Bolt, Africa’s leading ride-hailing platform, has partnered with the Absa Bank Kenya to train at least 100 Bolt drivers.
In a press release dated Thursday, May 8, the initiative aims to equip drivers with financial management skills.
Bolt has operations in over 50 countries and 600 cities and provides shared mobility services, including ride-hailing, scooter and e-bike rental, and car rental services, to over 200 million lifetime customers. More than 4.5 million drivers use the Bolt platform around the world. The company seeks to accelerate the transition from owned cars to shared mobility, offering better alternatives for every use case.
Absa Bank Kenya Plc is listed on the Nairobi Securities Exchange and is one of Kenya’s leading financial institutions. The Bank has been a major player in Kenya’s financial landscape, engaged in personal and institutional banking, bancassurance and asset management.
The Bank’s regional and global footprint enables it to offer end-to-end financial solutions to retail and institutional clients.
Objectives Of the Training
The training is aimed at promoting financial stability and independence of drivers and is part of a financial literacy training series targeting cities such as Mombasa, designed to equip drivers with practical money management skills, including budgeting, saving, and daily cash flow planning. This initiative aims to help drivers stay cash-positive and build financial resilience.
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Through the collaboration, Bolt drivers who are said to have been facing challenges with their cash management are able to learn and Bolt would have achieved its aim of closing the gap through this expert led and accessible training.
Facilitators Remarks
Dimmy Kanyankole, Bolt General Manager, Kenya and Tanzania, says drivers are the backbone of their platform and empowering them with real-world financial knowledge is key to their long-term success.
“Bolt’s collaboration with Absa Bank Kenya is part of our ongoing efforts to provide financial literacy training that helps driver-partners improve their financial planning and decision-making. “He stated.
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Elizabeth Irungu, Head, Absa Asset Management Limited, noted that financial literacy is key to driving financial independence in the gig work ecosystem, including those in the transport sector.
“To impact the consumer and empower Africa’s tomorrow together, one story at a time, we believe financial inclusion must start with knowledge and the right strategic stakeholders, and that is why we are working in collaboration with Bolt to promote a healthy discipline
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