Uber exits Nigeria, Uganda: Why Africa's ride-hailing market is getting tougher
- Uber exits Nigeria, UgandaUber is pulling out of Nigeria and Uganda, closing operations in two African markets where ride-hailing companies have faced a difficult combination of rising operating costs, pressure on fares and growing competition.
- The exits took effect on September 2, ending Uber's 12-year run in Nigeria and roughly a decade in Uganda.
- The company said it reached the “difficult decision” after a “thorough review” of its business priorities, while stressing that the move applies only to the two countries.
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- Uber exits Nigeria, UgandaUber is pulling out of Nigeria and Uganda, closing operations in two African markets where ride-hailing companies have faced a difficult combination of rising operating costs, pressure on fares and growing competition.
- The exits took effect on September 2, ending Uber's 12-year run in Nigeria and roughly a decade in Uganda.
- The company said it reached the “difficult decision” after a “thorough review” of its business priorities, while stressing that the move applies only to the two countries.
Sources: Times of India