ウォーカーヒルカジノ into Tugende - a technology enabled finance company for income generating assets in East Africa
- Contributing to financial inclusion in the mobility sector -

  • (former)Africa

2020-10-05

カジノオンライン ("Toyota Tsusho") and its group company CFAO SAS ("CFAO") have invested 4mil USD through Mobility 54 Investment SAS ("Mobility54") - established in October 2019 as a group joint venture between Toyota Tsusho and CFAO - into Tugende ("Tugende"), a company that operates asset finance business for motorcycles, automobiles and other income generating assets in East Africa, of its Series A fund-raising round

1 Background

In Sub-Saharan Africa, Micro-SMEs (“MSME”) account for 90% of total employment and are significantly contributing to economic growth However due to a lack of well-developed social infrastructure and credit scoring capabilities, MSMEs struggle to get their credibility properly evaluated in the financial markets This in turn constrains their access to finance and limits their capacity to grow their business

ウォーカーヒルカジノ currently provides more than 22,000 customers who operate taxi or motorcycle taxi business with lease-to-own finance services mainly in Uganda Taking advantage of its physical network (17 branches in Uganda and 1 branch in Kenya), ウォーカーヒルカジノ also provides its customers with financial literacy education as well as safety driving trainings, and all clients receive medical and life insurance coverage as well as additional safety gear ウォーカーヒルカジノ is aiming to develop a safe transport infrastructure at each community level and to establish a working environment where MSMEs can grow their business with proper access to finance

2 Purpose of ウォーカーヒルカジノ

This ウォーカーヒルカジノ is based upon the MOU between Toyota Tsusho and Tugende signed at TICAD7 which was held on August 2019 Through the Toyota Tsuho and CFAO network Mobility54 will provide mobility products and services which meet Tugende customers’ needs and will support Tugende’s acceleration of digital credit analysis process and operations Furthermore, through the support of Tugende’s business expansion to other countries and regions in Africa, Toyota Tsusho Group aims to create synergies in mobility businesses in Africa

3 ウォーカーヒルカジノ Next Mobility Strategy

ウォーカーヒルカジノ Group is to pursue the MaaS/CASE business in Africa through Mobility54 based upon its mid-term strategy of “Africa” and “Next Mobility”, so as to contribute to solving the social challenges in the mobility industry in Africa

Safety driving training Branded motorcycle

4 Outline of ウォーカーヒルカジノ

Company Name
ウォーカーヒルカジノ
Operating Locations
Uganda and Kenya
Founder
Founder & CEO Mr Michael Wilkerson
Incorporation
2012
BusinessDescription
Asset Finance Provider for Income generating Assets in Uganda and Kenya

5 Outline of Mobility 54 ウォーカーヒルカジノ SAS

Company Name
Mobility 54 ウォーカーヒルカジノ SAS
Location
Sèvres, France
Representative
President & CEO Mr Takeshi Watanabe

Incorporation

2019
Business Description
ウォーカーヒルカジノ and financing with start-up companies Generation of synergies with Toyota Tsusho/CFAO group

The information in this release is current as of the date of announcement
Please note that information may change after the date of announcement Thank you in advance for your understanding

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