Youth are available, timely and will go

Youth
unemployment remains a critical challenge to social and economic development in
Tanzania. Youth almost doubled from 4.4 million in 1990 to 8.1 million in 2010,
this indicate that there is an increase of 97 percent and is expected to soar
to 11 million’s by 2020 and 15 million’s 2030(World Bank Organization Blogs
2013). Notably, the youth’s unemployment rate is fairly low it decreases from
8.7 percent in 2000/2001 to 8.2 percent in 2006 and only 4.7 percent in
2010/2011. Currently the BODABODA sector using motorcycles to carry passengers
which has been considered as a better options for young people; They provide a
modern and attractive employment option for young men, as well as high returns
for people who lease them out at low cost on a daily basis (Starkey, 2007b).
They also provide vital mobility on rural roads that lack conventional
transport services. Men and women users rate them highly (even for transporting
goods, access to maternal healthcare and transport for people with
disabilities), as do development authority’s (Starkey et al., 2013a). Motorcycle taxies are available, timely and will go
off the road into villages; this has been caused by a major cause of
unemployment and life being difficult. First of all, this sector has grown
stronger due to the lack of reliable transportation in urban and rural areas.
Second, this approach seems to be an important source of income for many young
people who have decided to invest in the industry. They have decided to buy a
lot of motorcycles and rent them and while others use them. Despite the fact
that this sector reduces the problem of poverty and increases income, it is
unclear how much income is spent on savings purposes and also in which in turn
would foster further investment and diversification of the economy. The current
study therefore aims to find out the factors influencing saving habit to
motorcycle riders in Shinyanga town particularly Kambarage,  Ndala and Ngokolo areas The significance of
this study is intended to improve over time. Saving money is worth the effort,
it gives them peace of mind, options and more to accumulate additional savings
it will be easier. Saving money actually does feel great. Bodaboda become a
popular industry towards the provision of informal self-employment income
generating opportunities for any unemployed youth thus changing the face of
rural urban transport services in Shinyanga. They contribute to economic,
social cultural and environment development of a country immense.

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