September 23, 2019
By Ibrahim Tarawallie
Sierra Leone’s leading GSM operator, Africell Mobile Company has announced a partnership with the Sierra Leone Commercial Bike Riders Union to enhance mobile financial services.
The two entities signed a Memorandum of Understanding on Friday September 20, 2019, which will see the union members serve as the company’s official mobile money agents to penetrate hard-to-reach areas across the country with much needed mobile financial services.
According to the Chief Corporate Affairs Officer, Joe Abass Bangura, the move is a direct response to the government and the Bank of Sierra Leone in fulfilling the aspirations of national financial inclusion strategy by widening the space to reach the unbanked.
He stated that as part of the MoU, they will provide a seed capital of thirty million leones to support the upcoming constitutional review process of the union and set up structures to be able to fully implement the agreement.
“We will provide the union with 5,000 Africell Life Insurance policies worth two hundred fifty million leones to be equitably distributed across their nationwide membership,” he disclosed.
Bangura noted that serving as the company’s mobile money agents to penetrate hard-to-reach areas will positively impact bike riders businesses by widening their revenue beyond the daily passenger or organizational hire.
“Additionally, their roles will also be to identify and provide reliable members from across the country to serve as agents, as well as providing members to be used on the marketing collaterals related to this agreement,” he added.
Bike Riders Union President, Umaru Talli Bah, welcomed the agreement with Africell and assured of it full implementation.
“I am happy today because some of the things I promised to do I have started dong already. We believe that with this partnership with Africell, we have move a step forward. We are capable of doing all what is in the agreement,” he said.