Watu to finance 10,000 electric bikes in 2024 in push for E-mobility

Watu to finance 10,000 electric bikes in 2024 in push for E-mobility

Publishes Inaugural Sustainability Report Highlighting Progress in Sustainable Financing and Environmental Impact

One of Africa’s leading asset financing companies, Watu, has published its inaugural sustainability report, disclosing its progress in financing mobility and connectivity assets and the environmental impact of its operations.

The report is the first chapter in Watu’s sustainability journey, showcasing a commitment to Environmental, Social, and Governance (ESG) principles.

The report marks a significant milestone for Watu as it seeks to invest in initiatives that uplift millions and create lasting positive change.

Watu to finance 10,000 electric bikes in 2024 in push for E-mobility

Watu CEO and Founder Andris Kaneps said empowering millions of African entrepreneurs starts with a commitment to sustainable practices.  “At Watu, we integrate global best practices with local needs, fostering financial inclusion, upholding the highest safety standards, and championing environmental and social responsibility in everything we do.”

“We believe that financial inclusion is the catalyst for unlocking Africa’s economic potential. By championing electric mobility and advancing digital inclusion, we’re not just reducing our carbon footprint and closing the digital divide; we’re driving socio-economic development across the continent,” Mr Andris added.

Since its inception in 2015, Watu has disbursed over 1 million loans, unlocking opportunities by making motorcycles, tuk-tuks, and smartphones accessible to the unbanked and underserved citizens of Kenya, Uganda, Tanzania, Rwanda, Nigeria, the Democratic Republic of Congo, and Sierra Leone.

Watu to finance 10,000 electric bikes in 2024 in push for E-mobility

“Over the years, we’ve adapted our product range to meet our customers’ evolving needs, marked by significant milestones, including introducing electric vehicle financing, reflecting our commitment to sustainability and environmental stewardship. We are dedicated to creating an ecosystem that supports those without access to traditional banking services with tools that enhance digital literacy, economic growth, quality of life, and opportunities across Africa.”

More about Watu https://africabusinessnews.co.ke/watu-statement-of-facts/