Why is Uber pulling out of some African markets?
- Abuja, Nigeria – Uber is leaving Nigeria and Uganda just as the cost of running a ride-hailing business is becoming harder to sustain in parts of Africa.
- The company ended its 12-year run in Nigeria and about a decade in Uganda on September 2 , saying the decision followed a “thorough review” of its business priorities and was limited to those countries.
- Reuters reported that Uber did not provide specific reasons for the Nigeria exit.
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- Abuja, Nigeria – Uber is leaving Nigeria and Uganda just as the cost of running a ride-hailing business is becoming harder to sustain in parts of Africa.
- The company ended its 12-year run in Nigeria and about a decade in Uganda on September 2 , saying the decision followed a “thorough review” of its business priorities and was limited to those countries.
- Reuters reported that Uber did not provide specific reasons for the Nigeria exit.
Sources: Al Jazeera