Youth population, 87 percent of them live

Published by admin on

unemployment is a major challenge in the world today. Child Peace International
Report (2015), states that globally there are millions of young people out of
school who are ready to work, but they are not employed due to their relevant
skills and business need. Sub-Saharan Africa is the one of the regions highly
affected by youth unemployment (ILO& Jua, 2003). Accounting to 17 percent
of the world population, 87 percent of them live in developing countries, while
contending with the current economic crisis in the world; African countries
will not cope with the growing number of youth unemployment in the region
unless serious measures and alternative strategies are developed. ILO (2014),
according to their report shows the joblessness rate among youths ages 15-24 in
Tanzania is about 6.5 percent, while youth employment situation remains one of
the key challenges in Tanzania. Unemployment rate among youth 15 and 34 years old
was 13.4 per cent; females stand at 14.3 per cent and amongst
males were 12.3 per cent. Urban areas are hardest hit with unemployment rate,
reaching 22.3 per cent as against 7.1 per cent in the rural areas. Millions of
Tanzanian youth are faced with the choice of schooling/ going into business as
a result of unemployment scourge. Those who complete their studies at the
university/ vocational colleges especially males, due to the absence of jobs
they go straight into business. Mostly they entered to commercial motorcycle
riders known as BODABODA as a means of generating income and solving
unemployment problem.


is about more than just moving people from point A to point B, it’s also a
system that can either limit or expand the opportunities available to the
people based on where they live. However this is the responsibility to put
those infrastructure means of moving people from the place they live to
different areas to search different needs. Due to the absence of public
transport in many areas in the third countries particularly Tanzania, the
commercial motorcycles became a career solution for both youth and old people
at the time when the world is facing a globally unemployment issues. Between
2008 and 2014 over new motorcycles were registered in Tanzania, with the number
of registrations per year increasing from amount 45,0000 in 2008 to 148,000 in
2014 (TRA,2015). Motorcycles are commonly used as taxis changing a form to
carry passengers and or goods are known as BODABODA.


term BODABODA refers to a motorcycle which is rented out by its owner for
profit. Either the owner of the motorcycle drivers it himself charging a fee to
carry passengers and goods or the owner rents it to a driver on a limited time
basis such as day or week for a fixed amount with the driver charging a fee to
customers and keeping any profit for him. BODABODA provide employment
opportunities in particular among young men with low levels of education and
skills. It is not only jobs as drivers that BODABODA create but also related
services such as mechanics and vendors of spare parts and accessories. Also
BODABODA provide income opportunities to the growing middle class. It is common
for people with sufficient capital to buy one or more motorcycles and to rent
them out to others on a short term basis for a fee.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

is a process of setting aside a portion of current income for future use. The
important of saving can enable those commercial motorcycle riders in Shinyanga
town to achieve the goal oriented on the future coming for example to solve
emergency issue, sending children to schools, building houses and even to make
different investment. The main purpose of the study is to find out the factors
influencing saving habits for commercial motorcycle riders in Shinyanga town
the flow of resources accumulated in this way over a period of time. This can
provide a linkage between an employment for youth, unreliable transportation
and the commercial motorcycle riders known as BODABODA on how they earn income
and how the make savings for future use. The measure of saving analyzed in this
study as a simple indicator for whether or not household’s spending was less
than household income. The study identify the real income, persistency, growth,
demographic effects such as Age, level of education, gender and marital
status  together  with uncertainty are the factors which
influencing saving behavior for BODABODA in Shinyanga town.

Categories: Accounting


I'm Iren!

Would you like to get a custom essay? How about receiving a customized one?

Check it out