Uber Ceases Operations in Nigeria and Uganda Immediately
· Business · BBC News, Sky News
Uber has shut down its ride-hailing operations in Nigeria and Uganda with immediate effect. The company described the move as a difficult decision reached after a thorough review of its business performance in those markets. Drivers in Nigeria had previously protested against low fares and high commission charges amid rising fuel costs. Uber stated that this decision is limited to these two countries and does not impact its presence in other African nations like Kenya and South Africa. The company pledged to support affected employees and drivers as it exits these markets.
Why it matters
The exit leaves a significant void in the ride-hailing market in Nigeria and Uganda, forcing commuters and drivers to shift to local and international competitors.
Read the original report — BBC News
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