Thousands of riders and workers of hailing app SafeBoda are set to lose jobs by the end of the month after the firm announced its exit from the Kenyan market, coming just two years after it entered the country.
In a notice on Monday, the Uganda-based firm said it will suspend its ride services from November 27, adding that the Covid-19 pandemic had weighed heavily on its operations.
“While Nairobi is seeing some economic recovery from Covid-19, boda transportation has been hit hard. This has meant our business cannot sustainably operate in this environment and, unfortunately, the timeline for a full recovery is not certain,” read part of the statement.
SafeBoda is a community of entrepreneurs and bodaboda riders built to revolutionise transportation, payments, and on-demand services in Africa’s cities.
The firm’s exit is expected to hit hard its community of users and business value chain which extends to more than 4,000 riders in Nairobi.
No comments:
Post a Comment