Yango Ethiopia announced the signing of a Memorandum of Understanding (MOU) between G2G IT Solutions S.C, (operator of Yango service in Ethiopia) and with Amigos SACCO., Ethiopia’s trusted microfinance institution. This partnership will roll out an EV vehicles financing program under Yango Cares—an impactful initiative designed to empower Yango partner’s drivers by providing sustainable access to car ownership.

As part of the program, up to 100 Yango partner’s drivers are expected to have access to financial support from Amigos to purchase EV vehicles over 17 months financing, with six vehicles to be allocated monthly to eligible drivers who meet performance and platform criteria. This strategic effort is a direct response to the challenges facing the majority of drivers in Ethiopia—the majority of whom currently operate rented vehicles—limiting their ability to scale their income and independence.