Yango Ethiopia has signed a Memorandum of Understanding (MoU) with Amigos Saving & Credit Cooperative Society to support its partner drivers in purchasing electric vehicles (EVs). The agreement was announced in a statement issued on April 30,2025. The MoU is designed to finance drivers currently working with Yango, helping them transition from rented vehicles to EV ownership. According to the statement, the partnership will provide financial support to 100 Yango drivers over a 17-month period, with six vehicles allocated each month. Drivers must meet performance and platform criteria to qualify for the programme. Yango Ethiopia described the initiative as part of a broader effort to empower its partner drivers through sustainable access to car ownership. The agreement also includes training on financial literacy and vehicle maintenance for selected drivers. Yango Group, headquartered in Dubai, is a tech company offering transportation services. Amigos is an Ethiopian savings and credit cooperative that provides accessible credit and financial services to its members.
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