Bolt will invest Sh13.4 billion (100 million euros) in its Kenyan subsidiary to expand its services beyond the 16 towns it operates.
Bolt is the largest ride-hailing service provider in terms of towns, with its services available in 16 towns, including Kakamega, Nakuru, Naivasha, Eldoret, Kitale, Nyeri, Meru, Embu, Nanyuki, Karatina, Kilifi and Malindi.
Uber, operating in Nairobi, Thika, Mombasa and Nakuru, expanded to five other towns -- Kisumu, Eldoret, Naivasha, Elementaita and Gilgil in June last year.
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