Uber targets expansion in fast-growing African markets

LAGOS (Reuters) – the Global ride-hailing company Uber Technologies Inc has been in talks with regulators over plans to extend it to the two West African countries, and on a boat in the Nigerian city of Lagos, a company executive said on Thursday.

Brooks Entwistle, Chief Business Officer of Uber, speaks during an interview with Reuters in Lagos, Nigeria, the 27th of June, 2019 at the latest. REUTERS/Temilade Adelaja * * * * Local Caption *** Brooks Entwistle, Uber’s chief business officer, speaks during an interview with Reuters in Lagos, Nigeria, the 27th of June, 2019 at the latest. REUTERS/Temilade Adelaja

In much of sub-Saharan Africa, have low levels of personal car, a fast-growing population and the lack of an efficient mass transportation systems in the fast-growing towns and cities.

Uber, which said it has 36,000 active drivers in sub-Saharan Africa, and is actively involved in a number of countries in Eastern and Southern Africa, but is largely absent in West Africa, apart from Nigeria and Ghana.

The company has determined that, for the region as a destination for expansion, the Chief Business Officer of Brooks Entwistle told Reuters. He said that the company was in talks with regulators in côte d’ivoire, and Senegal, regarding the potential launch of the service.

Both in Abidjan and Dakar, and a very interesting potential for us,” said Entwistle, adding that the talks were at an early stage. He did not disclose further details.

“We’ve talked about the West Africa of today and the end of the day, a large growth is a priority for us, and the launch of a priority for us,” said Entwistle.

Côte d’ivoire and Senegal, two of the world’s fastest-growing economies in the world, according to the International Monetary Fund. Nigeria, Africa’s largest economy, is also the continent’s most populous nation.

Some of the vehicle’s drive-from the companies have also targeted West Africa as an area of expansion in the last couple of months.

Nigeria’s commercial capital Lagos, a megacity of about 20 million inhabitants, is built on a lagoon, where Uber began in July 2014 and has been overwhelmed by heavy traffic congestion.

Entwistle, who spoke to Reuters during an interview in Lagos, said that the company was in talks with regulators in the various states concerning the provision of a transportation system on the city’s waterways as a means of avoiding the choking of roads.

“We are on the search for the inland waterways that are very interesting to us, as it’s going to be a potential service,” said Entwistle.

The company was started with a boat in the Indian city of Mumbai in the last couple of months.

“We have had the launch of the Uber Boat in Mumbai, we have looked at the product. It is in the early stages, and we believe that there is a high degree of relevance here,” he said, referring to the Average.

The Uber executive, who described Lagos as one of the great growth of the possibility of towns and cities in the world”, he said, the company has also held discussions with bus companies and the supervisory authorities in the city.

He said that the talks were in line with the global push by the company to bring products to market that work together with the public transport systems.

FILE PHOTO: A sign marks the offices of Uber in Boston, Massachusetts, USA, May 8, 2019. REUTERS/Brian Snyder/File Photo

Entwistle said that the combination of population growth and the congestion is been made the city of Lagos, and other cities and towns in the region are very attractive.

The United Nations predicts that nigeria’s population is expected to more than double to 400 million by 2050, making it the third-most-populous country in the world, after China and India.

Uber faces stiff competition in the African towns from the you’re-ride-from strong Iron, that is, until the beginning of 2019, it was called Taxify. Bolt has a handle, in the business, largely due to taking a smaller cut of the driver is to download the app.

Reporting by Alexis Akwagyiram; Editing by Jan Harvey

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