Absa And Bolt Join Hands To Drive Financial Literacy Among Drivers

100 drivers on Bolt benefited from financial literacy training provided by Absa Bank Kenya, aimed at promoting the financial stability and independence of the drivers.

This 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.

“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,” said Dimmy Kanyankole, Bolt General Manager, Kenya and Tanzania. “Drivers are the backbone of our platform and empowering them with real-world financial knowledge is key to their long-term success.”

Over 70% of Bolt drivers receive their earnings daily through mobile money and cash, but many face challenges managing their day-to-day income effectively. Through this collaboration with Absa Bank Kenya, Bolt aims to close this gap by offering expert-led, accessible training tailored to the realities of gig economy workers.

Speaking during the financial literacy workshop, 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 towards money and support the drivers’ ambitions and their growth stories,” said Ms Irungu.

Building communities’ financial muscle by empowering them with financial skills strategically aligns their short-term and long-term ambitions, thus improving their productivity.

We live in an environment influenced by various macroeconomic forces that affect our financial growth. Through this training, we can contribute to the financial wellness of drivers across the country and steer them towards financial freedom, ultimately leading to enhanced, sustainable socio-economic growth and improved financial health.

This initiative is part of Bolt’s broader commitment to delivering value beyond earnings. From welfare support to vehicle financing and financial literacy, Bolt continues to explore meaningful ways to uplift and support its driver community.

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