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Bolt plans to invest over €500 million in Africa over the next two years

February 21, 2023by George Adjei2

The most popular mobility app in Africa, Bolt, has declared plans to spend €500 million in the continent over the next two years. More than 300,000 additional drivers and couriers will have the opportunity to join the platform in 2023 thanks to the expansion of Bolt services throughout Africa.

Bolt, which debuted in South Africa in 2016, now offers ride-hailing and delivery services in six additional nations, including Kenya, Ghana, Nigeria, Uganda, Tanzania, and Tunisia. The platform has over 47 million users and 900,000 drivers. Also launched in Nigeria, South Africa, Ghana, Tanzania, and Kenya, Bolt Business is Bolt’s corporate travel division that provides nearby companies with secure, cost-effective options for their employees to travel.

In seven years, Bolt claims it has provided more than 1 billion trips throughout Africa, and it anticipates that over 1 million drivers will be using the platform by the end of the next six months.

As quoted by Markus Villig, Founder and CEO: “Over the past seven years, we have built a strong team of 500 people in Africa and we remain committed to investing into local communities for the long-term. At a time when many countries are facing economic challenges, we will continue to grow our presence in Africa through this new investment which offers massive potential to create new jobs and income opportunities for drivers and couriers.”

 

Source: Vanguard

George Adjei

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