Letshego Ghana, Wahu Mobility empower gig economy
Letshego Ghana Savings and Loans PLC, a subsidiary of Letshego Africa (Letshego Group) has announced a new partnership with Wahu Mobility, a Ghanaian e-mobility start-up pioneering in the design, manufacturing, and sales of electric bicycles (eBikes).
The partnership is set to empower Ghana’s growing gig economy by offering eligible riders financing solutions to access Wahu’s eBikes through a unique ride-to-own model, enabling riders to start earning immediately.
Wahu’s ride-to-own eBike solution provides Ghanaian delivery riders, especially riders within the growing food and parcel delivery sector with immediate earning potential, addressing one of the biggest barriers for delivery riders in Ghana: upfront ownership costs. Through Letshego Ghana’s partnership with Wahu Mobility, riders can now access a pre-financing solution that allows them to purchase eBikes without the initial financial burden, enabling them to start their journeys toward ownership while generating income. This initiative is expected to benefit thousands of riders, fostering entrepreneurship and supporting Ghana’s transition to sustainable, eco-friendly transportation solutions. With this solution, riders have flexible payment options between 12 and 24 months.
This collaboration aligns with Letshego’s mission to improve lives by creating accessible financial opportunities and fostering economic growth across communities.
Commenting on the partnership, at the signing ceremony, which took place at Wahu factory, Nii Amankra Tetteh, CEO of Letshego Ghana Savings and Loans, said, “Partnering with Wahu allows us to create positive financial solutions that go beyond traditional financial services. By making eBikes accessible to delivery riders through innovative financing, we are not only supporting their economic potential but also contributing to environmentally friendly transportation in Ghana. This partnership aligns perfectly with Letshego’s commitment to improving lives across communities.”
Valerie Labi, Co-Founder & CEO of Wahu Mobility, shared, “Mobility and financial inclusion are fundamental to freedom. Through this partnership, we aim to empower young men and women in our communities to become productive contributors to society.” She added, “Our goal is to make vehicle ownership affordable across our market and continent, enabling delivery riders to partner with us to acquire electric vehicles and transition away from petrol. This shift not only empowers riders but also helps preserve our environment.
Letshego Ghana Savings and Loans PLC is a licensed financial services provider, providing innovative solutions to individuals across the public and private sectors, as well as supporting Micro and Small Entrepreneurs. The company is a wholly owned subsidiary of Letshego Africa and operates with 16 physical outlets and a staff complement of over 100 employees. The company’s customer reach is enhanced through strategic partnerships, innovative delivery, and their new and enhanced digital channels.
