SafeBoda, the Ugandan bike-hailing startup, is leaving Nigeria to focus on “bringing the company to profitability by deepening its core transportation offering” in Uganda, its largest market.
SafeBoda is leaving Nigeria because the okada (a local term for motorcycle taxis) industry “in its current state is not economically viable.
In 2020 SafeBoda exited Kenya after extending its services to Nairobi less than two years prior. The company said it exited Kenya due to the negative effects of COVID-19 on its business.
SafeCar, the company’s new car-hailing product, is still in play.
Read on: in English