13 Hrs
Source:
الاقتصادية
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Uber shifts African markets for robot taxi race
Uber has halted its operations in Nigeria and Uganda after being present in these markets for 12 and 10 consecutive years, respectively, due to structural and economic challenges. Although the Nigerian market is valued at approximately $450 million and is expected to reach $1 billion by 2032, the company faced difficulties stemming from rising costs following the removal of fuel subsidies, disputes with drivers, and increasing regulatory restrictions, particularly in Côte d'Ivoire. This has led to a decline in its market share against competitors such as "Sef Boda" and "Faras." As part of a strategic reorientation, Uber is shifting its investment toward autonomous vehicle technology and robotaxi services, with plans to launch the service in 15 cities by 2026, investing more than $10 billion in this transition, and reducing its presence in African markets to focus on technological innovation.
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