New Finance Deal Aims to Put More Ugandans on Motorcycles

A major microfinance lender and a leading motorcycle company have partnered to make bike ownership more affordable in Uganda. Nova Microfinance and Simba Automotives Limited announced a new collaboration. Their goal is to increase access to both fuel-powered and electric motorcycles for individual riders, businesses, and companies. The partnership will operate through Simba Automotives' 65 distribution points across the country. Nova will provide financial services, allowing customers to purchase motorcycles through structured payment plans. This initiative aims to address transportation and logistics needs by making a key asset more accessible through financing.