By Jesse Mugo
Sagak Tech Enterprises Limited, the manufacturers of the locally made Four-wheeler tuktuk has had a flurry of activities in the past week following the licensing of their first six units.This milestone is as a result of concerted efforts
from the County Government of Laikipia’s innovation and enterprise development programme and other government agencies involved in the certification and licensing of locally manufactured products.
Steered by the great conviction of the county
boss HE Ndiritu Muriithi and an equally energized principal secretary at the State Department of Infrastructure Prof. Paul Maringa, the
inter-agency team has been able to support the
local entrepreneur to realize one of the country’s big four agenda of manufacturing at the
heart of Laikipia.
The first batch of six tuktuks from the assembly line in Nyahururu received their number
plates and logbooks on 12th August 2021.This means that the local manufacturer has been given the documents of title for the tuktuks after a process that has taken close to three years.
It means a lot for the manufacturer. From a transactional view, the manufacturer can now comfortably take deposits from interested customers who are now assured that the tuktuks from Sagak Tech Enterprises are fully licensed
by NTSA after full compliance with the requirements. The customers who had been making enquiries on the availability of the tuk-tuk in the market have now started streaming into the manufacturing plant seeking to be included in the growing list of customers who are buying direct factory price. From a finance perspective, the company’s ability to boost its working capital needs has been boosted since the complete vehicles are now in
a position to be presented as debenture securities to financial institutions in return for medium term financing.
The company is also in talks with local financial institutions and major banks in the country and is sure to lock some asset financing arrangements to make the vehicle easily accessible to the many interested businessmen across the
transport, agricultural and the general merchandise business.The firm is seeking a financing partnership with banks of up to 80% to enable customers with as little as kes 90,000 be able to start or upscale their transport business with a unit of the BJ-50 Tuk tuk with the balance being fully funded by a financial institution. The BJ-50 is an off-road tuk tuk developed and built with the Kenyan roads in mind. The firm has risen from humble beginnings having received a lot of support from Dedan Kimathi University of Science and Technology (DKUT).There were naysayers and negative critics who never believed in the dream of Samuel Njogu,the founder of Sagak Tech.
The Licensing could not have come at a better time than now when the company has just unveiled their pick-up model. The pickup model that is fuel efficient and with a capacity load of one tonne will be a game changer in the local transport industry for hardware, supermarkets, hotels and other merchants in the retail and wholesale trade.
The pick-up attracted a lot of attention locally and across the country when it was sighted on its routine road test in Nyahururu town.Hundreds of people couldn’t hide their admiration for the pickup and also its versatility.
Loaded with a weight of 1 tonne, the pickup was easily making its way around the town to the admiration of the local public in the hometown of Nyahururu. It’s the solution for
Laikipia’s transport and logistics industry. Buy Laikipia, Build Laikipia.