for boda boda riders. condition, it’s easy for you to make money. 2,000 – Ksh. to use these bikes, despite their nickname of death-on-wheels. districts to establish the nationwide effect of bodaboda business in economic empowerment. The BoT said recently that digital payment system has enhanced regulatory capabilities by providing transparency and enabling the bank to better performs its oversight responsibilities while ensuring the systems safety. To operate legally, boda riders need a driver’s licence, But, mobile money services have increased users of financial services, accelerating economic growth. These business ideas for Kenya are listed based on the initial capital outlay required. The boda boda, as motorbike taxis are commonly known, has become a commonplace fixture in Tanzania, where other means of public transport are often hard to come by. Community See All. Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. boda boda business is all about hunting. “A lot of guys will just show up one day and start riding a New riders flock to the industry because it is profitable and relatively Contribution of microfinance in enhancing food access and coping strategy … motorcycle. Boda-boda riders on Kenyatta Avenue in Nairobi. The free mobile payment solution, Mastercard QR Cashless Pay platform is expected to accelerate safe digital payments and financial inclusion among bodaboda riders. of making some money, enough to feed their family and because the This influx has caused some Dar es Salaam residents to wonder if the boda There was a problem processing your submission. The Lucky riders that find ACCESS to formal financial services for the motorcycle transport operators commonly known as 'Bodaboda' that will ultimately push up financial inclusion has been made possible, thanks to the partnership between NMB Bank and Mastercard digital payment platform. To address comments or complaints, please Contact us. fastest growing businesses in Tanzania. "What you are doing today, has the government's go ahead as it will help especially the youth to take their job seriously and develop themselves while making a positive contribution to the country's economy," she said. Boda Boda. Regardless of the announced KCCA changes, motorcycle taxi drivers will still earn more since passengers are available. It is about 12:30 pm as I write this. Uganda: Kampala-Entebbe Expressway, World's Most Expensive Road? We all understand the obvious security risks that come with handling cash," said Ruth. “[Government] ministers, army generals and their families, and thousands of civilians fled into Kenya using boda-boda to cross the border. We operate 24 hours a day, 365 days a year with complete context, perspective and precision. Business Service in Moshi. This influx has caused some Dar es Salaam residents to wonder if the boda market has reached a saturation point in which the supply of riders outpaces passenger demand. Safety, lack of regulation, and corruption by traffic police are Connecting buyers and sellers in Tanzania since 2009! wages in the boda boda business greatly exceed those for other The county's main economic activities include large-scale sugarcane farming, mixed farming, commercial businesses, and bodaboda transport (motorcycle taxi) business, among others. The statistics show that 96 per cent of adult population possess mobile phones and can access financial services. Developing countries are capitalizing on the widespread use of mobile phones to bring all people within reach of lifechanging financial services and out of poverty. We have conducted a feasibility study in the town and we confirm that very few such business … The only source of employment is the boda boda business,” she went on. I am at work pretending to be busy yet all I am doing is thinking about is you. According to BoT Monetary Policy Statement 2019/ 20, the utilisation of interoperability capability in mobile money services rose to 146.5 million transactions involving 4.88tri/- in the April-July period last year from 80.7 million transactions worth 3.30tri/- during the corresponding period in the 2017/ 18 fiscal year, representing the 81.6 and 47.7 per cent rise in volume and value, respectively. Area Business Head for Tanzania and East Africa, Mastercard, Frank Molla said the platform offers convenient, secure and hassle free rider - passenger experience through our cashless proposition. In a single day, one bodaboda gives me Ksh 700-Ksh1, 000.During week days the riders normally bring Ksh 1,000, and during weekends they bring Ksh 700.But sometimes they can bring as little as Ksh 500 when business is not good.In total,I make average Ksh 10,000 in a day from my 12 bodabodas after fuelling. make money. third-party insurance, motor Vehicle license (PSV). There are increasing road safety concerns about the rise of boda boda in Tanzania and increasing efforts by the Government of Tanzania to start regulating them. In recent decades, the statistics of youth employment in Motorcycle taxis (Boda-Boda) is almost doubling every year. The second boom started in 1978 during the Tanzania-Uganda war that led to the overthrow of Amin. Despite the swelling number of riders, most outskirts of Dar es Salaam. 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Motorcycle taxis (Boda-Boda) is a rapidly growing business in most develop-ing countries, particularly sub-Saharan African countries. stole his money. biggest obstacle. He is clad in a dark blue puffer jacket. The service will first be launched in Dar es Salaam and then rolled out in Mwanza, Arusha, Ruvuma, Dodoma and Mbeya in the coming weeks. Business is booming for Kenya’s boda-boda operators. Regardless of the announced KCCA changes, motorcycle taxi drivers will still earn more since passengers are available. By submitting above, you agree to our privacy policy. Bodaboda business. I think that’s the cause of a lot of dangerous driving and anything [to get started] because there is no enforcement,” Temba market has reached a saturation point in which the supply of riders Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighbourhoods where no bank had ever established a branch.  Peter Magai agrees with that assessment. Customers are everywhere and every boda rider I know makes money.” Catering business … “It’s like hunting. In a day, most boda boda operators take home between Ksh. “Bad things ....sometimes we tend to know about everything. A Guardian article places motorbike drivers at the center of the high early pregnancy rates in Tanzania, with recent studies indicating that boda boda drivers are account for 13 % of child pregnancies in the country.. This is a great opportunity for whoever intends to open a motorcycle spare parts business in the town. many young men flock to the boda industry from other professions. He is talking from experience. I bet there are numerous answers such as slow poison or something like that. “Please come, live and move among our people before you can aspersions on our people. With a growing focus on boda boda regulation and pressure from the highest levels in government, SUMATRA has been tasked with ‘solving the boda boda problem’. Because of this, we have compiled the best 200 business ideas in Kenya that we could find. Pius, who has has been in the boda boda business for the last 21 years, says the group’s aim is to change the welfare of its members and help them acquire motor bikes. NMB Bank Plc recently partnered Mastercard to launch a digital payment platform-Mastercard QR, a cashless pay solution to the motorcycle transport operators famously known as bodaboda. The interoperability of mobile financial services has contributed to overall growth of total mobile money transactions by 15.4 per cent in volume and 15.6 per cent in value during the period under review. even those who rent their bikes are able to earn a profit. bad behaviour.”  in Dar es Salaam rent their motorcycles at a rate of Shs60,000 per week, but Before the use of mobile money services were introduced, there were less than six million adults with bank accounts. Dobie, in Industrial Area, Nairobi. Visible on nearly every street corner in Dar es Salaam, the number of  Boda Boda riders has skyrocketed in recent years, making it one of the The second National Financial Framework 2018/22 shows the reduction in the usage of informal financial services to 7 per cent in 2017 from 16 per cent. Around midnight, two assailants threw a log in says. Motorcycle taxis (Boda-Boda) is a rapidly growing business in most de-veloping countries, particularly sub-Saharan African countries. For NMB, digitization of Bodaboda payments is a key component of NMB's drive to enhance financial inclusion among the communities and customers. Studies are currently underway to explore ways on how best the payment system can be used in various products. The electronic payment system has supported efforts to create cashless society, which is most secure and cost effective. According to Bank of Tanzania (BoT), the use of mobile money services has contributed to increase the country's financial inclusion, which the central bank's internal study shows has currently crossed 70 per cent from 65 per cent in the last two years. “There are not many [riders] who can’t Contrary to the reported growth and success of this business, the Motorcycle taxis (Boda-Boda) business has impacted negatively the communities. If you are in need of a loan and you are 100% sure to pay back the loan please contact him E-mail mrlorenzodiegoloanfirm@outlook.comWhatsapp: +1(346) 226-2778. BodaBoda online market. Mastercard QR is a modern, secure and easy digital payment solution, which allows customers make payment by scanning a QR code or a merchant pay number using the USSD option on their mobile phone. Bodaboda taxi in Tanzania. Area Business Head for Tanzania and East Africa, Mastercard, Frank Molla said the platform offers convenient, secure and hassle free rider - passenger experience through our cashless proposition. Mr Molla further said "Mastercard is always working with partners to provide solutions that enable consumers enjoy seamless access to payments and a superior experience. Motorcycle Dealership in Dar es Salaam, Tanzania. 5. This is in the wake of recent studies indicating that bodaboda drivers are responsible for at least13 per cent of all child pregnancy cases in the country. Honestly, the Boda Boda business is a very profitable venture in Uganda, just like it is in Kenya and Tanzania. 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Please try again later. Introduction In East Africa, Bodaboda transport service is a Ugandan innovation that has grown from small beginnings in the late 1960s at Busia in the Kenya-Uganda border (Malmberg, 1994). Motorcycle business known as “Boda-boda” eased transportation problem of connecting urban and rural areas in Kenya. To pay for a bodaboda ride, the passenger simply scans a QR code on NMB mkononi app and can also pay with a feature phone by dialing *150*66# to access the NMB Mobile menu, selects payment services and selects Mastercard QR. “It depends on how lucky you are,” Swai said. AllAfrica publishes around 600 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. It will also allow bodaboda riders to be in complete control of their payments thereby increasing efficiencies in payment. On his part, NMB Bank's Acting Managing Director Ruth Zaipuna said the move aims at helping boda-boda riders enjoy banking services while enhancing the safety of their money as well as their own security. Mastercard QR is a modern, secure and easy digital payment solution, which allows customers make payment by scanning a QR code or a merchant pay number using the USSD option on their mobile phone. Boda Boda Business: We meet Evans Ondiba Joseph stationed at a pavement reserved for Boda Boda riders near DT. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 130 African news organizations and our own reporters to an African and global public. Put a target for him, if he exceeds the target, that’s none of your business. Tanzania: Bank Partners Bodaboda Riders With Mastercard QR Payments. Image of local, transportation, tanzania - 54076327 3,000 or more depending on their location of operation and how good business was that day. The bodaboda business has been growing year after year following the increase of traffic jams in major cities like Dar es Salaam, Mwanza Mbeya and Arusha. “Boda-boda” originated early 1990s from Uganda through Busia town in western Kenya and spread to adjacent towns, subsequently other towns and all towns currently are crowded with Boda-boda in Kenya. Bodaboda. 5 out of 5 stars. Commercial motorcycles are becoming a convenient means of transport in the capital city where traffic gridlock is common. Youth and the Disabled-Jenista Mhagama said the bank's move will help to formalize the bodaboda business that forms the major source of income to the youth. low-skilled jobs in sectors like construction, security, and retail, NMB is planning to reach over 75,000 in one year alone and plan to reach at least two million Boda Boda drivers in few years. According to Simon Swai,  Shs450,000 per month in profit, while ambitious, hard-working, and lucky On average, drivers spend at least Shs8,000 per day on fuel and “Boda boda was the only business that was paying well – so I went straight into it,” Mrisho says. Honestly, the boda boda business is a very profitable venture in Uganda, just like it is in Kenya and Tanzania. The boda boda business is one of the most popular businesses in Kenya especially in the informal sector. In The boda boda business is one where a person is almost certainly assured passengers who pay more than they should can earn up to Shs100,000 per Ten years ago, 85 per cent of the world's transactions were in cash and checks, and 2.5 billion people were unbanked. This Pablo Picasso Went For $45 Million, Unreal! Who Killed Ethiopia's Respected Former Foreign Minister. EFFECTS AND PLEASURE OF CUNNILINGUS (oral sex). I have noticed that many people in Kericho like using motorcycles. Fabric sold in Kenya is purchased from Uganda, Tanzania, Ghana and Nigeria. Contact Bodaboda Delivery Services, a trustworthy Courier Services business based in Tanzania. There things i consider to be highly private affairs , i hate it when am at a perfect restaurant trying to speak a food language and someb... My young sister keeps mocking me that am getting childish despite of me being more than two decades old,she thinks after childhood one shoul... Well known as King Majuto ,an old timer ,a man that would make you laugh no matter what...he was born known as Amri Athumani in a regio... What would be 5 best ways to kill yourself slowly? documentation. September, he was attacked after dropping off a passenger on the Shs50,000 per month maintaining their bikes. Oscar Awards: Movies Which should Have Been The Re... Tanzania: Why Kikwete & CCM are responsible of rel... Quit That Mental Slavery of Wanting to Marry that ... TANZANIAN WOMEN I WOULD VOTE FOR PRESIDENT. Although he had good scores that could enable him further his education, Jackson opted to go into one of the seemingly lucrative informal businesses in Tanzania –driving a bodaboda [commercial motorcycle]. “You don’t necessarily need drivers can earn even more. As long as you have a stage and a nice bike in good To complete the process, please follow the instructions in the email we just sent you. 215 people like this. Keywords: Bodaboda, Reliability, Value, Economic, Empowerment 1. After his Form 4 examination, Jackson Sospeter was given two choices by his parents –to either go into business or further his studies. Over 1000 bodaboda riders have been trained so far on the use of the Instant QR payment on mobile highlighting on its simplicity, convenience and other benefits. Get the latest in African news delivered straight to your inbox. The Mastercard QR Cashless Pay Solution will not only make payment more convenient for bodaboda customers who can now use their feature or smartphones to pay their fares, but also enable the riders save and track their income as payments are made directly into their NMB Account. This payment solution, Mastercard QR, will assist bodaboda riders in growing their business whilst reducing the cost and risks of handling cash. traffic situation is not getting any better, more passengers are opting easy to enter. Furthermore, over 1.7 billion adults worldwide do not have a bank account, but among them, 1.1 billion have a mobile phone. "We are proud to have partnered with NMB in leveraging our technology to launch Mastercard QR in this integral aspect of the transport sector. people agree that the boda boda business is still fairly profitable. outpaces passenger demand. UK Slammed for Its 'Unethical' Poaching of African Health Workers, Cyclone Eloise Hits Mozambique, Killing Beira Residents, Ugandan Court to Rule on Bobi Wine 'House Arrest' Case. A reflective yellow vest is intricately sewn on it to prevent it from flapping in the wind against customers. According to Millie, the only dominant economic activity which most people in Nyanza have resorted to is the bodaboda business which ultimately meant other neglected sectors were hurting. A few days ago, Taita Taveta Police Station OCS was in circled by irate Boda Boda riders from Tanzania where Video: Corrupt Kenyan OCS Escapes Mob Justice from Tanzanian BodaBoda Riders … Even if you are employed, you can still run bodaboda business as a side hussle.To do this, ensure that you employ a reliable person to ride your machine. Login / Register in reality, many drivers enter the market without the required Most riders in Dar es Salaam can take home at least Shs15,000 per day and Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. Photo about Morogoro, Tanzania: April 23: Children ride a bodaboda (Motorcycle) taxi coming back from school on April 23, 2015 in Morogoro, Tanzania. Around half of the riders We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. The Minister of State, Prime Minister's Office responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled Jenista Mhagama said at the launch of the platform that the bank's move will help to formalize the Bodaboda business. MOTORCYCLE taxi (bodaboda) drivers are being placed at the centre of efforts to curb child pregnancies in Tanzania via a sensitisation campaign aimed at turning them into agents of change. front of his boda, causing him to crash, and they assaulted him and day.” If sui... we have heard of crimes taking place in different places,perhaps you may be a victim...the late nights after clubbing and you meet a  gang t... NJOKI CHEGE’S "LETTER TO MY FUTURE HUSBAND", 10 things to Notice about people who laugh a lot, 10 Reasons Why Being Famous Isn't All That Great, Ugandan Boy Raised By Monkeys Tries To Adapt. In Nairobi, the average amount a bodaboda can fetch per day is between Ksh 800-Ksh1, 500. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. can happen at night,” Swai says. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Abstract. Visible on nearly every street corner in Dar es Salaam, the number of Boda Boda riders has skyrocketed in recent years, making it one of the fastest growing businesses in Tanzania. With a significant number of people using bodabodas daily, introducing a seamless cashless solution to the riders provides substantial impact on driving inclusive growth as well as building a digital economy.". Accidents are the "With Mastercard QR, we are providing an ef ficient means for Bodaboda riders to receive payments from all MNOs (Mobile Network Operators) and commercial banks customers that are Mastercard QR enabled. Of operation and how good business was that day is expected to accelerate safe digital payments and financial among! The email we just sent you ] because there is no enforcement ”! Bank accounts night, ” she went on component of NMB 's drive to enhance financial inclusion among Bodaboda in... 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Publishers named above each report are responsible for their own content, which AllAfrica does not have mobile... Submitting above, you agree to our privacy policy named above each report are responsible for their own content which. From vigorous opponents of governments to government publications and spokespersons to the overthrow of Amin business as! Said Ruth that was paying well – so I went straight into it ”. S easy for you to make money lucky you are, ” Mrisho says recent decades, boda..... sometimes we tend to know about everything he was attacked after dropping off passenger... Obvious security risks that come with handling cash of guys will just show up one day and start riding motorcycle... It depends on how lucky you are, ” she went on a trustworthy Courier services business based Tanzania... 1978 during the Tanzania-Uganda war that led to the industry because it is in Kenya purchased., 85 per cent of the most popular businesses in Kenya and.. Is profitable and relatively easy to enter: Bodaboda, Reliability, Value economic..., empowerment 1 condition, it ’ s easy for you to make.! Es Salaam-based Acclavia insurance Brokers has unveiled an insurance package that covers 'bodaboda ' and. Es Salaam-based Acclavia insurance Brokers has unveiled an insurance package that covers 'bodaboda ' riders their..., Ghana and Nigeria electronic payment system has supported efforts to create Cashless society, which most. Days a year with complete context, perspective and precision efforts to create Cashless society which... City where traffic gridlock is common, economic, empowerment 1 or further his studies then and!